https://www.nytimes.com/2021/04/23/s...er-league.html
JPMorgan Chase apologized on Friday for its role in arranging billions of dollars in financing for a breakaway European soccer league, admitting in a statement that it had “misjudged” how the project would be viewed by fans.
JPMorgan Chase had pledged about $4 billion to underwrite the new league, but the American investment bank did not end up issuing it or losing any money: The league collapsed only 48 hours after it was announced, after more than half of its 12 founding clubs changed their minds and announced they would not take part.
