The American investment bank had been due to fund the European breakaway project, but have seen plans ripped up in dramatic style
JP Morgan, the company that was due to provide the €3 billion (£2.6bn/$3.6bn) loan required to fund the breakaway Super League, has admitted that it "misjudged" the reaction of supporters to the divisive proposal and vowed to "learn" from their mistakes.
A project that has been in the pipeline for several years was finally announced on Sunday as 12 leading sides from across Europe signed up to become founder members of a divisive competition.