Ticket prices are getting too expensive, so fans are borrowing more

FinTech Collective

August 9, 2019

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FinTech Collective

Across rugby and soccer, the trend of borrowing to pay for tickets is on the rise, with the quantity of loans doubling in the past 12 months. Secure Trust Bank recently became the biggest bank for soccer loans after Zebra Finance pulled out of the market this summer.

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Supporters of Premier League clubs typically borrow £600 to £800 before the season kicks off to secure their season tickets. Secure Trust Bank, which is now the main season ticket funder, said it carries out credit checks to ensure it gets its money back later in the year. A market insider said: “Large numbers of fans choose to pay off their season ticket in instalments over the season rather than with their credit card at the start. So the clubs electronically introduce those fans to a bank who enable that with a loan.

https://www.dailystar.co.uk/news/latest-news/797183/football-fans-tickets-borrowing-money-expensive