JP Morgan commits €3.25bn to getting breakaway competition off the ground
The 12 football clubs that have signed up to a European Super League breakaway competition have each been promised a €200m-€300m “welcome bonus” by JP Morgan Chase, the US investment bank financing the controversial project.
The Wall Street giant said on Monday it has committed €3.25bn to getting the new league off the ground and it would be shared among the clubs when the new competition begins.
Plans for a European Super League would be very damaging for football and we support football authorities in taking action.
They would strike at the heart of the domestic game, and will concern fans across the country. (1/2)