JP Morgan To Finance European Super League After Inter & Others Confirm Breakaway, Report Reveals

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JP Morgan has confirmed it will finance Europe’s new breakaway Super League, according to a report from an international news agency.

Reuters (via Calcio e Finanza) reported that a spokesperson for the US investment bank had confirmed the news to them via an e-mail, following rumours about their involvement in the last few months.

Inter are one of 12 leading European clubs who have confirmed they will be founders of the new league, along with fellow Serie A giants AC Milan and Juventus.

The league also includes six Premier League clubs – Manchester City, Manchester United, Arsenal, Tottenham, Chelsea and Liverpool – and three La Liga teams, namely Barcelona, Real Madrid and Atletico Madrid.

20 teams will participate in the Super League, as per an official statement last night, with 15 founding clubs and five clubs who qualify for the tournament each year via league position.

The Super League is expected to hold matches in midweek while the teams continue to take part in their respective league competitions at weekends.