Real Madrid team president, Florentino Perez has explained the team’s agreement to join the European Super League (ESL).
There are 12 European teams, includingLos Blancos
, which have declared their decision to join ESL beside La Liga rivals, Barcelona and Atletico Madrid.
The decision was followed by a widespread reaction from across the footballing spectrum, and UEFA threatened to ban all Super League teams and players from UEFA and national league competitions.
Yet, Perez has emphasized the continuing financial pandemic impact, which has made the team re-evaluate their choices.
“The important clubs in England, Italy and Spain have to find a solution to a very bad situation that football is going through, the ECA say we have lost five billion, it is very bad,”
Perez announced at interview El Chiringuito, as reported byDiario AS
“When you don’t have any income beyond television, the best way of increasing revenue is playing more attractive games.
“That’s where we started working from. We came to the conclusion that with a midweek Super League instead of the Champions League, we’d be able to limit the loss of revenue.
“Something had to be done. Football is the only global sport. And these 12 teams have fans in every part of the world.”
UEFA have prepared an emergency meeting in the next 24 hours to consider future steps, with president Aleksander Ceferin for the remaining Champions League and Europa League matches this season.