BANKERS - JPMORGAN

A TOP Tory donor who has pumped hundreds of thousands of pounds into the party is a vice-chairman at the New York banking giant financing the £4.3billion breakaway league.

Multi-millionaire old Etonian David Mayhew holds a key role at Jpmorgan Chase, having spent decades as one of Britain’s most lauded bankers. The 80-year-old has injected £604,400 into Conservative coffers in 18 separate donations up to last May, according to Electoral Commission records.

He was given a CBE under David Cameron in the 2011 Queen’s Birthday Honours.

The New York Times called him “one of Britain’s most respected bankers”.

It is understood he played no role in the Super League deal.

Jpmorgan Chase will provide debt financing for the competition.

It is understood it will underwrite around $6bn (£4.3bn) in loans for teams involved.

Analysts said the plan is likely to be the biggest sports financing deal of

2021 – with big fees. Jpmorgan will charge an interest rate of 2% to 3% on the debt, according to the Financial Times.

The Wall Street giant was also involved in talks in October over a replacement for the Champions League. Jpmorgan Chase yesterday revealed that it was financing the Super League venture but declined to say how much it was stumping up.

A spokesman said: “I can confirm that we are financing the deal but have no further comment at the moment.

Jpmorgan was among the American investment banks blamed for triggering the financial crisis in 2007-8.

In 2013 it was ordered to pay a thenrecord $13bn fine – about £9.3bn

– for misleading investors in the run-up to the meltdown.

Former Chancellor Sajid Javid trousers £150,000-a-year from the bank for between 80 and 96 hours’ work a year – giving him an hourly rate of between £1,562.50 and £1,875. And ex-prime Minister Tony Blair is reportedly paid £2m a year by the firm as an adviser.