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 leave.”
Nine of the twelve teams, including all six of the Premier League clubs, withdrew from the proposed tournament on Tuesday after the plan sparked a backlash.
Real Madrid, Barcelona and Juventus have not given up on the project yet.
“You don’t need to explain what a binding contract is, but clubs cannot actually leave,” Perez told AS.
“Some of them, due to the pressure, said they would leave. But this project, or a very similar project, will go ahead and I hope very soon.”
The Real President added that US investment bank GB Morgan – which provided a 3.5 billion euros (2.8 billion pounds) grant to founding members – has abandoned the ESL program.
“They took some time to think, just like the 12 clubs,” said Perez. “If we need to make changes, we will, but the Premier League is the best project we thought of.”
“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: ESL was still in “standby” mode.
Atletico Madrid in the Spanish League, AC Milan and Inter Milan have officially withdrawn, while Juventus president Andrea Agnelli admitted. The project could no longer move forward.