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Chelsea were among the 12 clubs to confirm their plans to join the breakaway European Super League on Sunday evening, a move that has since sparked widespread condemnation across the football world.
There has been a massive backlash from fans, governing bodies, players and politicians, which has now caused the Premier League sides to back out.
The European Super League plans may have died an early death, after negative reaction has caused the Big Six Premier League sides to withdraw from the ESL.
Chelsea released a statement on Tuesday, confirming that the club will no longer be a part of the proposed project.
However, Manchester United legend Gary Neville who has been one of the biggest critics of the European Super League, has admitted that he is glad to see it crumble.
Gary Neville also revealed that he hopes that every club involved will be made to pay a fine of £100m to teach them a lesson, as he wants ESL chief Florentino Perez to slap all six Premier League clubs with the fine.
Asked for his reaction to the developments, Neville told Sky Sports: “Quite incredible. I think large concern yesterday morning waking up thinking, for me particularly as a United fan, that Joel Glazer had put his name on a statement.”
He added: “They haven’t backed down yet, but the fact that City have obviously enacted the withdrawal procedure and it looks like Chelsea are on the way, it’s done. It’s finished.
“And they’ll have their PR teams, communications teams scrambling around now trying to make this look as lovely as possible in the next 24 hours, working out what the right time is to withdraw from it.
“Perez might have them on a £100million fine. I hope so! I hope Perez has got them on a massive fine to withdraw, the lot of them. And I hope they basically end up eating each other.”