JUST IN: Arsenal to earn up to €350m as JP Morgan confirmed as Super League financers

JUST IN: Arsenal to earn up to €350m as JP Morgan confirmed as Super League financers
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  • The American investment bank has confirmed that it will be financing the league.
  • JP Morgan are ready to pump in as much as €6bn in finance debt to help the league prosper.
  • Arsenal could receive more than three times the money participating in the Super League than they did from the Champions League.

JP Morgan has confirmed that they will be taking up the responsibility of financing the Super League, as per Sky Sports.

It’s being said that the well-known American investment bank are ready to pump in as much as €6bn in debt to help finance the league.

Each of the founding clubs of the league could receive from anything between €100m to €350m– ensuring big money for Arsenal just for taking part.

The Gunners are predicted to receive around €200m a year from participating, more than triple of the €50m-€60m they received from participating in the Champions League.

Arsenal have been given a stern warning that they could be banned from both the Premier League and UEFA competitions if they go on with playing in the Super League.

Source: Sky Sports

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