JPMorgan sets up a dedicated sports investment banking team, memo shows

- JPMorgan Chase has created a new sports-focused investment banking team as the Wall Street bank seeks to tap the increasingly attractive industry, according to an internal memo seen by Reuters on Tuesday.

Eric Menell and Gian Piero Sammartano will co-lead the new investment banking team and report to Turpin. Sammartano will maintain his local reporting line in to Burkhard Koep, the head of Telecoms and Media EMEA.JPMorgan has worked on a number of deals in the sector, including British billionaire Sir Jim Ratcliffe's recent acquisition of a minority stake in Manchester United.

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JPMorgan Appoints Heads of New Sports Investment Banking GroupJPMorgan Chase & Co. has set up a dedicated sports investment banking team as Wall Street banks battle for fees in an increasingly competitive corner of the mergers and acquisitions market.
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