JPMorgan Announced That They Were Wrong About The Super League

JPMorgan announced that they were wrong about the Super League. The US bank was going to give financial support to the European Super League project.

US bank JPMorgan made a statement after the European Super League project collapsed after fans and politicians reacted. JPMorgan expressed regret for supporting the teams that will participate in the European Super League project. In the statement, it was emphasized that the wrong evaluation was made about how this project will be perceived in the football public opinion and what kind of impact it will create, and it was stated that lessons will be learned from this process. According to a recent report from the Bloomberg, the bank would provide $ 4 billion in financing for the project. The first decision to withdraw from the project established with 12 giant clubs came from Manchester City. The remaining clubs also followed Manchester City and the project was finished before it started.

Fans Reacted Greatly

The biggest factor in the completion of the project was the reaction of the fans and football players. Liverpool team captain Jordan Henderson posted on Twitter, said, "We don't like it and we don't want it to happen." High profile players and coaches from other clubs also shared their reactions towards the establishment of the new league. In Chelsea, owned by Russian oligarch Roman Abramovich, hundreds of fans cheered and said "We want our Chelsea back!" At a match Tuesday evening, hundreds of fans gathered to protest the situation and chanted "We want our Chelsea back". According to Bloomberg's report, UEFA is negotiating with Centricus Asset Management for a 6 billion Euro financing package in order to prevent the Super League, which the world's most revenue generating football clubs decided to create as an alternative.     Source: Bloomberg HT