Real Madrid president Florentino Perez defended the idea of a European Super League on Saturday, saying it was the only way to enforce tighter financial controls on teams as UEFA’s financial fair play (FFP) model plays into the hands of clubs backed by sovereign states.

Twelve big European clubs said in April they planned to form a breakaway league, but the plan imploded within days following the withdrawal of the six English clubs involved and then Atletico Madrid, AC Milan and Inter Milan.

Only Barcelona, Real Madrid and Juventus continue to support the plan.

“It is a project that will at last implement financial controls which are strictly respected and prevent the increasing proliferation of unacceptable situations in which clubs receive indiscriminate financial support from states or other sources,” Perez told a Real Madrid general assembly meeting.

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