Tottenham Hotspur are the fourth club to officially withdraw from the European Super League less than 48 hours after confirming their participation in it.
“We can confirm that we have formally commenced procedures to withdraw from the group developing proposals for a European Super League (ESL),” the club said on their official website.
Chairman Daniel Levy said: “We regret the anxiety and upset caused by the ESL proposal. We felt it was important that our club participated in the development of a possible new structure that sought to better ensure financial fair play and financial sustainability whilst delivering significantly increased support for the wider football pyramid.
“We believe that we should never stand still and that the sport should constantly review competitions and governance to ensure the game we all love continues to evolve and excite fans around the world. We should like to thank all those supporters who presented their considered opinions.”