Friday, April 23, 2021 at 11:32 AM• Dominic Mostert • Last update: 11:34

JPMorgan Chase, the Super League’s main financier, is pulling his hands off the project. The American bank published a statement on Friday, in which it acknowledges that it made a wrong assessment. JPMorgan’s exit seems like the death knell for the Super League, after most of the twelve founding clubs has already withdrawn.

“It is clear that we have misjudged how this deal would fall in the broad football community and what impact the deal would have on this community. the plans. JPMorgan had set aside 3.25 billion euros to finance the project. That amount would be divided among the participating clubs.

On Thursday it became clear that JP Morgan has not made itself popular with the support of the project. Standard Ethics, an agency that assesses brands on the basis of sustainability, changed the bank’s rating from ‘satisfactory’ to ‘non-compliant’. The bureau is harsh on the clubs and the bank, which would have had no eye for sustainability; Standard Ethics is based on the guidelines of the UN, the OECD and the European Union.