The US investment bank JPMorgan is apparently missing billions in profits due to the initially unsuccessful plans for a Super League in football.
The company, which is based in New York, wanted to provide the twelve founding members of the league with 3.5 billion euros, which each club should have repaid over 23 years with 264 million euros per year plus interest. That reported the news magazine The mirror.
Accordingly, JPMorgan could have booked 6.1 billion at the end of the deal.
On Friday, JPMorgan also admitted that the bank had not expected such a wave of rejection among fans. “We have clearly misjudged how this deal will be seen by the wider football community and how it could affect them in the future,” said a statement: “We will learn from it.”