The chairman of one of the founding clubs of the breakaway European Super League has said the project can no longer go ahead.
Shortly after Agnelli’s statement, Spanish club Atletico Madrid announced that it would no longer be taking part in the breakaway league.
Asked whether the project could still happen following the exits, Agnelli replied: "To be frank and honest no, evidently that is not the case."
Agnelli said he remained convinced that European football needed change and he had no regrets about the way the breakaway attempt was made.
"But admittedly … I mean, I don’t think that that project is now still up and running," he said.
In a statement, Atletico Madrid said: "For this club, the harmony between all of the collectives that make up the rojiblanco family is essential, especially the fans.
"Atletico’s first-team squad along with the manager have shown their satisfaction with the decision with the understanding that the sporting merits have to come first above all other things."
Last night, Chelsea, Manchester City, Arsenal, Liverpool, Tottenham and Manchester United withdrew from the controversial competition, with Prime Minister Boris Johnson welcoming the exits as a "right result".
Manchester United’s executive vice-chairman Ed Woodward stepped down last night, while Liverpool owner John W Henry apologised to fans, club manager Jurgen Klopp and his players for the aborted Super League bid.
The teams announced their departures amid protests from fans and fierce criticism from former players and pundits.
"We were willing to take very very bold measures to stop this proposal going ahead," he said.
Mr Dowden added that it was "very important that we don’t see this as the end of the process", saying: "What this has highlighted more than ever is the need to look at the wider governance of football."
The plans of a breakaway league were announced on Sunday with 12 clubs, including the ‘big six’ in England forming a league, backed by funding from JP Morgan.
AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Liverpool, Manchester City, Real Madrid and Tottenham Hotspur were all revealed as founding members of the Super League, securing vast financial rewards for themselves at a time when profits have taken a hit.
The Super League’s chairman, Florentino Perez, has defended the plans, saying that it will "save football".
Manchester City was the first club to formally start withdrawal proceedings, with the other five clubs following suit last night.