• Such borrowing to be outlawed from the 2018-19 season
The Premier League is to introduce a ban on clubs borrowing money from unregulated offshore finance firms from the 2018-19 season.
Everton, West Ham United and Southampton are among the clubs to have taken out loans with Vibrac Corp – an entity based in the British Virgin Islands which has provided funds against future broadcast money. Despite lending more than £150m between 2011 and 2013, Vibrac’s owners have never been revealed – a situation the Football Association chairman, Greg Clarke, was questioned over by the Chester MP, Chris Matheson, in last month’s culture, media and sport select committee on the governance of English football.
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