Macquarie close to overtaking Barclays as Premier League's preferred lender amid cash flow crunch
PA Images | Jerry Korczak, managing director sports structured finance at Macquarie, earlier this year said third-party financing could become a more popular option for clubs amid a cash flow crunch exacerbated by the lack of matchday income.
The number of loans taken out by Premier League clubs with Australia's Macquarie has increased fivefold since last year, according to an offthepitch.com analysis.
Barclays, however, is still the primary banking institution - though its exposure to football has been dropping.
The preponderance of third-party financing has been driven by the lack of matchday income, with the market's increasing maturity boding well for both clubs and external financiers.
4 December 2020 - 12:55 PM
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