Vibrac Corporation is a company incorporated in the British Virgin Islands. They have made national newspaper headlines in the United Kingdom for providing multi-million pound financial arrangements with
Premier League football clubs, typically providing them with
cash advances on guaranteed broadcasting fees. Inasmuchas the company is incorporated in the British Virgin Islands it is impossible to determine who the lender is, even though the loans have been approved by the omnibus Premier League company.
;Everton
In August 2011, Vibrac provided
Everton F.C.
Everton Football Club () is an English professional association football club based in Liverpool that competes in the Premier League, the top tier of English football. The club was a founder member of the Football League in 1888 and has compe ...
with a loan secured against guaranteed broadcasting fees due in the following two seasons. Everton renewed the arrangement with Vibrac in 2012 and 2013.
;Fulham
In April 2013, a facility was provided to Fulham F.C. to enable the club to borrow against future guaranteed income. The facility was settled when
Shahid Khan
Shahid Rafiq Khan ( ur, ; born July 18, 1950)["Sha ...](_blank)
purchased Fulham in August 2013.
;Southampton
In April 2012, a debenture facility was provided to Southampton.
;West Ham United
In September 2013, a facility was provided to
West Ham United.
;Reading
Reading secured a £10m loan against the August 2014 parachute payment due after their relegation from the Premier League, this was secured after relegation. Upon receiving the £10m parachute payment Reading will owe Vibrac a remaining £1.5million. With Reading seemingly unable to make the remaining payment Vibrac called in BGT to oversee the sale of the club. Vibrac pushed through the sale of Adam Le Fondre to Cardiff and seemingly made things difficult for the chairman, Sir John Madejski, by changing terms of sale on several occasions. This led to many potential investors disengaging with the club, whilst Vibrac sought to push through sale to the mystery Phoenix consortium, which involves former director, and person responsible for bringing Vibrac into Reading, Chris Samuelson. This called the Football League to look into the inappropriate role that Vibrac have given themselves, of running the club without having undertaken the Fit and Proper Persons Test. Reading were subsequently fined £30,000 by
The Football League in March 2015.
References
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Companies of the Caribbean