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JPMorgan is still stuck on soccer

March 20, 2024

JPMorgan Chase has created a “sports investment banking coverage group” aiming to offer advisory and financing solutions for potential investors in athletic franchises, Reuters reported Tuesday, citing an internal memo.

“Sports has become an increasingly large asset class, attracting more and more institutional investors,” Fred Turpin, global head of media and communications investment banking, said in the memo, according to the wire service.

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