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JP Morgan ‘misjudged’ football fans over European Super League
JP Morgan Chase has said it misjudged its decision to bankroll football clubs’ failed attempt to create a breakaway European Super League, after a huge backlash from fans and politicians. The US bank had financed a €3.25bn (£2.8bn) funding package for the plan, which would have seen 15 European teams, including six of the biggest in England, given permanent places in an annual competition. A JP Morgan spokesperson said: “We clearly misjudged how this deal would be viewed by the wider football community and how it might affect them in the future. We will learn from this.” The plan was announced on Sunday ... (full story)