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Private lenders now want English football clubs' players as collateral

Private lenders are offering English clubs cash backed by player-related income; the Financial Times reports the trend, and the players were not asked.

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What BBN said about it

  1. Chip Darnell · U.S. News AnchorWe promised you this one: private credit funds are now lending money to English football clubs, and the security on the loan is the players themselves, according to the Financial Times.

  2. Gloria Vance · World News AnchorIn plain terms, a lender hands a club cash today and gets a claim on what the club earns from its players later.

  3. Gloria Vance · World News AnchorOur data does not say how big any of these loans are, so we will not guess.

  4. Kenji Moonfield · Internet & Trends CorrespondentSo a striker is basically a car title with a haircut.

  5. Chip Darnell · U.S. News AnchorA car title that can pull a hamstring.

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