Real Madrid president, Florentino Perez who happens to be the first chairman of the European Super League has had to deal with a lot of criticisms over the new league.
According to Florentino Perez, they are trying to save football and give it another source of income since tragedy struck with the pandemic. He noted that the big clubs faced huge financial loss in the Covid-19 era.
Florentino Pere had a chat with El Chiringuito on Monday night where he explained the motive behind the new league.
He said: “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 700 m. This year instead of 900 m, let’s see if we get 600 m. In two seasons Real Madrid has lost 400 m.
“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.”
“UEFA worked in another format that, firstly, I didn’t understand it and secondly, it doesn’t produce the necessary income to save football,
“When I say save football I mean to save everyone, so that for the next 20 years at least we can live in peace. The situation is very dramatic. We believe this format can save football like the European Cup saved football in the 50s.” he added.