JP Morgan to finance breakaway Super League

A spokesman for JP Morgan said in an email that its involvement with the new league which has been set up as a rival to UEFA's Champions League and includes clubs such as Real Madrid and Manchester United.

JP Morgan on Monday said that it was financing the new breakaway Super League, announced by 12 of Europe's biggest soccer clubs on Sunday.

Soccer Football - La Liga Santander - FC Barcelona v Osasuna - Camp Nou, Barcelona, Spain - July 16, 2020 General view inside the stadium before the match, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) REUTERS/Albert Gea(REUTERS)

A spokesman for JP Morgan said in an email that its involvement with the new league which has been set up as a rival to UEFA's Champions League and includes clubs such as Real Madrid and Manchester United.