Connect with us


Bankrolling European Super League is an own goal for JP Morgan –

Investment bank boss Jamie Dimon’s support for football’s breakaway rebels betrays his lack of understanding of the sport



Article feature image

Its not as if the commercial logic for backing the project is that compelling – an interest rate of between 2pc and 3pc is hardly going to set the world of investment banking alight, and yet with the loan stretched over a 23-year period, JP Morgan is playing the role of investor as much as lender. 
The timing is questionable too, with plenty of evidence to suggest that football is in decline. Speak to any of the major broadcasters and they will tell you that they are looking to pay less, not more,…

Click here to view the original article.