Super League backer JPMorgan says ‘clearly misjudged’ football impact


London (AFP) – US investment bank JPMorgan, which agreed to financially back the breakaway European football Super League, said Friday it had “clearly misjudged” the failed project’s impact.

“We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future. We will learn from this,” it said in a brief statement.

To get the ball rolling, JPMorgan had agreed a pot 3.5 billion euros ($4.2 billion) to be shared among the first dozen teams to sign up plus another three clubs that had been expected to join them.

But in the space of 48 hours this week, European football’s governing body UEFA, aided by fans and politicians, quelled a mutiny by the English, Spanish and Italian clubs who presumed to form their own quasi-closed tournament.

Nine clubs, including all six in England, subsequently withdrew and even if Juventus, Barcelona and Real Madrid, whose president Florentino Perez led the attempted secession, are still refusing formally to capitulate, their proposal no longer looks credible. 

UEFA meets on Friday with revenge on some members’ minds following the attempted breakaway, while the fate of a handful of European Championship host cities is also on the agenda.

25+ Channels With Sports & News
  • Starting price: $33/mo. for fubo Latino Package
  • Watch Premier League, Liga MX, MLS & World Cup
  • Includes ESPN, FOX, Univision, TUDN and more
Favorite Leagues At The Best Price
  • Starting price: $7.99/mo. for Live TV Package
  • Watch Argentine league, Brasileirāo and Copa Libertadores
  • Includes beIN SPORTS, GolTV, TyC Sports and more
Many Sports & ESPN Originals
  • Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
  • Features LaLiga, Bundesliga, MLS, Copa del Rey & more
  • Also includes daily ESPN FC news & highlights show
Live TV, Soccer & Originals
  • Starting price: $4.99/mo.
  • Features Champions League, Serie A, Europa League & more
  • Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
  • Starting price: $4.99/mo. for Peacock Premium
  • Watch 175 exclusive EPL games per season
  • Includes Premier League TV channel plus movies, TV shows & more
Get All 3 And Save 30%
  • $13.99/mo. for ESPN+, Disney+ & Hulu
  • Includes Bundesliga, LaLiga, NHL & the home to UFC
  • Features Marvel, Star Wars + shows & movies for your entire family

One Response

  1. Don Dickerson April 23, 2021

Leave a Reply

Translate »