One of the most powerful financial institutions in the world, the US investment bank JP Morgan Chase & Co. has withdrawn from the Super League program.
They explained from the banking giants: “Obviously, we made a wrong judgment about the situation.” The banking giants should have been the main investors in the apparently failed Super League, so why did they withdraw from the project.
According to the New York Times, JP Morgan Chase & Co should provide 3.5 billion euros in funding for the project, so that each founding club can receive 350 million euros in funding. This is more than four times the number of Champions League titles in 2020.
A spokesperson for the American banking giant told AFP a week ago: “I can be sure that we will fund a new competition, but so far, we have not been able to provide any explanation.” According to many foreign media reports, when When the Super League really overcomes all the obstacles to the start of the game, the club should get the promised funds.
Real Madrid, Barcelona, Atletico Madrid, Arsenal, Chelsea, Tottenham, Liverpool, Manchester City and Manchester United, Juventus, Milan and Inter Milan will all participate in this new competition.
They invited three other unnamed clubs to join their project, which will be managed by these 15 founders. Although it is not stated which country/region they are from, based on the results of the national championship before the undisclosed season, five more clubs will be eligible to participate in the league. The league is scheduled to start in August and the competition will take place within a week. The game will be played. Will continue to play the domestic championship.
Real Madrid chairman Perez was elected chairman of the Super League, Juventus chairman Agnelli Andre and Manchester United president Joel Glazer have been elected as vice chairman.