Football lenders benefiting from clubs' massive cash-flow problems: 'We have never been busier'
7 October 2020
As the coronavirus pandemic continues to decimate clubs' cash flow, football's financiers see opportunities in a market yet to fulfil its true potential.
New lenders are looking to challenge established banks on the opportunities created by lower interest rates.
Clubs stand to benefit from growing competition on the lending market, but some creditors risk being outpaced if they struggle to stay ahead of the curve.
Prominent funder 23 Capital closed shop, but co-founder Jason Traub says opportunities are strong for his new venture focusing on the "blue chip market".
The final bell has rung on the transfer market in a summer window which will be remembered for the extraordinary circumstances surrounding it. While the coronavirus pandemic has not stopped player transfers entirely, though clubs have spent less money, it did accelerate another tendency.
The use of factoring deals in football has skyrocketed in recent years. Rising broadcast revenues and a growing transfer market has driven the increase as clubs seek to materialise income usually spread out over months or years.
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