Are you 24 or older?

Help us verify your age by providing an honest response. This site contains gambling advertising for 24+.

Age-restricted content

You’re not old enough to view betting content. You’ll be redirected to the homepage.

alt
Live$50
This page contains affiliate links. When you purchase through the links provided, we may earn a commission.
Super League Liverpool Real Madrid Juventus blogGetty/Goal composite
Chris Burton

JP Morgan admits mistake in €3bn Super League deal as financiers vow to 'learn' from debacle

Premier League
LaLiga
Real Madrid
Barcelona
Manchester United
AC Milan
Inter
Juventus
Serie A
Tottenham Hotspur
Manchester City
Arsenal
Chelsea
Liverpool
Atletico Madrid

The American investment bank had been due to fund the European breakaway project, but have seen plans ripped up in dramatic style

Advanced protection across 11 devices with high-speed VPN
ExpressVPN

Advanced

Those that sign up for ExpressVPN's most popular plan, the Advance plan, gain access to a high-speed VPN, which offers high-capacity 40Gbps servers in many high-demand locations, with VPN servers in 113 countries worldwide.

The VPN can be applied across 12 different devices simultaneously, and offers Advanced Protection that blocks ads, trackers and malicious and adult websites. A dedicated IP is available to be purchased as an add-on.

Additionally, ExpressVPN's Advanced plan includes the ExpressMailGuard, which offers a 100MB/month private email relay plus 50 shared aliases and a custom domain, and ExpressKeys, which gives users a password management facility for an unlimited number of passwords plus a 2FA authenticator.

There is a 30-day money-back guarantee for new users. The plan is available on a one-month rolling contract, although those that sign up for a 12-month plan (offering one year plus an extra three months) can save more than 60%, while those that sign up for a two-year plan (offering two years plus an extra four months) can save 73%. Both longer-term plans include a 3GB holiday.com eSIM that is valid for three days in 150+ destinations.

Over 28 monthsSave 73%
Protect 14 devices with the top ExpressVPN plan
ExpressVPN

Pro

Those that sign up for ExpressVPN's top-tier Express Pro plan gain access to a high-speed VPN, which offers high-capacity 40Gbps servers in many high-demand locations, with VPN servers in 113 countries worldwide.

The VPN can be applied across 14 different devices simultaneously, and offers Advanced Protection that blocks ads, trackers and malicious and adult websites. A dedicated IP is included with the Express Pro plan.

Additionally, ExpressVPN's Advanced plan includes the ExpressMailGuard, which offers an unlimited private email relay plus an unlimited number of shared aliases and 20 custom domains, ExpressKeys, which gives users a password management facility for an unlimited number of passwords plus a 2FA authenticator, and ExpressAI, an AI assistant that offers 500 credits a day, six AI models, a web search facility plus 2GB storage.

There is a 30-day money-back guarantee for new users. The plan is available on a one-month rolling contract, although those that sign up for a 12-month plan (offering one year plus an extra three months) can save around 60%, while those that sign up for a two-year plan (offering two years plus an extra four months) can save 67%. Both longer-term plans include a 3GB holiday.com eSIM that is valid for five days in 150+ destinations.

Over 28 monthsSave 67%
Protect 10 devices with high-speed VPN
ExpressVPN

Basic

Those that sign up for ExpressVPN's entry-level Basic plan gain access to a high-speed VPN, which offers high-capacity 40Gbps servers in many high-demand locations, with VPN servers in 113 countries worldwide.

The VPN can be applied across 10 different devices simultaneously, and offers Lite Protection that blocks ads and malicious and adult websites. A dedicated IP is available to be purchased as an add-on.

Additionally, ExpressVPN's Basic plan includes the ExpressMailGuard, which offers a 10MB/month private email relay plus 10 shared aliases.

There is a 30-day money-back guarantee for new users. The plan is available on a one-month rolling contract, although those that sign up for a 12-month plan (offering one year plus an extra three months) can save more than 60%, while those that sign up for a two-year plan (offering two years plus an extra four months) can save 80%.

Over 28 monthsSave 80%
Advanced protection across 11 devices with high-speed VPN
ExpressVPN

Advanced

Those that sign up for ExpressVPN's most popular plan, the Advance plan, gain access to a high-speed VPN, which offers high-capacity 40Gbps servers in many high-demand locations, with VPN servers in 113 countries worldwide.

The VPN can be applied across 12 different devices simultaneously, and offers Advanced Protection that blocks ads, trackers and malicious and adult websites. A dedicated IP is available to be purchased as an add-on.

Additionally, ExpressVPN's Advanced plan includes the ExpressMailGuard, which offers a 100MB/month private email relay plus 50 shared aliases and a custom domain, and ExpressKeys, which gives users a password management facility for an unlimited number of passwords plus a 2FA authenticator.

There is a 30-day money-back guarantee for new users. The plan is available on a one-month rolling contract, although those that sign up for a 12-month plan (offering one year plus an extra three months) can save more than 60%, while those that sign up for a two-year plan (offering two years plus an extra four months) can save 73%. Both longer-term plans include a 3GB holiday.com eSIM that is valid for three days in 150+ destinations.

Over 28 monthsSave 73%
Protect 14 devices with the top ExpressVPN plan
ExpressVPN

Pro

Those that sign up for ExpressVPN's top-tier Express Pro plan gain access to a high-speed VPN, which offers high-capacity 40Gbps servers in many high-demand locations, with VPN servers in 113 countries worldwide.

The VPN can be applied across 14 different devices simultaneously, and offers Advanced Protection that blocks ads, trackers and malicious and adult websites. A dedicated IP is included with the Express Pro plan.

Additionally, ExpressVPN's Advanced plan includes the ExpressMailGuard, which offers an unlimited private email relay plus an unlimited number of shared aliases and 20 custom domains, ExpressKeys, which gives users a password management facility for an unlimited number of passwords plus a 2FA authenticator, and ExpressAI, an AI assistant that offers 500 credits a day, six AI models, a web search facility plus 2GB storage.

There is a 30-day money-back guarantee for new users. The plan is available on a one-month rolling contract, although those that sign up for a 12-month plan (offering one year plus an extra three months) can save around 60%, while those that sign up for a two-year plan (offering two years plus an extra four months) can save 67%. Both longer-term plans include a 3GB holiday.com eSIM that is valid for five days in 150+ destinations.

Over 28 monthsSave 67%
Protect 10 devices with high-speed VPN
ExpressVPN

Basic

Those that sign up for ExpressVPN's entry-level Basic plan gain access to a high-speed VPN, which offers high-capacity 40Gbps servers in many high-demand locations, with VPN servers in 113 countries worldwide.

The VPN can be applied across 10 different devices simultaneously, and offers Lite Protection that blocks ads and malicious and adult websites. A dedicated IP is available to be purchased as an add-on.

Additionally, ExpressVPN's Basic plan includes the ExpressMailGuard, which offers a 10MB/month private email relay plus 10 shared aliases.

There is a 30-day money-back guarantee for new users. The plan is available on a one-month rolling contract, although those that sign up for a 12-month plan (offering one year plus an extra three months) can save more than 60%, while those that sign up for a two-year plan (offering two years plus an extra four months) can save 80%.

Over 28 monthsSave 80%
Advanced protection across 11 devices with high-speed VPN
ExpressVPN

Advanced

Those that sign up for ExpressVPN's most popular plan, the Advance plan, gain access to a high-speed VPN, which offers high-capacity 40Gbps servers in many high-demand locations, with VPN servers in 113 countries worldwide.

The VPN can be applied across 12 different devices simultaneously, and offers Advanced Protection that blocks ads, trackers and malicious and adult websites. A dedicated IP is available to be purchased as an add-on.

Additionally, ExpressVPN's Advanced plan includes the ExpressMailGuard, which offers a 100MB/month private email relay plus 50 shared aliases and a custom domain, and ExpressKeys, which gives users a password management facility for an unlimited number of passwords plus a 2FA authenticator.

There is a 30-day money-back guarantee for new users. The plan is available on a one-month rolling contract, although those that sign up for a 12-month plan (offering one year plus an extra three months) can save more than 60%, while those that sign up for a two-year plan (offering two years plus an extra four months) can save 73%. Both longer-term plans include a 3GB holiday.com eSIM that is valid for three days in 150+ destinations.

Over 28 monthsSave 73%

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 admitted that it "misjudged" the reaction of supporters to the divisive proposal and vowed to "learn" from their mistakes.

A project that has been in the pipeline for several years was finally announced on Sunday as 12 leading sides from across Europe signed up to become founder members of a divisive competition.

Condemnation of the plans was swift and fierce, leading those involved to backtrack hastily to the point that the elaborate blueprint was ripped up inside 48 hours - leading those at the centre of talks on and off the field to issue grovelling apologies.

What has been said?

JP Morgan has now responded to criticism of its involvement, saying in a statement: "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.”

What deal did JP Morgan have in place?

The American investment bank had been lined up as the main financier of the Super League. Plans were put in place for a 23-year loan worth over €3bn.

The deal would have been one of the biggest and most lucrative in the history of sport, with suggestions JP Morgan could pull in around £2 million a week over the course of their agreement.

In the end, no money changed hands as pressure from supporters and sporting organisations around the world forced those involved to revise their plans.

The bigger picture

The 12 teams that signed up to the Super League plans were Manchester United, Liverpool, Chelsea, Arsenal, Tottenham, Manchester City, Barcelona, Real Madrid, Atletico Madrid, Juventus, Inter and AC Milan.

Prominent figures at the majority of those clubs, including the owners at Anfield and Emirates Stadium, have offered apologies to disgruntled fans, while Ed Woodward is walking away from his role as executive vice-chairman at Old Trafford.

Not every team has spoken out though, and Real president Florentino Perez, who was due to head up operations, has claimed that changes he believes are essential to the future of football have merely been put on hold.

Further reading

ENJOYED THIS STORY?

Add GOAL.com as a preferred source on Google to see more of our reporting

Follow GOAL on Google