The US investment bank JPMorgan Chase & Co. is one of the most powerful financial institutions in the world and has withdrawn from the Super League program.
They explained from the banking giants: “Obviously, we made a wrong judgment on 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, JPMorgan Chase & Co. originally planned to use 3.5 billion euros to fund the project so that each founding club can get 350 million euros to join the league. 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 the Super League has really overcome all the obstacles to the start of the game, the club should get the promised funds.
Players from UEFA and UEFA Champions League will participate in this new elitist and almost closed competition: Real Madrid, Barcelona, Atletico Madrid, Arsenal, Chelsea, Tottenham, Liverpool, Manchester City and Manchester United, Juventus, Milan And Inter Milan.
They invited three other unnamed clubs to participate in a project run by 15 founders. According to the results of the national championship before the starting season, there are five more clubs that will be eligible to participate in the league, but it is not stated which country they are from. The league was originally scheduled to start in August. The game will last for a week, and the club will continue to play for the domestic championship.
The real chairman Florentino was elected chairman of the Super League, Juventus chairman Agnelli Andre and Manchester United president Joel Glazer have been elected vice presidents.
However, the fierce reactions of the clubs that established the Super League, the state governments, UEFA, FIFA and the public’s fans, huge pressure and public threats have delayed the project to undermine the Champions League for some time.
This is why UEFA threatened to exclude the Premier League from the national championship and threatened players from those clubs to ban the national team.
For all these reasons, only 48 hours after the announcement of the start of the Premier League, all six English clubs withdrew on Tuesday. A day later, Atletico, Inter Milan and Milan did it.
The Super League only fell on Real Madrid, Barcelona and Juventus, but now they do not have the only support. This is also the reason for the start of the project, which is a huge sum of money.