Real Madrid president Florentino Perez said that the 12 clubs that have agreed to join the new European Super League have “binding contracts” and “cannot withdraw.”
Nine teams withdrew from the proposed tournament on Tuesday after the project sparked an angry response.
Real Madrid, Barcelona and Juventus have not withdrawn from the project yet.
“I do not need to explain what a binding contract is, but effectively the clubs cannot withdraw,” Perez told Spanish newspaper AS.
He added, “Some of them, due to the pressure, said they would withdraw. But this project, or a very similar project, will go ahead and I hope (it will become) very soon.”
The Real Madrid president added that the news that US investment bank JP Morgan – which offered 3.5 billion euros as a grant to founding members – has abandoned the European Super League project is “incorrect”.
“They took some time to think, just like the 12 clubs,” Perez said. “If we need to make changes, we will, but the European Super League is the best project we thought of.”
He added, “What we did took a few weeks to reflect in light of the anger of some people who did not want to lose their privileges and had manipulated the project.”
On Thursday – in the wake of the withdrawal of Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham – Perez said that the European Super League project was still in place and in “ready” mode.
Spain’s Atletico Madrid withdrew from the project, as did AC Milan and Inter Milan, while Andrea Agnelli, Juventus president, acknowledged that the project could no longer be continued.
The European Super League was announced on Sunday, and the project was widely condemned.