JP Morgan given lower sustainability rating after funding failed European Super League
by Jasper Jolly from on (#5GWF2)
Standard Ethics downgrades US bank from adequate' to non-compliant' in light of ESL backing
A sustainability rating agency has downgraded JP Morgan Chase after the US bank was revealed to be funding the failed European Super League (ESL) breakaway attempt.
Six of England's richest clubs, including Manchester United, Liverpool and Arsenal, were among the 12 European teams that hoped to gain permanent membership of a new tournament. However, the project collapsed in disarray this week after a backlash from fans to heads of government across the UK and Europe.
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