Mr Murdoch's attempt to set up a pan-European pay TV channel linked to the launch of a new European Soccer Super League, fell apart two years ago after he failed to agree terms with Mr Berlusconi.

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It also gets shared rights to the final and European Super Cup, which pits the Champions League winner against the holder of the Uefa Cup.

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As well as the Champions League, the former club captain has also won the Uefa Cup during his time on Merseyside, as well winning the European Super Cup in 2001 and 2005, the FA Cup in 2001 and 2006 and League Cup in 2001 and 2003.

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