Soccer Transfers Fueled by Secretive Loans Beat UEFA Bid
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Soccer’s transfer market is getting an extra kick from offshore lending, even as the sport’s European ruling body UEFA tries to restrict record spending.
Vibrac Corp., a closely held lender in the British Virgin Islands, financed as much as 150 million pounds ($245 million) of loans in England, Spain and Germany last year, a person with direct knowledge of the deals said. Doyen Sports provided about $130 million of financing the last two years, Chief Executive Officer Nelio Lucas said.