The league will consist of 20 teams: the 12 founding members, as well as three undisclosed clubs that are expected to enter soon, and five teams that will qualify annually based on their domestic achievements.
The ESL season would begin in August each year, with midweek matches, and the clubs would be divided into two groups of ten, who would play each other home and away.
The top three teams in each group will advance to the quarterfinals, with the teams in fourth and fifth battling it out in a two-legged play-off for the final two spots.
It will then follow the same two-leg knockout format as the Champions League, culminating in a single-leg final in May at a neutral venue.
The ESL claims that it will produce more revenue than the Champions League and that revenue will be distributed more evenly in the game.