The spectacular collapse of the proposed European Super League may feel like a victory for supporters who protested against the plans across the continent and outside English Premier League grounds but the top clubs are already plotting their next move.
"The project is on stand-by. The project exists, but half of them have left, tired of what they have heard over 24 hours, saying they don't want to continue," Real Madrid president Perez told Spanish radio station Cadena Ser.
When asked if it was wrong to think the breakaway competition was now dead, he added: "Absolutely".
UEFA president Aleksander Ceferin has praised UK Prime Minister Boris Johnson and his government for helping to force six English clubs to pull out of the breakaway Super League venture, saying they had taken the side of a fan revolt.
Ceferin said Johnson had recognised the anger of football supporters. Fans had protested outside grounds including at matches involving Liverpool and Chelsea.
"I find it very responsible from the Prime Minister of the United Kingdom to take a sharp stand on the side of the fans, not only because of the culture and love of football, but also because it ensures order in the country."