The whole football world is in shock after the official announcement of the European Super League was made by the 12 founder clubs. 3 Spanish clubs – Real Madrid, Barcelona and Atletico Madrid, 3 Italian clubs – Juventus, Inter Milan and AC Milan and 6 English clubs – Manchester United, Manchester City, Chelsea, Liverpool, Arsenal and Tottenham Hotspur have agreed on the formation of the European Super League.
Real Madrid president Florentino Perez will be the first chairman of the European Super League. Juventus president Andrea Agnelli, Manchester United co-owner Joel Glazer, Liverpool owner John Henry and Arsenal owner Stan Kroenke will be the vice-presidents of the Super League.
Florentino Perez has now explained the reason behind the formation of the ESL. He has addressed clubs’ falling revenues, which have been accentuated by the coronavirus pandemic.
Perez said on El Chiringuito on Monday night, via Marca: “The biggest clubs in England, Italy and Spain had to find a solution to the really terrible situation they were in. The European Club Association says they’ve lost five billion euros. At Real Madrid, we had a budget of 800 million euros and we finished with 700m. This year instead of 900m, let’s see if we get 600m. In two seasons Real Madrid have lost 400m.”
“When you have no income other than TV money, the best way to increase revenue is to have more attractive games that fans from all over the world can see. So we came to a conclusion that instead of doing the Champions League, we would do a Super League, and we would be able to alleviate what was lost.”