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JP Morgan-backed European Super League pushes club shares higher Renowned European clubs took the world by surprise when announcing their plan to create the Super League, putting in the spotlight not only the teams but also one of the world’s largest banks, JP Morgan. JP Morgan has confirmed that it will finance the new league with $6 billion, continuing its involvement in this field. In 2019, alongside other investors, it funded Real Madrid and multiple English clubs and the Everton stadium at Bramley-Moore Dock. According to the European Super League statement: “AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur have all joined as founding clubs,” and that “it is anticipated that a further three clubs will join ahead of the inaugural season, which is intended to commence as soon as practicable.” The announcement attracted criticism from football authorities, fans, and politicians. They consider the move to be driven only by financial reasons, undermining the sport’s integrity by creating a league meant only for elite clubs, leaving aside the current competitions that allow teams to qualify based on performance. UEFA and FIFA were quick to respond, stating that the member clubs and players could be banned from all competitions and the World Cup. Prime minister Boris Johnson and French president Emmanuel Macron joined the criticism, hinting that the Super League was “not good news for fans.” Despite people’s reaction, shares of Manchester United and Juventus surged on Monday. After opening on the New York Stock Exchange, the former’s stock price went up 9%, while the latter’s rose almost 19%. Sources: ft.com, independent.co.uk, reuters.com This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient. You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document. This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.
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६ वैशाख, काठमाडौं । युरोपका उत्कृष्ट १२ क्लबहरु मिलेर नयाँ फुटबल प्रतियोगिता युरोपियन सुपर लिग (ईएसएल) को घोषणा गरेका छन् । रियल मड्रिडका अध्यक्ष फ्लोरेन्टिनो परेजको प्रस्तावमा सुरुभएको नयाँ लिगको घोषणा भएको हो । सुपर लिगमा हाल इंग्ल्यान्डका ६ टिम म्यानचेस्टर सिटी, म्यानचेस्टर युनाइटेड, आर्सनल, चेल्सी, लिभरपुल र टोटेनहमले सहभागिता जनाउने भएका छन् । त्यस्तै स्पेनबाट बार्सिलोना, रियल मड्रिड र एट्लेटिको मड्रिड सहभागि हुने भएका छनभने इटालीबाट युभेन्ट्स, इन्टर मिलान र एसी मिलान रहेका छन् । प्रस्ताव अनुसार लिगको संस्थापक क्लबमा थप ३ क्लब थपेर १५ बनाइने समेत जनाइएको छ । लिगमा संस्थापक १५ क्लब र युरोपका लिगमा गरेको प्रदर्शनका आधारमा थप ५ क्लब गरी २० क्लबले प्रतिस्पर्धा गर्ने तयारी रहेको छ । तर, विश्व फुटबलको सर्वोच्च निकाय फिफा र युरोपियन फुटबलको सर्वोच्च निकाय यूईएफले भने ईएसएल खेल्ने क्लब र खेलाडीलाई प्रतिबन्ध लगाउने यसअघिनै उद्घोष गरि सकेको छ ।