Football lenders benefiting from clubs' massive cash-flow problems: 'We have never been busier'
PA Images | In the summer Southampton were one of the clubs going to lenders to secure funding. They struck a deal with American MSD Capital. Covid-19 has send many more clubs in the arms of lenders to solve their short term cash-flow problems.
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".
7 October 2020 - 1:22 PM
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