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How JP Morgan and Jamie Dimon scored a spectacular own goal on the ESL

“We arranged a loan for a client. It’s not our place to decide the optimal way for football to operate in Europe and the UK,” he said in the interview which was recorded on Tuesday 20 April but not broadcast until Friday. But after the deal collapsed on Wednesday, Pinto said: “It is clear we misjudged the magnitude of feeling that this deal would create, and we will learn from this experience as a company. In the end, football fans were heard loud and clear, and that’s what matters most.” While Pinto insisted the deal would not hit the bank’s reputation, the independent rating agency Standard Ethics begged to differ and downgraded JPM’s sustainability rating and said the bank’s actions were “contrary to sustainability best practices”. Its corporate rating from reduced from “adequate” to “non-compliant”.

European Super League: JP Morgan PULLS its £3 5BILLION backing

JP Morgan have pulled out their £3.5billion backing of the European Super League after plans for a breakaway competition fell through this week. The Premier League Big Six were the first to withdraw from the Super League on Tuesday evening, just 48 hours after they formed half of the founding members of the new competition. Protests from fans and pundits around the country at grounds and on social media eventually forced Manchester City, Manchester United, Arsenal, Liverpool, Chelsea and Tottenham to pull out.  Atletico Madrid and clubs in Italy have since pulled out of the controversial breakaway too, though Real Madrid and Barcelona have failed to bow to pressure and remain part of the league.

The Implosion of the Super League Offers a Master Class in How to Treat Your Stakeholders

The Implosion of the Super League Offers a Master Class in How to Treat Your Stakeholders Apr 23, 2021 In the long term, it may not rank in epic infamy like New Coke, the 1983 NBC series Manimal  or the Fyre Festival, mostly because the drama that swirled around the 72-hour life of Super League crashed almost as quickly as it soared. Nevertheless, the ploy by several of Europe’s wealthiest soccer teams to replace or at least rival the continent’s Champion League was more than a massive public relations blunder – it also affected a major global bank that was poised to profit from the scheme.

JPMorgan admits it misjudged backing European Super League

JPMorgan admits it misjudged backing European Super League
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