European Super League, a newly formed project which was initially joined by six Premier League teams is now facing a huge blow as all the six clubs have now withdrawn from the competition.
League leaders, Manchester City were the first club to pull out after Chelsea had signalled their intent to do so by preparing documentation to withdraw.
The other four sides – Arsenal, Liverpool, Manchester United and Tottenham – have all now followed suit.
The 12-team Super League which was announced on Sunday to widespread condemnation said it would reconsider “the most appropriate steps” to reshape the project.
What did each club say?
The Arsenal board said they did not intend to “cause such distress” and that they joined the Super League because they “did not want to be left behind” and wanted to ensure the club’s future.
“Our aim is always to make the right decisions for this great football club, to protect it for the future and to take us forward,” they added.
“We didn’t make the right decision here, which we fully accept.”
Manchester United said that they “remain committed to working with others across the football community to come up with sustainable solutions to the long-term challenges facing the game“.
Liverpool said the club had “received representations from various key stakeholders, both internally and externally” before reaching their decision and thanked them for their “valuable contributions”.
Levy said that Tottenham felt it was “important” to take part in “a possible new structure that sought to better ensure financial fair play and financial sustainability whilst delivering significantly increased support for the wider football pyramid“.
He added: “We should like to thank all those supporters who presented their considered opinions.“
Chelsea said that after having had “time to consider the matter fully” they had decided that their “continued participation in these plans would not be in the best interests of the club, our supporters or the wider football community“.
Manchester City said they have “formally enacted the procedures to withdraw from the group developing plans for a European Super League“.