European Super League appears over as main backer JP Morgan withdraws funding

By Oliver Fisher -

It seems as though the Super League project is over before it even started as JP Morgan have now pulled funding, it has been announced.

On Sunday night, it was announced that 12 of Europe’s top clubs had launched the creation of a new ‘Super League’ which would replace the Champions League and that they would have control over.

Milan, Juventus and Inter were all involved from Italy as were Real Madrid, Barcelona and Atletico Madrid from Spain. Premier League sides Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Spurs were the other six.

On Tuesday things began to unfurl as Manchester City were the first to say goodbye, then all the other English clubs followed, while statements from Inter, Atletico Madrid, Milan and also Juventus arrived.

Now, it seems that the project is virtually dead in the water as the main backer – US bank JP Morgan – have distanced themselves from the competition.

“Clearly we have misjudged how this agreement would have been seen by the football community and what impact it could have had on them. in the future. We will learn from this,” they said (via Tariq Panja).

Tags AC Milan European Super League