The newly-formed European Super League faces huge uncertainty as just 48 hours of its launch all six Premier League English clubs announced their withdrawal, followed by two Italian and Spanish clubs.

Manchester City was  the first club to back out of the European Super League and then Arsenal, Manchester United, Liverpool, Tottenham Hotspur and Chelsea announced their withdrawal. With widespread backlash from Football’s top administrative bodies, its global fan base and even heads of state, the six English Premier clubs decided to quit the league. Spanish club Atlético Madrid and Inter Milan of Italy also withdrew. According to sources, Barcelona and AC Milan were also in the process of ending their association.

The league, which was announced with 12 founding members, is being haeded by Real Madrid President Florentino Perez. It is now left with only Juventus and Real Madrid. Juventus Chairman Andrea Agnelli, one of he driving forces of European Super League, indicated that the league had no future with eight of the 12 clubs pulling out. “I remain convinced of the beauty of that project, of the value that it would have developed to the pyramid, of the creation of the best competition in the world, but evidently no. I don’t think that project is now still up and running.” Agnelli told Reuters.

The Super League issued a statement saying, “Given the current circumstances, we shall reconsider the most appropriate steps to reshape the project, always having in mind our goals of offering fans the best experience possible while enhancing solidarity payments for the entire football community.”