When an Everton supporter surveys the opaque borrowing by English clubs

30/11/2015  3 Comments  [Jump to last]
The surfacing of documents by the Twitter entity known only as Watched Toffee linking a handful of Premier League clubs – including Everton – to offshore funding vehicles that have replaced banks as primary lenders of advances on guaranteed broadcast revenue has piqued the interest of L'Equipe, France's biggest football publication.

Original French version

Update The original article on L'Equipe's website (and, by extension, the translated version) has since been removed.

» Read the full article at L'Equipe via Google Translate


Reader Comments (3)

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Joe Green
1 Posted 01/12/2015 at 16:49:11
Well obviously nice earner for someone. Quite high interest on almost risk-free loan. Tax free income too. However nothing illegal from the lenders viewpoint.

Questions are for the club's directors: did Everton really need these loans? If yes, could Everton not get better terms (lower rates) elsewhere? Can they prove they tried?

Eric Myles
2 Posted 01/12/2015 at 17:18:47
And do we really need to increase the loan amounts every season when we receive more and more money in income?
Patrick Murphy
3 Posted 01/12/2015 at 22:07:34
Interestingly both links have been taken down.

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