JPMorgan said on Friday it regretted supporting soccer clubs in launching a breakaway European Super League after the plan collapsed earlier this week due to a storm of protest from fans and politicians. We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future, a representative for the bank said. We will learn from this.
JPMorgan provided a 3.5 billion euro ($4.2 billion) grant to the founding clubs to spend on infrastructure and recovery from the impact of the COVID-19 pandemic. The bank was the sole lender to the new soccer competition which was masterminded by Real Madrid s president Florentino Perez.