Eight of the world’s leading women’s clubs, including big-name sides from the US and Europe, will compete in a new, lucrative seven-a-side tournament in Portugal during the week leading up to this season’s Women’s Champions League final there, the Guardian can reveal. It will kick off a series of global “grand slam” events that is expected to run beyond this year.

The independently run competition, funded by private US-based investment, has a prize pot believed to extend to a significant seven-figure sum that may rival the money on offer for the Women’s Champions League finalists.

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