US bank’s involvement in ESL funding prompted sustainability downgrade for ethical performance
JP Morgan Chase has said it misjudged its decision to bankroll football clubs’ failed attempt to create a breakaway European Super League, after a huge backlash from fans and politicians.
The US bank had financed a €3.25bn (£2.8bn) funding package for the plan, which would have seen 15 European teams, including six of the biggest in England, given permanent places in an annual competition.
