Fiorentino Perez says European Super League will save football

President of Real Madrid, Fiorentino Perez has lifted the lid on the recent European Super League competition being criticized by football pundits and especially in England saying, it is designed to save football.

According to the Spaniard, the breakaway league is one of the greater means to save football clubs from the costs they have incurred since the coronavirus following the honouring of football matches behind closed doors.

Top European clubs including Real Madrid and Barcelona had to compel players to take pay cuts and top Premier League clubs growing immune to the financial chaos.

Manchester United reported losses of £28m whiles other elite clubs saw their profits squeezed.

Fiorentino Perez told that the European Super League will help overcome the crises they find themselves in as compared to the UEFA Champions League new format which “nobody understands.”

"One of the things we are doing this for is to save football, to save football in general," Florentino Perez said.

"We will try to start as soon as possible. We are going to talk to UEFA and FIFA; I don't know why they would be angry.

"When I say save football, I mean save everyone. They have presented a format that nobody understands, and they say they are going to start in 2024... in 2024 we are dead.

"There are clubs that have lost hundreds of millions. Between all of us, we have lost five billion [euros]. Madrid, in just two seasons, 400 [million euros]. That the new format starts in 2024 is absurd."

He discussed that the European Super League is the only solution to alleviate clubs from their financial miseries.