Football

Is it strange? Loads of businesses in lots of different industries enter factoring agreements - cash now is sometimes better than profit later.

They did the same with the Chris Wood money. It's not unheard of in football with quite a few other clubs doing it (Leicester did it with the Mahrez sale for instance) but it doesn't seem a great idea.

Personally I'm more comfortable with factoring transfer income rather than future revenues.

It's not ideal but it's bringing your cash in line with accounting treatment so isn't disastrous. Obviously the flipside is your transfer purchases, if you're using the factoring to increase leverage and pay fees up front to get cheaper signings then it may not be a big issue. If you're factoring your income but your outgoings are still due over a number of years then that isn't great.