JP Morgan admit they ‘misjudged’ the Super League and ‘how the wider football community would view the deal.’
The American investment bank was supposed to finance the Super League, launched on Sunday, but collapsed within 72 hours.
Premier League clubs were the first to withdraw from the competition on Tuesday night, followed by Atletico Madrid and Inter on Wednesday morning.
JP Morgan admit they ‘misjudged’ the Super League and ‘how the wider football community would view the deal.’
The American investment bank was supposed to finance the Super League, launched on Sunday, but collapsed within 72 hours.
Premier League clubs were the first to withdraw from the competition on Tuesday night, followed by Atletico Madrid and Inter on Wednesday morning.
Juventus and Milan released official statements but didn’t explicitly say they pulled out of the competition, while Florentino Perez insisted the project hasn’t fallen apart.
JP Morgan seem to have now withdrawn from the project too.
“We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future. We will learn from this,” a spokesperson said.