European Super League collapsing as all six English clubs withdraw

Re:European Super League collapsing as all six English clubs... by Tomte on Wednesday April 21, 2021 @03:39AM (#26886488)

3.5 billion from J.P. Morgan for a start, and in the future all those T.V. rights (no need to share money with the lesser clubs), many more matches (ESL proposed a league system as a first round, so many more games), and all kinds of merchandising and...

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Re:European Super League collapsing as all six English clubs... by creshal on Wednesday April 21, 2021 @03:41AM (#26886500)

So cannibalising all smaller clubs to make the big ones bigger, to the sole benefit of shareholders.

I think I won't mind this scheme collapsing.

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Re:European Super League collapsing as all six English clubs... by vosper on Wednesday April 21, 2021 @03:49AM (#26886538)

As Matt Levine pointed out today, the JP Morgan money is a loan with a 2-3% interest rate. They worded it in a really weird way, presumably for PR reasons, but it was just a loan

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Re:European Super League collapsing as all six English clubs... by Tomte on Wednesday April 21, 2021 @03:52AM (#26886562)

I think it's obvious that J.P. Morgan won't simply donate the money. I had assumed they'd take an ownership stake, but the loan makes more sense. Thanks for that info!

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