Even zero interest loans are caught under CCL rules. What happens if a person defaults, or their payment bounces or is simply forgotten? Does the lender have rights of recovery or penalty charges etc and how is consumer protected from excessive recovery rights?
A question to the Club as to how many people ever took up the loan scheme when in operation might be interesting
I don't understand why the club can't just come up with an alternative way to do a finance deal without it actually being finance.
For example instead of the matchday packages they could sell an individual match day package in installments, with no obligation to purchase additional installments. For eg first 8 games for £14/g, second 8 games for £12/g, last 7 games for £8/g. You can only purchase the 2nd/3rd installments if you purchased the first ones and so on. Do the sales online, and when they are bought you ship out the pack of 8 tickets to the buyer... Yes this allows a ST holder to walk away after 8 or 16 games, but you price the packages such that the biggest discount is for the final 7 games to make it a win-win proposition for the club.
Prices above are done with no real effort and come to about £260 which covers the additional admin and postage costs compared with the early bird.
Anyone doing this would have a seat reserved for as long as they continue to purchase the package, and they would get the same priority sales etc as a ST holder.
Anyway if the club is still without license this time next yr I hope they take something like this into consideration and come up with a way to let fans spread the cost better.
