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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.
aggi
Burnley have taken out a strange loan to get an advance on future payments they’re due for Nick Pope.
It really does make me wonder about their owners.
https://twitter.com/KieranMaguire/status/1550502197552717826?s=20&t=hZ_7hOSVIosXssx-kxsXfg