Liverpool are ready for a lengthy legal process as they attempt to cancel their European Super League agreement. Fenway Sports Group prompted indignity among Reds supporters when they confirmed on Sunday evening the club were one of 12 founding members in the proposed breakaway league. Fans voiced their fury on social media, with banners placed outside the Kop at Anfield on Monday. On Tuesday, the Reds confirmed their intention to step away from the project. Now Liverpool have started to take the first steps towards withdrawing from their agreement with the ESL, which club insiders admit is a "complex situation" due to the unprecedented nature of events. Real Madrid president Florentino Perez, who remains the head of the ESL, has stated the 12 clubs signed a "legally binding contract" and that nobody has officially left. It has been claimed each Premier League will lose up to £8million having bought equity stakes in the Super League to help create the competition's infrastructure.
Source: Liverpool ECHO/ *Join us on Telegram!/ Follow us on Twitter!