How American Money Controls European Football 🇺🇸 💰
JP Morgan and Goldman Sach's plans don't stop with the Super League.
JP Morgan is ready to takeover football.Â
The American bank has just set up a special unit devoted to helping investors purchase sports franchises. Six months ago, Goldman Sachs did exactly the same thing.Â
Traditionally, sport was relatively small business in the investment world. An ego purchase for wealthy individuals looking to diversify their portfolio. Today, JP Morgan and Goldman Sachs are going on a spending spree, and football is their main focus.
The renovated Santiago Bernabeu ($1.5B)Â
The new Camp Nou Stadium ($1.6B)Â
The sale of Chelsea ($3.2B)Â
Sir Jim Ratcliffe’s partial purchase of Manchester United ($1.6B)Â
All of these recent investments have involved either JP Morgan or Goldman Sachs. They are brokering deals, finding investors and loaning the money.Â
These banks now have a significant influence over how these clubs are run. Anyone wondering what that influence could look like should cast their mind back to October 2021, and the failed Super League. A project funded by JP Morgan.Â
In this week’s video, we discover how the big banks are taking control of football and what that could mean for the future of the biggest leagues and clubs.