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.

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.

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