The clubs who have withdrawn from the new European Super League are going to face a £130 million fine. The Premier League big six Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, and Tottenham Hotspur have officially stated that they won’t take part in this project after a huge backlash in England.
The other three teams Atletico Madrid, Inter Milan, and AC Milan have also decided to go public and withdraw their names from the new closed competition.
However, Barcelona, Real Madrid and Juventus haven’t withdrawn themselves and they are still a part of this project. Real Madrid and Super League president Florentino Pérez said that the European Super League is not dead yet. He said it is on standby at the moment as other teams have withdrawn their names.
Consequences for withdrawing from the European Super League
According to reports in Germany, the nine clubs who signed a 23-year contract could face a £130 million fine. This was specified on the contract for dropping out of the European Super League.
Barcelona and Real Madrid still committed to the project and will get £52 million more than their rivals. However, the competition is seemingly dead in the water after financial backer JP Morgan withdrew their support.
“Nobody has yet paid the penalization fee for leaving the Super League. We are almost all still in this, they have not officially left yet.” – Florentino Perez.
Which raised the question of that, are these teams still in the competition or they just put a withdrawal statement to put water in the heavy fire of fans. They might decide to reestablish this competition in the future.
If they knew that they would have to pay a huge fine for withdrawing from the competition. Then why did teams like Manchester City or Chelsea, who had doubts about the competition, signed up for this competition. In this tough economic situation of every club. And it won’t be easy for them to pay the sum right away.
Do follow us on Twitter to be updated about this battle between Liverpool and Real Madrid.