The dastardly duo of Florentino Perez and Andrea Agnelli showed a complete lack of humility in the European Super League proposal … they thought they could tell football what was going to happen – and English football told them to THINK again
- The European Super League was suspended after the English clubs withdrew
- Idea was the brainchild of Florentino Perez with support from Andrea Agnelli
- The couple came up with a fantasy demography to justify their outrageous cash grab
- Real Madrid president Perez has enough media backing to recover from this
- But the pair have broken bridges with UEFA president Aleksander Ceferin
Too bad all those poor uninterested young people are no longer keen on football because there aren’t enough deadly Arsenal vs Inter Milan matches on television – they will struggle to get over the death of the European Super League.
Or instead, direct your condolences to Florentino Perez and Andrea Agnelli, the presidents of Real Madrid and Juventus, who invented this fantasy demography to justify their outrageous cash grab.
Perez had his media appearances well planned after the ESL showed their hand on Sunday. Consecutive spots would appear on popular nighttime television and radio programs.
Protests from Stamford Bridge on Tuesday caused English clubs to withdraw from the ESL
Real Madrid president Florentino Perez (left) and Juventus chef Andrea Agnelli (right) have an egg on their faces
But he went from declaring that football would be dead by 2024 if he didn’t make it, to canceling his follow-up radio appearance in just 24 hours.
The radio show host said Perez did not show up because he spoke to the other club presidents. That suggested to the listeners that there were last-minute attempts to talk people around – but it soon became clear that it was more about drafting the harm reduction statement.
This will now be dressed up as Perez who was the brave innovator abandoned by his cowardly co-conspirators who backed out at the first sign of trouble. He has enough media support in Spain to wash off with some.
Agnelli’s comeback may be more difficult. Like Perez, he burned the bridge with Aleksander Ceferin, but unlike his Spanish counterpart, he could find a much more brutal crowd at his own club and their rivals in Serie A.
Perez’s presidency is unquestionable. He was always well-cast as the driving force behind the plan to destroy football’s inherent meritocracy and replace it with a closed shop due to his expertise in Madrid getting to the top and then moving up the ladder.
In 2012, he made an amendment to Article 40 of Real Madrid’s bylaws, increasing the number of years it took presidential candidates to be a club member from 10 to 20, and determined that the 15 percent of the club budget needed as a deposit to be paid. come exclusively from their personal wealth.
He has since won three elections without opposition.
The last of these was earlier this month, giving him a new mandate until 2025, which will continue unimpeded by this failed revolution, funded by the same American investors who are helping to finance the construction of Real Madrid’s new stadium.
Perez’s presidency is not in question, but he and Agnelli have burned bridges with UEFA president Aleksander Ceferin (right)
It is the cost of that rebuilding and the devastating financial fallout from the pandemic that accelerated Perez’s attempt to penetrate the idea of the Super League.
The Madrid stadium should be ready at the beginning of 2023. The club has taken out huge loans to pay for it. How can they be repaid with revenues now spilling out due to losses of £ 258 million from closed stadiums and no football tourism?
In April 2019, Real Madrid secured loans worth £ 495 million from JPMorgan, among others. The club went further into debt last December, borrowing an additional £ 137 million as the original deal had to be refinanced due to how the pandemic had changed the economic landscape.
Real Madrid is rebuilding their Santiago Bernabeu stadium, which should be ready in 2023
The loans are gambling, but Perez has always speculated to pile up and a new reckless urgency was discovered, exemplified by his ‘end of days’ rhetoric about football’s impending death.
His role as chairman of Spain’s largest construction company, ACS, means he deftly moves through the complex world of US investment banking, and with the US owners of Liverpool, Manchester United and Arsenal, Perez found himself with invaluable allies in the Premier League.
It was no surprise that they were the last to walk away.
If the Glazers at Manchester United, the Fenway Group of Liverpool and the Kroenke family had not been as aware of their responsibilities as gatekeepers of such institutions, and not so far from the predictable reactions of their own fans, players and coaches , they would have been. able to warn Perez and Agnelli of the dangers of so boldly declaring their independence on Sunday night.
The Glazers at Man Utd and John W Henry at Liverpool have since withdrawn from the ESL
Stan Kroenke at Arsenal was unaware of his responsibility as a gatekeeper to a proud institution
In the aftermath of the fiasco, it was widely noted in Spain that one of Perez’s biggest mistakes was the complete lack of humility in the Super League proposal.
He and Agnelli told football what was going to happen.
And football, especially English football, told them to think again.