The US bank JPMorgan announced this Monday that it has financed the project of the European Football Super League, promoted by 12 of the most powerful clubs in the world.
“I can confirm that we financed the operation,” a bank spokesman in London said in an email, although without further comment.
According to some information, the US bank JP Morgan Chase has agreed to finance the project together with Key Capital, a company linked to Borja Prado, Florentino’s regular collaborator. Key Capital would offer guaranteed income to Super League clubs of around € 360 million. The link between Key Capital and Real Madrid is Borja Prado, director, shareholder of the firm and personal friend of Florentino.
The founding clubs themselves announced that they will collectively receive a one-time payment of 3.5 billion euros dedicated solely to undertaking investment plans in infrastructure and offsetting the impact of the Covid pandemic.
The Superliga is promoted by 12 clubs confirmed as founders and in charge of governing it. They are three from LaLiga (Barcelona, Real Madrid and Atlético), the ‘Big Six’ of the English Premier (Manchester United, Manchester City, Liverpool, Arsenal, Chelsea and Tottenham) and three Italians (Juventus, Milan and Inter).