Arsenal, Chelsea and Spurs to avoid threat of ‘losing billions’ after Barcelona joint statement

Chelsea, Arsenal, and Tottenham Hotspur have all reversed their decision to join a breakaway Super League.

However, the fallout from that decision rumbles on as UEFA have announced the disciplinary measures for nine of the teams involved.

The three London sides along with Manchester City, Manchester United, Liverpool, AC Milan, Inter Milan, and Atletico Madrid have all have signed a UEFA Club Commitment Declaration after backing down in their bid to form a new European competition.

Furthermore, they have agreed to sacrifice five percent of their European competition revenue and will also make a collective donation of around £13million to UEFA as part of a reconciliation agreement with the governing body.

Importantly, there will be no ban from UEFA competitions for the nine clubs, who have all rejoined the European Club Association (ECA).

However, there had been a major threat hanging over the London clubs and that was the prospect of being ‘losing billions of pounds’ for pulling out of the competition, as per The Telegraph.

With that said, a joint statement from Barcelona, Real Madrid and Juventus – the three clubs still pursuing the idea of the Super League – appears rule out the prospect of the nine clubs being sued.

“The 12 founding clubs also acknowledged that the Super League was a unique opportunity to offer fans around the world the best possible show and to reinforce global interest in the sport, which is not a “given” and is challenged by new generational trends,” a statement reads.

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“Moreover, one of its main objectives was to promote women’s football on a global level, a tremendous, but currently undervalued, opportunity for the sector.

“We regret to see that our friends and founding partners of the Super League project have now found themselves in such an inconsistent and contradictory position when signing a number of commitments to UEFA yesterday.

“However, given that the material issues that led the 12 founding clubs to announce the Super League weeks ago have not gone away, we reiterate that, to honour our history, to comply with our obligations towards our stakeholders and fans, for the good of football and for the financial sustainability of the sector, we have the duty to act in a responsible manner and persevere in the pursuit of adequate solutions, despite the unacceptable and ongoing pressures and threats received from UEFA.”

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