JP Morgan 'regrets' European Super League funding plan

Bank admits it misjudged the mood as proposals for the new soccer league collapsed due to backlash

Fans have won the first battle over the future of international club soccer in Europe.

JPMorgan has said it regrets supporting soccer clubs in launching a breakaway European Super League after the plan collapsed earlier this week amid intense criticism from fans and politicians.

"We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future," a representative for the bank said.