Atletico Madrid are ready to walk away from the European Super League.

Diego Simeone's side were due to be one of 12 founding members of the new-look, elitist competition but they have become the first non-British side to pull out, according to multiple reports.

Atletico Madrid's withdrawal comes as Chelsea and Manchester City decided to U-turn on signing up for the hugely-controversial breakaway league.

The Spanish club, like their Premier League and Serie A counterparts, were roundly criticised for signing up to the competition.

La Liga released a damning statement on Atletico, Real Madrid, Barcelona and the other nine so-called Founding Clubs on Monday.

MADRID, SPAIN - FEBRUARY 23: General view inside the stadium as an Atletico Madrid shield is seen pitch side prior to the La Liga match between Club Atletico de Madrid and Villarreal CF at Wanda Metropolitano on February 23, 2020 in Madrid, Spain. (Photo by Gonzalo Arroyo Moreno/Getty Images)

“La Liga strongly condemns the recently published proposal for a breakaway, elitist European competition that attacks the principles of open competition and sporting merit which are at the heart of the domestic and European football pyramid,” reads La Liga’s statement.

“Today football fans across Europe can dream that their club, no matter the size, may excel, climb to the top and compete at the pinnacle of European football. La Liga defends this European tradition of football for all. The concept proposed by 12 European clubs destroys that dream, shutting the door to the top of European football, allowing in just an elite few.

“La Liga has a proud, 90-year history as an open, merit-based competition. Millions of fans around the world follow the 42 clubs of La Liga Santander and La Liga SmartBank. The success of our competitions has helped football to become a key contributor to the Spanish economy, accounting for nearly 1.4% of GDP and providing employment for nearly 200,000 people.

“The newly proposed top European competition is nothing more than a selfish, egotistical proposal designed to further enrich the already super rich. It will undermine the appeal of the whole game and have a deeply damaging impact on the immediate and future of La Liga, its member clubs, and all the entire footballing ecosystem.

“In addition, the breakaway league threatens the rest of Spanish sports to which, in the current season, La Liga will contribute more than 126 million euros as part of its agreement with the Spanish government and the Spanish FA.

“This destruction of the European football ecosystem will also ultimately cause the failure of this new competition and its participating clubs, which have built their success based on the achievement of sports titles and triumphs, which will now be more limited. We use all measures at our disposal and work with all stakeholders to defend the integrity and future of Spanish football in the best interests of the game.”

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