The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Sideways: JPMorgan could plot a football financing comeback

As football fans enjoy an action-packed European Championship, JPMorgan is advancing its project to dominate global sport financing.

Photo: iStock

The US bank suffered ignominious defeat when its plan to provide $4 billion to finance a European Super League collapsed in April.

It drew some plaudits for a swift tactical reversal when it apologized for outraging football fans across Europe with a plan for a breakaway league of top clubs.

“We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future. We will learn from this,” the bank said.

There were questions about JPMorgan’s game planning, nevertheless.

Should Arsenal fan and European chief executive Viswas Raghavan take the blame as the midfield maestro closest to the action? Could his boss, JPMorgan president Daniel Pinto, have caught the mistake, as a banker from football-mad Argentina? Was ashen-faced global supremo Jamie Dimon even aware what his team were doing on the pitch and off?

The JPMorgan project rolls on and its finest minds are always thinking a few games ahead

A lesser bank might have retreated to nurse its wounds, but the JPMorgan project rolls on and its finest minds are always thinking a few games ahead and plotting a path to financing glory.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?