U.S. investment bank JP Morgan is behind the new super league

On Monday, JP Morgan confirmed to CNN that it was funding a proposed new European Super League escape option.

A company spokesman confirmed the news via email, but declined to comment on the deal.

The planned competition is the most significant update to top European football in recent times and is considered a direct competitor in the UEFA Champions League competition.

According to the Premier League, the new league will ruin the dreams of football fans

The European Super League plan also threatens to complicate the relationship of 12 clubs with national leagues.

The English Premier League, the world’s largest collection of football leagues, condemned the Super League plan as a blow to the aspirations of millions of fans who support smaller clubs in England and elsewhere in Europe.

Under the current playoff and promotion rules, any club may one day hope to compete against power plants.

Fans of any club in England and across Europe can currently dream of their team’s ability to rise to the top and play against the best. We believe that the concept of the European Super League will ruin this dream, “the Premier League statement said.

“It is clear that this is damaging to English and European football at all levels and affects the principles of open competition and sporting merit that are essential to competition,” says a statement from the English Football Association that oversees something in the sport’s oldest and hidden leagues, the FA Cup.

Super League traffic has been planned by the governing bodies

It is fair to say that the initial reaction to the European Super League has been overwhelmingly hostile.

FIFA stated that they did not recognize the outbreak organization and went so far as to say that “no club or player participating in such a competition will therefore be allowed to participate in a competition organized by FIFA or similar federations”.

It includes the best international football competition, the World Cup, held every four years; The Champions League, which now brings together the best clubs in Europe every year, and regional competitions such as the European Championships or the Africa Cup of Nations.

In a statement issued by UEFA on Sunday, they referred to a previous FIFA statement stressing that Super League clubs “are banned from playing in other competitions at national, European or global level and their players are denied the opportunity to play. Teams.

“Irresponsible for irreversible damage to European football”

There is something striking in the so-called European Super League that does not include clubs, especially Paris Saint-Germain, a semi-finalist in Munich’s Bayern and Champions League.

Christian Seifert, CEO of the German Football Association (DFL), says his organization runs counter to the concept of the European Super League.

As a result, financial interest in a few top clubs in England, Italy and Spain should not lead to the elimination of established structures in European football, Seifert said in a statement.

Seifert added that “it would be irresponsible to irreversibly damage national leagues as the basis of European professional football”.

On Monday, JP Morgan confirmed to CNN that it was funding a proposed new European Super League escape option.

A company spokesman confirmed the news via email, but declined to comment on the deal.

The planned competition is the most significant update to top European football in recent times and is considered a direct competitor in the UEFA Champions League competition.

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