Elite football teams unveiled the European Super League project

Por: Miguel A. Rodriguez

17:33, 21 April 2021

1618906848.png
JP Morgan-backed European Super League pushes club shares higher

Renowned European clubs took the world by surprise when announcing their plan to create the Super League, putting in the spotlight not only the teams but also one of the world’s largest banks, JP Morgan.

JP Morgan has confirmed that it will finance the new league with $6 billion, continuing its involvement in this field. In 2019, alongside other investors, it funded Real Madrid and multiple English clubs and the Everton stadium at Bramley-Moore Dock.

According to the European Super League statement: “AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur have all joined as founding clubs,” and that “it is anticipated that a further three clubs will join ahead of the inaugural season, which is intended to commence as soon as practicable.”

The announcement attracted criticism from football authorities, fans, and politicians. They consider the move to be driven only by financial reasons, undermining the sport’s integrity by creating a league meant only for elite clubs, leaving aside the current competitions that allow teams to qualify based on performance. UEFA and FIFA were quick to respond, stating that the member clubs and players could be banned from all competitions and the World Cup. Prime minister Boris Johnson and French president Emmanuel Macron joined the criticism, hinting that the Super League was “not good news for fans.”

Despite people’s reaction, shares of Manchester United and Juventus surged on Monday. After opening on the New York Stock Exchange, the former’s stock price went up 9%, while the latter’s rose almost 19%.

Sources: ft.com, independent.co.uk, reuters.com

Compartir este artículo

Esta información/estudio preparada por Miguel A. Rodriguez  no tiene en cuenta los objetivos específicos de inversión, la situación financiera o las necesidades particulares de una persona. El analista de estudios es, principalmente, responsable del contenido de este informe de estudio, en parte o en su totalidad, certifica que los puntos de vista sobre las compañías y sus valores expresados en este informe reflejan con exactitud sus puntos de vista personales, y como consecuencia, toda persona que actúe basándose en ellos lo hace bajo su propio riesgo.El estudio proporcionado no constituye los puntos de vista de KW Investments Ltd, ni es una invitación a invertir con KW Investments Ltd El analista de estudios certifica, además, que ninguna parte de su remuneración ha sido, es o será directa o indirectamente relacionada con recomendaciones o puntos de vista específicos expresados en este informe.El analista de estudios no está contratado por KW Investments Ltd Le animamos a buscar asesoramiento con un consejero financiero independiente con respecto a la idoneidad de la inversión, en virtud de otra participación separada, cuando considere oportuno que es conforme con sus objetivos específicos de inversión, su situación financiera o, sus necesidades financieras particulares antes de comprometerse a invertir..Las leyes de la República de Seychelles rigen cualquier reclamación relacionada o que surja por el contenido de la información/análisis proporcionado.