Sport JP Morgan Chase CEO on $4.8 Billion European Super League Investment: 'We kind of missed it a little bit'
The Importance of Seizing on the Post-Super League Moment
The backlash to the Super League was definitive and demonstrable, but that doesn't mean all is well. What happens next will dictate the future of the sport. The war has been won, and decisively so. Football, for now, remains more than content produced to enrich club owners. The scenes outside Stamford Bridge as word swept a demonstrating crowd that Chelsea had withdrawn from the Super League will not quickly be forgotten, and neither will the shambling, tone-deaf apology from Liverpool owner John Henry.
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 soand 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.
All-timer quote from JP Morgan Chase CEO Jamie Dimon to WSJ on misjudging the fan blowback to their Super League project. "I'm not an expert on European sports, but obviously it is a lot of fandom ... We kind of missed it a little bit." (HT)
The Free Market is Dead: What Will Replace It?
It’s bigger than Bidenomics. Free market thinking is being replaced by a new common sense: markets flourish with management.The leaders of some of the nation’s largest businesses like Wal-Mart and J.P. Morgan Chase had come to the White House that day to talk economic stimulus. But the real surprise attendee was the head of America’s largest business advocacy group, the Chamber of Commerce, Tom Donohue. Under Donohue’s leadership over the past two decades, the Chamber had effectively become an organ of the Republican party, handsomely rewarding conservatives who worked to dismantle public programs and the regulatory state with campaign donations and support.— Grant Wahl (@GrantWahl)
"We kind of missed it a little bit."
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.
Jeffrey Dean Morgan and Hilarie Burton Celebrate 12th Anniversary of Their First Blind Date .
Hilarie Burton previously told PEOPLE how One Tree Hill costar Danneel Harris and her husband Jensen Ackles set her up with her future partner Last April, Morgan's Supernatural costar Jensen Ackles revealed how he set up Morgan with Burton, who starred with Ackles' wife Danneel Harris in One Tree Hill. "Hilarie was in town visiting, this was in LA, and she was staying with us and so we went out one evening," he recounted on Morgan's AMC talk show Friday Night with the Morgans. "I remember it, it was like an Irish pub in Toluca Lake.