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Banks prepared to lend money to football

Clubs are increasingly been approached by external funders.   Contrary to what one might expect financial institutions see clubs as secure assets, despite a perception in some quarters that the sector is financially unsophisticated.

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.

Peterborough have borrowed money from Shawbrook Bank, secured on the two outstanding instalments due from Brentford for just over £2m in relation to Ivan Tomey’s £6m transfer

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