US bank JPMorgan finances ESL

Afp, London

20 April, 2021 12:00 AM printer

US bank JPMorgan finances ESL

US investment bank JPMorgan on Monday confirmed it is financing the breakaway Super League featuring 12 of Europe's top football clubs, which threatens to shake-up the world's biggest sport.

"I can confirm that we are financing the deal, but have no further comment at the moment," a bank spokesman said in a statement to AFP.

Each of the clubs from England, Italy and Spain will receive a one-off payment of 3.5 billion euros ($4.2 billion).

Six Premier League teams -- Liverpool, Manchester United, Arsenal, Chelsea, Manchester City and Tottenham -- are involved, alongside Real Madrid, Barcelona, Atletico Madrid, Juventus, Inter Milan and AC Milan.

The clubs were immediately accused of greed and cynicism and threatened with international exile.