Breakaway European Super League founder and Juventus chairman Andrea Agnelli called time on the project on Wednesday after six English clubs withdrew and he blamed the involvement of politicians for the league's downfall.
Twelve of Europe's leading football clubs from England, Italy and Spain announced a breakaway league on Sunday but after 48 hours of intense criticism from fans and politicians the six English clubs backed out on Tuesday.
Asked whether the project could still happen following the departures, Agnelli told Reuters: "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.
"I remain convinced of the beauty of that project," said Agnelli, stating it would have created the best competition in the world. "But admittedly ... I mean, I don't think that that project is now still up and running."
Agnelli said other clubs were ready to join the new European league before the English sides left.
"I'm not going to say how many clubs contacted me in just 24 hours asking if they could join," he said, declining to name them. "Maybe they lied, but I was contacted by a number of teams asking what they could do to join."
Agnelli said he felt the British government's intervention, with Prime Minister Boris Johnson threatening legislation to stop the breakaway, had pushed the English clubs to withdraw.
"I have had speculation to that extent that if six teams would have broken away and would have threatened the EPL (Premier League), politics would have seen that as an attack to Brexit and their political scheme," he said.
Asked if he regretted the way the breakaway was conducted - which was heavily criticised by his former ally UEFA President Aleksander Ceferin - Agnelli referred to the nature of the football business.
"If you tell me other methods for putting together such projects ... if you were to ask the authorisation of others, I don't think you would have carried out a project like this.
"The relations are there, I have seen relations changing in time, some people I am quite sure that people will be open and talk to each other," he said.
"I don't think our industry is a particularly sincere, trustworthy or reliable one in general."
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
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