JP Morgan Inc says sorry and will learn lessons from European Super League flop
JP Morgan had arranged debt financing for the competition including underwriting loans of £4.3bn Most teams pulled out after fan protests US investment bank JP Morgan Inc (NYSE:JPM) has apologised for its role as the financier of the proposed European Super League (ESL) and said it 'clearly misjudged the mood of the European football public. The Wall Street giant had arranged a £4bn finance package to bankroll the project, but it collapsed within days of being announced due to a furious backlash from fans, players and politicians. In a statement, the bank said: "We clearly misju...