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Posh and Blades borrow

Kieran Maguire of the PriceofFootball reports, 'Peterborough United have borrowed money from Shawbrook Bank, who last week lent to Sheffield United, secured on remaining instalments of £2.5 million for the £4 million transfer of Jack Marriott to Derby County. Interest rate is the same at 6.5 per cent above base.' This is a reasonable rate of interest. Borrowing against a transfer fee paid in instalments is a relatively new development.

Sheffield United borrowed £7.5m from the Essex-based bank: Borrowing

The loan will be used for bills and day-to-day expenses at the club and will be repaid from the sale of David Brooks to Bournemouth for £11.5m.

Shawbrook is a retail and commercial bank established in 2011: Shawbrook

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