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Premier League to Ban Unregulated, Offshore Soccer Lenders

  • Clubs borrowed millions against future television incomes
  • Regulation starting in 2018 aimed at more transparency

In an effort to limit the influence of shadowy, offshore lenders in professional soccer, the Premier League is banning its clubs from borrowing from unregulated finance firms, a practice that has been common for more than a decade.

Starting in 2018, clubs will only be allowed to borrow against their broadcast income from firms regulated by the U.K.’s Financial Conduct Authority, the Premier League said in an e-mail. That will rule out opaque, offshore funds like British Virgin Islands-based Vibrac Corp, which has become a particularly prolific lender to clubs including West Ham, Southampton and Everton.