Atlético Madrid

MANCHESTER, England — The European Super League collapsed on Wednesday as eight of the 12 founding members from England, Italy and Spain abandoned the breakaway project under massive pressure from fans, politicians, soccer officials and even the British royals.

Founder and Juventus chairman Andrea Agnelli told Reuters he was reluctantly calling time on the new league after six English clubs withdrew on Tuesday, with Inter Milan and Atletico Madrid following suit and AC Milan indicating they would too.

MANCHESTER, England — Manchester City started the process of withdrawing from the breakaway European Super League on Tuesday less than 72 hours after agreeing to join, with Chelsea also reported to be quitting in a major blow for the proposed new competition.

City confirmed they wanted to pull out while fellow English club Chelsea were reported by local media to be preparing the paperwork to leave a project backed by U.S. investment bank JP Morgan and headed by Real Madrid president Florentino Perez.

Unless you’ve been living under a rock for the past 24 hours, you're aware of the biggest disgrace in the history of this sport. 12 of Europe’s biggest clubs announced plans to create their own European Super League.

Fans, former players and others vehemently denounced the situation with some seeing the move as the beginning of the end for the sport.

Following are the ownership details and Champions League records of the 12 top European clubs who announced on Sunday the launch of a breakaway Super League, and similar details on Paris St Germain and Bayern Munich, two major European clubs not taking part in the Super League:

Who Would Be In European Super League?

ARSENAL

Barcelona have leapfrogged Spanish rivals Real Madrid to become the world's most valuable soccer club with a valuation of $4.76 billion, according to a list published by business magazine Forbes on Monday.

Real Madrid, who have topped the list five times in the past, edged Barcelona 2-1 in El Clásico on Saturday but find themselves second best off the pitch with a valuation of $4.75 billion.