Zebra Finance just Announced this

Discussion in 'Bulletin Board' started by Barnsley Loyal, Mar 28, 2019.

  1. Barnsley Loyal

    Barnsley Loyal Well-Known Member

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    Barnsley Loyal, Mar 28, 2019
    #1
  2. BarnsleyReds

    BarnsleyReds Well-Known Member

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    They'll find someone else to provide it, you would assume.
     
    BarnsleyReds, Mar 28, 2019
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  3. tosh

    tosh Well-Known Member

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    tosh, Mar 28, 2019
    #3
  4. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Its on the Zebra Finance website as well so Zebra Finance have just announced it the fact the OP linked to a club site isnt really important

    Its poor timing as lots of clubs either have or are just about to announce early bird ticket renewals and all that used Zebra have no other finance plan in place instead so it will cause fans without the cash handy some big problems
     
    Farnham_Red, Mar 28, 2019
    #4
  5. fit

    fitzytyke Well-Known Member

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    Big opportunity for some other lender to add football to their portfolio.

    I wouldn't be too surprised if someone else is announced very quickly.
     
    fitzytyke, Mar 28, 2019
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  6. red

    red24/7 Well-Known Member

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    Sounds like lots of footy fans have blobbed on payments and zebra taken the hit
     
    red24/7, Mar 28, 2019
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  7. pompey_red

    pompey_red Well-Known Member

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    That’s probably happened but wouldn’t zebra / the club just cancel their season ticket?
     
    pompey_red, Mar 28, 2019
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  8. Googs

    Googs Well-Known Member

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    A lot of people will be cross at zebra.

    This ain't no horseplay.
     
    Googs, Mar 28, 2019
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  9. Men

    Menai Tyke Well-Known Member

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    It’s not black & white that’s for sure.
     
    Menai Tyke, Mar 28, 2019
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  10. BarnsleyReds

    BarnsleyReds Well-Known Member

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    That’s fine for clubs like ours with a modern ticket system, but not really possible if we still had the books, tear out each game. I have to assume some clubs still have that. Perhaps they don’t offer finance, though.
     
    BarnsleyReds, Mar 28, 2019
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  11. Dub-Tyke

    Dub-Tyke Well-Known Member

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    It must cost the club some money though to do this.

    With 0% deals, usually the seller is paying a fee to cover the deal. I know Zebra charge £30ish for admin fees, but other than that, it’s not a massive earner and carries a high risk of default.
     
    Dub-Tyke, Mar 28, 2019
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  12. fit

    fitzytyke Well-Known Member

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    I would imagine these companies use this type of deal as a loss leader, and make money in default fees and offer the more reliable customers additional products or sell their details on to other lenders.

    The club may even factor into the price of all season tickets any fees payable.

    Only an educated guess on my part though, but they seem like sub prime lenders that do these deals and usually expect an element of risk because they don't seem to turn many away.
     
    fitzytyke, Mar 29, 2019
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  13. Dub-Tyke

    Dub-Tyke Well-Known Member

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    I agree. We’re probably all paying £3 more to cover the cost of this.

    Zebra pulling out, sends a message that it may not be that profitable though?
     
    Dub-Tyke, Mar 29, 2019
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  14. lk3

    lk311 Well-Known Member

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    Not just Football affected, also pulling out of Rugby too.
    Noticed they are offering for weekend tickets this year for Silverstone at 0% and people are complaining prices are over £100 more now.
    As specialists in sub prime lending would suspect like others have said too many people defaulting over a season and as result not making enough money.
     
    lk311, Mar 29, 2019
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