Have Rangers’ woes undermined sales finance?
Posted: Thursday 31 May 2012
Of all the headlines related to Rangers’ current financial plight one related to the world of sales finance is probably a surprise. However, Rangers’ administrators recently sought the opinion of the Court of Session on the club’s well publicised deal with Ticketus, under which Rangers sold to Ticketus rights to future season ticket sales. Although the Ticketus deal is not, strictly, an invoice financing Lord Hodge’s opinion touches on several questions directly relevant to sales finance.
Our Asset & Invoice Finance team has prepared a technical briefing on the Ticketus case, available on request from laura.socha@morton-fraser.com.
When it comes to asset finance, invoice finance and asset based finance generally, Morton Fraser is streets ahead of other firms. These are not our words, they come from Chambers, the guide to the legal profession. Bruce Wood, one of the two leading asset finance lawyers outside the City of London (according to Chambers), heads our asset based lending team.
