US investment bank JPMorgan, which agreed to financially back the breakaway European football Super League, said Friday it had "clearly misjudged" the failed project's impact. "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," it said in a brief statement. To get the ball rolling, JPMorgan had agreed a pot 3.5 billion ($4.2 billion) to be shared among the first dozen teams to sign up plus another three clubs that had been expected to join them. UEFA meets on Friday with revenge on some members' minds following the attempted breakaway, while the fate of a handful of European Championship host cities is also on the agenda.

Source: News 24 April 23, 2021 09:22 UTC