According to Sky Sports, the other nine clubs involved in the foundation of the European Super League will no longer have to pay any fines.
Earlier this year, several European clubs from the Premier League, the Spanish league and the Italian league came together to form the European Super League. Still, the idea was disbanded after massive protests from footballing authorities and fans across the globe.
Premier League giants like Liverpool, Arsenal, Chelsea, Manchester City, Manchester United and Tottenham backed out of the competition immediately after the backlash from fans on social media and in public.
They were threatened with a points deduction and potential relegation as well.
However, the likes of Barcelona, Real Madrid and Juventus maintained that they are still optimistic about the formation of the competition. They were threatened with legal action and expulsion from the Champions League because of their actions.
It seems that the footballing authorities have now backed out on their original decision, and the founding members of the European Super League will face no consequences.
Florentino Perez has maintained that the European Super League is an inevitability in the near future, and it will be interesting to see how the situation evolves.
The European Super League was expected to be a major money-spinner, and it would have helped clubs like Barcelona, who are in massive debt.
As of now, the idea has been disbanded but there is no reason why the founding members cannot resurrect their plans in the near future. The fact that they have gotten away with just a slap on the wrist could give them encouragement about repeating their actions.