Italian heavyweights Juventus and AC Milan admitted the project was going nowhere immediately, while leaving open the possibility of joining a Super League at a later date.
The 74-year-old Pérez, who has presided over Madrid for most of the past two decades, was supposed to be the first chairman of the Super League of 20 teams that would replace the Champions League run by UEFA.
Pérez denied reports that U.S. financier JP Morgan Chase had also deserted the project.
“That’s not true, they haven’t left either. They’ve taken time to reflect, like the 12 clubs,” he said. “If something needs to be changed, it’ll be changed, but the Super League is the best project we’ve thought can be carried out.”
The Madrid president maintained his position that the pandemic has aggravated the financial troubles big clubs face, including what he said was the dwindling interest of soccer among young people.
He predicted a grim future for his club and others.
“Either we fix this ... or all the clubs go bankrupt," he said. "There will be a mutiny of the teams as they go bankrupt, because the only ones who will survive will be state financed clubs or who have multimillionaire owners, who are willing, for their own entertainment, to lose hundreds of millions (of euros) each season.”
The plan's critics, which include UEFA, the national leagues, and the clubs not involved, say the Super League will do more harm than good by concentrating revenues in fewer hands.
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