Debt Recovery for the Football Industry
Debt Recovery for the Football Industry
The growth of Football over the past couple of decades has been staggering when compared with most industries.
European Football is worth well over £22Bn and the English premier league alone is worth circa £5bn which are impressive figures.
According to Deloitte’s Financial findings for 2016-2017, clubs in England and Wales generated a record £5.5Bn in revenue.
Finances for most clubs are much healthier than it was a decade ago with most reporting an increased profit.
It is no surprise that there is a need for Debt Recovery Services for the Football industry in the UK.
Debt Collection For Football Clubs
Football Clubs are not just sports clubs, they are run as businesses and offer a wide range of services to fans.
Manchester United have tended to lead the way, developing a global brand to mirror their historical success on the field.
You can even obtain credit cards via some football clubs and this is a clear sign of growth.
In the modern world, it is natural that there is a Debt Collection for Football Clubs service to support the industry.
We have helped a number of Football Clubs over the years in relation to monies owed to them.
We are well versed in the typical scenarios and have dealt with a wide scope of issues football clubs face.
A list of the problems we have helped UK Football clubs with are:
- Monies owed from other clubs for loan/transfer fees.
- Monies owed from previous players.
- The non-payment of licensing fees and sponsorship fees.
Many Clubs offer private boxes that can be used for personal and business purposes.
Some clubs even have their own gyms, training and pitch hire facilities.
All these require paying for and when that does not happen, we provide a professional and affordable recourse.
We recovered fees from a well known international club who invited a club over and said they would pay.
They refused to honour the agreement so therefore we were approached by the club’s Chairman for assistance.
The need for Debt Recovery services in the UK’s Football industry is not just limited to the top divisions.
We have also assisted smaller clubs whose cash flow is suffering as a result of non-payment.
How We Help With Debt Recovery for the Football Industry
As well as the clubs themselves, there are the supporting industries that help them to flourish.
For example, we assisted a sports kit manufacturer owed tens of thousands of pounds for training gear.
They approached us for help and we were pleased to quickly remedy the situation on their behalf.
Like the Football Industry, the Commercial Debt Collection industry itself has evolved massively.
As an FCA Regulated Company, we value our reputation as much as our clients and this clearly has a positive effect.
Football Clubs operate very much as Businesses, so the collection of monies is essential to the well being of the club.
The manner in which the Debt Collection is performed for the Football Club has to be very professional.
Any activities must be done so with the club’s image in mind and no aggressive manners are adopted.
The conduct in which all communications are performed must be professional at all times.
This is to ensure that all existing business relationships are not damaged during the recovery process.
Our expert Debt Collection for Football Clubs service is not just limited to the English and Welsh Football leagues.
We collect debts on behalf of Scottish football clubs and act overseas in relation to International Football Clubs being owed money.
Our trusted service has overseen the collection of hundreds of thousands of pounds over the years.
When a Football club has monies owed to them overseas, we will help with our International Debt Collection services.
Federal Management is the best choice for the recovery of debts related to the Football Industry.
Rather than taking 12 months to recover a debt, we can collect debts in a timely and hassle-free manner.
If you would like more information regarding our Professional Debt Recovery Services for the Football Industry, contact our team today.