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Sport JP Morgan Chase CEO on $4.8 Billion European Super League Investment: 'We kind of missed it a little bit'

21:55  06 may  2021
21:55  06 may  2021 Source:   thebiglead.com

The Importance of Seizing on the Post-Super League Moment

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JP Morgan Chase agreed to invest $4.8 billion in the quickly abandoned European Super League. To see an idea with so much money behind it fail so quickly and spectacularly was truly something to watch. But what about the people who made the incredibly ill-informed decision to invest nearly five billion dollars in something that, again, failed quickly and spectacularly? Well, nothing.

James Dimon wearing a suit and tie: JPMorgan Chase CEO Jamie Dimon Speaks At Economic Club of Chicago | Scott Olson/Getty Images © Provided by The Big Lead JPMorgan Chase CEO Jamie Dimon Speaks At Economic Club of Chicago | Scott Olson/Getty Images

"We kind of missed it a little bit."

Ya think!?

It is incredible that this guy gets to go whoopsie! about a $4.8 billion decision and admit they didn't know anything about European sports. They were apparently surprised to learn that there was a lot of fandom and those fans have views and opinions.

Should someone have not looked into this before committing all that money? Is that not the entire job? Is it not? Do they regularly say they'll give billions of dollars to people who show up and say they have an idea and nobody figures out if it's a good idea or not before saying yes? Seems like it would be part of the job. But then again, I'm not an expert.

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usr: 1
This is interesting!