That’s not how it works.
JP Morgan agrees to secure funding for the SL. They will not be providing funding from their own coffers, instead they act as an advisor. They provide marketing and lending expertise, securitization advisory (loans vs bonds vs stocks etc) as well as a large contact list of institutional lenders like insurance companies, asset managers and hedge funds that would be potentially interested in buying the securities marketed by JP Morgan.
Since the project fell apart, there will be no funds since nobody is interested in lending money to de-facto bankrupt clubs.
Though I do not speak for JP Morgan, I work there, though not on this project nor did I know about it. On Monday I let my boss know I will be leaving before the end of the year.