Chairman Florentino Perez explains why Super League was created: Champions League lost it interest

The Real Madrid president and first Super League chairman says revenues have dropped during the pandemic and football needs to get more competitive to become profitable again.

"It’s the first time that I come to El Chiriguinto, and maybe the last," Florentino Perez said.

"The major clubs of England, Spain and Italy have to give a solution to the bad situation that football is experiencing.

"When you do not have income beyond the competition, you have the idea of making more competitive matches, with the Super League we would be able to mitigate the losses due to the pandemic. Real Madrid alone lost €400m this season.

"We came to the conclusion that by doing the European Super League instead of the Champions League we could alleviate the lost income (due to COVID).

"Football needs to change to be more attractive globally. Instead of making the Champions League because it lost interest as he had in 1950, change comes and even at the time FIFA and UEFA were against it. But that's how football changed."

The European Super League was founded by 12 clubs, including 5 sides from England. Florentino Perez is the competition's first chairman.

The plans have received major backlash from fans across the world but judging by Perez's words, the 'elite clubs' are quite sure of this idea being implemented.