La Liga president Javier Tebas says Barcelona, Real Madrid and Atletico Madrid will not face sanctions for their attempt to break away with the Super League, a competition he pronounced "dead" even as two of the Spanish clubs offer some indication they hope to save the project.

The presidents Real Madrid and Barcelona have both refused to concede defeat on the 12-team competition, which has been in tatters since its six English members announced their withdrawal on Tuesday, less than 48 hours after the Super League's official unveiling. Despite Atletico Madrid and Inter Milan both announcing their intention to withdraw -- AC Milan stopped just short of doing so in a statement that indicated they were out -- Real Madrid chief Florentino Perez claimed late on Wednesday that the plan he had spearheaded was merely on "stand by", whilst his Barcelona counterpart Joan Laporta said "the project is still there".