The European Super League has officially been suspended after all six Premier League clubs announced their withdrawal on Tuesday.
On Sunday night, 12 European clubs pledged their support for the controversial breakaway competition that threatened to drastically change the football landscape in England and across the continent.
Six clubs from England - Manchester United, Manchester City, Chelsea, Liverpool, Spurs and Arsenal - had agreed to join the league, while three teams from Spain and Italy apiece - Real Madrid, Atletico Madrid, Barcelona, Juventus, AC Milan and Inter Milan - made up the remaining six places.
Since Tuesday's events, a statement from the group read:
"The European Super League is convinced that the current status quo of European football needs to change.
"We are proposing a new European competition because the existing system does not work. Our proposal is aimed at allowing the sport to evolve while generating resources and stability for the full football pyramid, including helping to overcome the financial difficulties experienced by the entire football community as a result of the pandemic.
"It would also provide materially enhanced solidarity payments to all football stakeholders."
The Super League also commented on events that unfolded in England, acknowledging that the withdrawal of the six clubs was due to 'pressure' applied over the past 48 hours.
"Despite the announced departure of the English clubs, forced to take such decisions due to the pressure on them, we are convinced our proposal is fully aligned with European law and regulations as was demonstrated today by a court decision to protect the Super League from third party actions.
"Given the current circumstances, we shall reconsider the most appropriate steps to reshape the project, always having in mind our goals of offering fans the best experience possible while enhancing solidarity payments for the entire football community."