MetLife beats banks to EFL deal

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By Silas Brown
30 Mar 2021

US institutional investor MetLife has offered a more attractive loan package to the English Football League — England's second, third and fourth professional football divisions — than the UK government and bank lenders.

The EFL has signed a lengthy senior secured loan with MetLife Investment Management to help steer the UK’s second tier of professional football, the Championship, through the Covid-19 pandemic. The rescue financing, which amounts to £117.5m, will help member clubs meet payroll obligations up until June 30.

The ...

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