“We misjudged the impact of the Super League project”

by time news

AGI – Mea culpa of the US bank JP Morgan on the Super Lega project, of which it was the main financial promoter. We have “clearly misjudged” the impact of the project. “We clearly misjudged how this agreement would be viewed by the football community at large and how it would impact in the future. We will learn from this,” the bank wrote in a brief statement.

JP Morgan was ready to put his $ 3.5 billion pot to finance the start of a European football super league. The bank would have lent this money in the long term (23 years) at a rate of 2-3% to a dozen founding clubs, which would have received between 200 and 300 million each, to challenge each other, in what would in fact be transformed. in a sort of super-tournament alternative to the national and European league championships.

© Miguel MEDINA / AFP

Andrea Agnelli

Within 48 hours this week, the governing body of European football Uefa, aided by fans and politicians, forced most of the 12 English, Spanish and Italian clubs who presumed to be on their own to back off. Nine clubs, including all six English clubs, have gradually withdrawn from the project and, although Juventus, Barcelona and Real Madrid, whose president Florentino Perez led the attempt to secede, still formally refuse to capitulate, their proposal it no longer appears credible.

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