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Clubs Can’t Leave ESL After Signing Binding Contract – Perez

Real Madrid president Florentino Perez says the 12 clubs who founded the collapsed European Super League (ESL) cannot withdraw due to already signed binding contracts.

Perez who was one of the leading figures in ESL which was unveiled last Sunday and scraped on Tuesday following a huge backlash, promised the project will return after a period of reflection.

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“I don’t need to explain what a binding contract is but effectively, the clubs cannot leave,” Perez told Spanish newspaper AS on Saturday.

“Some of them, due to pressure, have said they’re leaving. But this project, or one very similar, will move forward and I hope very soon.”

The Super League was dealt another blow on Friday when JPMorgan, who had provided a 3.5 billion euro (£3 billion) grant to the founding clubs, said it had “misjudged how the deal would be viewed”.

Perez, however, said the bank was still on board.

“It’s not true they’ve withdrawn. They have taken some time for reflection, just like the 12 clubs. If we need to make changes we will but the Super League is the best project we’ve thought of,” he added.

“The partnership still exists as do the members who comprise the Super League. What we have done is taken a few weeks to reflect in light of the fury of certain people who don’t want to lose their privileges and have manipulated the project.”

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