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Manchester United, Juventus FC’s shares soar amid JPMorgan’s $5bn backing for European super league

Prime Minister Boris Johnson has criticised the new league

By

James Booth

Timo Werner of Chelsea is challenged by Ozan Kabak of Liverpool during the Premier League match between Liverpool and Chelsea at Anfield. Both teams have signed up to a new controversial European super league that JPMorgan have confirmed they are backing
Timo Werner of Chelsea is challenged by Ozan Kabak of Liverpool during the Premier League match between Liverpool and Chelsea at Anfield. Both teams have signed up to a new controversial European super league that JPMorgan have confirmed they are backing Photo: Getty Images

JPMorgan has confirmed reports that it is backing a proposed $5bn European super league that was announced late on 18 April, sending shares in Manchester United and Juventus soaring.

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur from England have signed up to the league alongside AC Milan, Atletico Madrid, Inter Milan, Barcelona, Juventus and Real Madrid.

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