JP Morgan, the company that was due to provide the €3 billion (£2.6bn/$3.6bn) loan required to fund the breakaway Super League has come out to admit its mistakes in the move.
The company recently revealed that it actually misjudged the reaction of fans, and they intend to learn from their mistakes.
According to JP Morgan, the case was one of wrong judgement regarding how the deal would be viewed by the wider football community, and how it might impact them in the future, so they take full responsibility.
A statement read, “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.”
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