A US bank will finance the European Super League

Hour by hour, the scandal with his creation grows and in the last hours very important information on the subject was known. The US bank JP Morgan announced on Monday that it will be in charge of financing the European Football Super League project, which was backed by a dozen of the continent's most powerful clubs, and which generated a serious controversy with FIFA and UEFA.

The information was confirmed in London by a spokesperson for that financial institution to the AFP news agency. The Super League project launched by the "big clubs" with the aim of supplanting the prestigious Champions League, was considered a "declaration of war" to which UEFA threatened to exclude dissident teams and their players.

"The future of football in Europe, shaken by the Covid-19 pandemic, thus sees its pyramidal system of redistribution of television income between the Champions League - the star competition so far - and the national leagues called into question," he underlines the news. Of the 12 clubs that promote the tournament, six are from the English Premier League and Barcelona, Real Madrid and Atlético of Madrid, among others, also joined.

The Super League project caused a wave of repercussions, including among fans, but also in political circles since the contest would be contrary to the European values of "diversity" and "inclusion", said Margaritis Schinas, vice president of the European Commission, on twitter. For his part, British Prime Minister Boris Johnson called the proposal "very damaging to football."