JP Morgan acknowledges that "misjudged" the impact of the Super League when deciding to support its financing

Controversy in European football

The entity assures that it did not measure the impact that the birth of the new competition would have on the world and promises to “learn” from the experience

Shields of the Superliga driving teams.

The american bank JP Morgan, which was going to finance the new football Super League, acknowledged this Friday that “juzg mal”the impact the birth would have from the new competition around the world and promised to “learn” from the experience.

“We clearly misjudge what this agreement will look like in the soccer community as a whole and how it will impact on it in the future. We will learn from this,” a bank spokesperson said in a statement sent to Efe.

JP Morgan had confirmed that it was willing to finance the Super League since its inception and was willing to put on the table a loan of 3.983 million euros to start the competition. However, the controversy generated by the project and the fleeting nature of its duration has forced the entity to rethink its position, least of all publicly.

The controversy arose at the beginning of the week, when 12 of the largest European football clubs presented, with nightlife and improvisation, a competition project in which they had assured the presence and control of the distribution and the resources that were generated.

At the head of the Super League will be the president of Real Madrid, Florentino Prez, Y Andrea Agnelli, president of Juventus. However, the scandal and the unleashed criticism caused the project to collapse in just 48 hours. The intervention of the British Prime Minister, Boris Johnson, and the protests of the English fans first caused the abandonment of the six British teams embarked on the initiative and with that it was technically deactivated.

However, both Florentino Prez and the president of Barcelona, ​​Joan Laporta, do not give up the idea for lost. The Madrid president assured yesterday that “the Super League has not disappeared, it is in standby“while his Catalan counterpart has advocated in the last hours for having” a position of prudence. It is a necessity, but the members will have the last word. The big clubs contribute a lot of resources and we must say ours regarding the economic distribution, “according to Laporta in statements to TV3


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