The founding members of the European Super League will not have their punishments revoked after Uefa rejected a court order by a Spanish court.
The Premier League's 'big six', including Manchester City and Manchester United, formed part of a 12-club group that proposed a breakaway competition from Uefa.
The proposal was quickly abandoned by nine of the teams involved following mass fan protests, leaving only FC Barcelona, Juventus and Real Madrid remaining in the project.
Real president Florentino Perez, who has maintained that the European Super League is still alive, has gone down the legal route to ensure it can move ahead, claiming that the 12 clubs all signed binding contracts locking them into the breakaway.
The latest development in the story came last Friday, when a Madrid court made an order stating that Uefa must publish on its website that it will drop all financial and sporting penalties immediately.
Uefa have reportedly claimed that they will not carry out the order and are confident that they will be backed up by the European court, while they are also unconcerned by the possibility of a European Super League reboot, according to The Times.
“The Super League idea is dead,” a source told the newspaper. “The fans killed it and there is not going to be a resurrection.”
The nine clubs that backed out of the breakaway agreed to contribute €15m (£13m) to youth and grassroots football, and to forfeit five per cent of Uefa competition revenue for a single season, while the 'big six' also agreed to make a combined goodwill payment of just over £22m to support grassroots and community projects.
On the day of the court ruling, the three remaining European Super League clubs released a joint statement reaffirming their plans to develop a new competition.
It said: "Our aim is to keep developing the Super League project in a constructive and cooperative manner, always counting on all football stakeholders: fans, players, coaches, clubs, leagues, and national and international associations.
"We are aware that there are elements of our proposal that should be reviewed and, of course, can be improved through dialogue and consensus."
"We remain confident in the success of a project that will be always compliant with European Union laws."