Real Madrid president Florentino Perez has insisted that clubs will not be able to back out of the European Super League as all 12 founding members have signed "binding contracts".
The Premier League's 'Big Six' withdrew from the project on Tuesday causing a number of other clubs to pull support too, leaving only Madrid and Barcelona as members. However, Perez, who is also the president of the ESL, has hit out at the clubs that opted to leave.
He told El Larguero: “The Super League is not dead, we’ll continue working on this project. Now it’s on stand-by. Juventus and Milan have not left. Barca are thinking about it. Maybe we can change it a bit - that the top four in England enter, the top four in Spain."
"The important thing is that the big teams play each other, so the kids will watch football. It cannot be that in England, the six lose money, and 14 make money. In Spain the top three lose money, and the others make money. It cannot continue - at the moment the rich are those who are losing money.”
He also reiterated there would be huge financial penalties involved for any club turning their back on the proposal. “Nobody has yet paid the penalisation fee for leaving the Super League," he added.
Perez concluded, “I’m really sad and disappointed. Maybe we didn't explain the Super League project properly. We are almost all still in this, they have not officially left yet. If this project doesn't work, another one will. Remember: all the 12 clubs have signed a binding contract."