JP Morgan confirms: “We will finance the Super League”

Addolorata 5 mins ago Breaking News 1 Views

Confirmation also arrives: JP Morgan will finance the Superlega. This was announced by a spokesman for the US financial giant, as reported by the Reuters agency.

“A spokesperson for JP Morgan confirmed their involvement in an email,” Reuters said. The rumors about the interest of the US bank they had already emerged in the past few months.

As for the figures, the 12 founding clubs explained in the official launch of the Superlega: “The new annual tournament will provide significantly higher economic growth and support for European football through a long-term commitment to pay solidarity contributions. without maximum ceiling, which will grow in line with the revenues of the league “.

“These solidarity contributions will be substantially higher than those generated by the current European competition and are expected to exceed € 10 billion over the course of the clubs’ initial engagement period. Furthermore, the tournament will be built on a sustainable financial basis with all the Founding Clubs adhering to a spending framework ”.

“In exchange for their commitment, the Founding Clubs will receive a one-off contribution of € 3.5 billion to support their infrastructure investment plans and to offset the impact of the Covid-19 pandemic.”

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