I really hope this is true. If City and Chelsea stepped back at least it might buy some time to allow UEFA and the Cartel to get round the table. Let's face it this is like a verbal nuclear war. There will be no winners.
I am all in favour of a shake-up of the way European Football is organised but this situation needs some calm heads. If both City and Chelsea stepped up they would be accused of doing a U-turn but equally they could be seen to be showing proper leadership if they took the peacemaker role. It takes courage to change your mind in public but it is not too late to resolve this situation. Even UEFA must realise their 2024 plan is a pile of bollocks and three years too late. Covid means change must happen more quickly.