sport news Crystal Palace take out loan from American lenders as they prepare for a busy ... trends now
sport news Crystal Palace take out loan from American lenders as they prepare for a busy ... trends now
Crystal Palace have taken out a loan from MGG Investment Group The money is to be used to fund player trading and day-to-day operating costs England's Euro 2004 team was incredible on paper but they didn't win. Can this crop do it this summer? Listen to the It's All Kicking Off podcast
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Crystal Palace have taken out a loan from American lenders MGG Investment Group in a move which suggests the club are preparing for a busy summer in the transfer market with a significant number of player sales.
The loan is understood to be secured against future transfer receipts, with sources involved telling Mail Sport that the money is to be used to fund player trading and day-to-day operating costs.
A number of Premier League clubs have increasingly used so-called bridging loans from investment companies to provide up-front access to cash they are owed in transfer instalments from rivals, but Palace’s
