Increased competition driving down prices for receivables despite decline in transfer activity

While clubs have struggled to offload players, the increased need for cash as a result of the pandemic keeps the market for factoring deals moving.

The almost risk-free business coupled with low deposit rates have attracted financial institutions who need to get their money working.

Shawbrook Bank is looking to amp up its activity in the area and move from purely transfer receivables to central distribution funds, says director.