• Loading stock data...
Monday, February 26, 2024
Rates for the 2024 Best Venues Award increase this Sunday at 11:59 p.m. ET

Premier League Clubs Call for Up to $2B in Loans

  • Premier League teams are calling on the league to create a lending fund that will protect them from high interest rates from banks.
  • Teams ended the 2019-2020 season holding nearly $5.4 billion in debt.
premier_league_logo_on_trophy
Premier League/Design: Alex Brooks

Premier League clubs are calling on the league to create a lending pool between $1.36 billion and $2.04 billion, so clubs can borrow money at cheaper rates than they get from banks and investment funds.

Clubs have leaned on banks such as Macquarie and Close Brothers to meet short-term obligations.

  • Clubs use “factoring deals” in which they borrow against expected revenue, such as transfer fee payments. 
  • Teams with smaller fan bases typically have less revenue and are at greater risk or relegation, and thus have to borrow at high rates. English clubs outside the Premier League are often reliant on soft loans from their owners.
  • In March, MSD Partners, started by Dell Computer founder Michael Dell, lent $163.8 million to West Ham United at 9% interest, and $107.8 million to Southampton at 9.14%.

Premier League clubs collectively lost around $2.73 billion during the pandemic and held nearly $5.4 billion in net debt at the end of the 2019-2020 season. 

The league’s media deals with Sky Sports, BT Sport, BBC Sport, and Amazon are worth roughly $7 billion in total and run through 2025. DAZN is in advanced talks to purchase BT Sport, with the Premier League serving as the primary motivation for the acquisition.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sham Gods: The Rapidly Growing World of Sports Impersonators on X

Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures.
Sep 24, 2023; Oakland, California, USA; A general view of the Oakland Athletics dugout after the game against the Detroit Tigers at Oakland-Alameda County Coliseum.

Murky Future: Everything You Need to Know About the A’s Move to Las Vegas

Breaking down one of the most drawn-out, multifaceted sagas in sports.

Sabrina-Steph Wasn’t the ‘Battle of the Sexes’—But It Was Part of the Bigger War

The competition could play a factor in increasing the WNBA’s media value.
NASCAR Cup Series driver Bubba Wallace (23), in a Star Wars rebel alliance X-wing fighter pilot-inspired race suit, motions to the crowd to get louder during the driver introductions for the Cup Series Championship race at Phoenix Raceway in Avondale on Nov. 5, 2023.

Celebrity Owners, International Ambitions, and $7B Media Deals: Welcome to the New NASCAR

NASCAR boldly keeps pace with the increasingly competitive sports and entertainment world.
podcast thumbnail mobile
Front Office Sports Today

The Shady Business of Fake Sports News

0:00
0:00

Featured Today

Wilson Introduced an Airless Basketball for $2,500. We Had Questions

The black, 3D-printed ball appeared in last year’s Slam Dunk Contest.
Emily Henegar, a baker and content creator, made a batch of NFL-inspired cookies featuring Taylor Swift and Travis Kelce.
February 11, 2024

The ‘Life-Changing’ Economy of Taylor Swift’s NFL Outfits

Appearing in Swift’s game-day wardrobe has been “life-changing” for small businesses.
February 11, 2024

Tom Brady’s Post-Retirement Embrace of Las Vegas

With business all over town, one partner says, ’He’s going to be a great addition to the city.’
Super Bowl
February 11, 2024

Does the Vegas Super Bowl Make Economic Sense? Depends Where You Get Your Figures

The game’s impact on an already bustling town is a thorny subject.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Finance Manager
FanDuel
New York, NY
Senior Technical Artist - Sports Technology
EA Sports
Orlando, FL
Assistant Manager, Affiliate Operations
Adidas
Portland, OR
Lionel Messi

Copa América Tickets Climb in Latest Lionel Messi Effect

Tickets for Argentina’s game in Miami are pushing five figures.
Manchester United
February 15, 2024

Manchester United Created Europe’s Most Expensive Team Ever

The team cost a record $1.531 billion in transfer fees.
German protests
February 21, 2024

German Football League Abandons Outside Investment After Protests

Bundesliga rethinks $1 billion media rights plan.
Sponsored

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
Zambia forward Racheal Kundananji
February 14, 2024

NWSL’s Bay FC Breaks Women’s Soccer Transfer World Record: $787,600

The league’s record-breaking new media rights deal is trickling down to players.
Messi
February 9, 2024

Lionel Messi’s Week From Hell

The Argentine soccer star’s Sunday DNP became the biggest absence of his career.
NYC Mayor Erica Adams wants the 2026 World Cup Final at MetLife Stadium
February 4, 2024

MetLife Stadium to Host 2026 Men’s World Cup Final, Beating Dallas and L.A.

It’s the second time the World Cup comes to the region.
Peter Thiel
February 2, 2024

An Olympics With Doping? Big Money Is Backing a Controversial Sports Start-Up

Billionaire Peter Thiel backs new competition openly encouraging PED use.