And just like that, it's over. The breakaway soccer league financed by JPMorgan Chase (NYSE: JPM) is already in shambles a day after its creation following a massive backlash from fans, players, rival teams and leagues, and the British government.
All six U.K. soccer teams, including Arsenal, Liverpool, and Manchester United (NYSE: MANU) , have backed out of participating in the new Super League , and the Italian and Spanish teams are considering withdrawing as well.
Image source: Getty Images.
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Soccer's Super League Crashes and Burns Day After Launch