To get news directly on the go, download the Real Chelsea Fans App
Chelsea alongside 11 other clubs announced the creation of the European Super League over the weekend.
The other clubs are Manchester United, Manchester City, Arsenal, Tottenham Hotspur, Liverpool, Real Madrid, Atlético Madrid, Barcelona, Juventus, AC Milan and Inter Milan.
According to Real Madrid president Florentino Perez, who is also president of the European Super League, the new competition will save clubs financially.
“Many important clubs in Spain, Italy and the UK want to find a solution to a very bad financial situation,” Perez told Spanish media outlet El Chiringuito.
“The only way is to play more competitive games. If instead of playing the Champions League, the Super League helps the clubs to recover the lost earnings.
“Here at Real Madrid we’ve lost a lot of money, we are all going through a very bad situation. When there is no profit, the only way is to play more competitive games during the week. The Super League will save clubs financially.”