UK alternative bank reviving exposure to football clubs amid pandemic
12 November 2020
Aldermore, one of the UK's leading challenger banks, has in the past couple of months increasingly become engaged with clubs over factoring deals after a period of disengagement.
Both Brighton & Hove Albion and Leeds United are understood to have dealt with the financial institution.
Meanwhile, much larger Barclays has for years been reducing its exposure to football but recently been behind several loans to West Ham.
Leading UK alternative bank Aldermore has recently revived its exposure to football clubs, according to sources familiar with the matter, following a period of disengagement with a sector some view as financially unsophisticated.
Aldermore's activity should be seen in relation to an environment where clubs are increasingly engaging with and are approached by external funders. Despite the opposite picture sometimes being painted, financial institutions largely see clubs as secure assets due to the usually stable income flows.
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