The sporting industry is heavily affected by, and relies on, globalisation with every sport represented by organisations and supporters all over the world. Whether making an overseas payment for a player or staff transfer, or arranging travel to an event/fixture abroad, many sporting clubs and businesses are required to make cross-border payments.
This requirement can significantly impact your profits and overseas costs, which is why working with a currency specialist can help you navigate the foreign exchange markets.
With over 40 years’ experience in foreign exchange, we’re proud to work with a wide range of sports clubs, both large and small. These include local rugby clubs, tennis organisations and football clubs West Bromwich Albion and Nottingham Forest. We’re also delighted to be the official international payments partner of Essex Cricket Club.
How international payments affect the sports industry
For sporting organisations large and small, foreign exchange is largely engrained in the running of the business and your profit margins can be affected by FX movements and the value you receive for your currency transfer.
Player transfer fees and bonuses may be paid to organisations abroad, while contracts for staff may also be required in a different currency for those repatriating their salary home. In addition, costs for international fixtures and events are also subject to influence from currency markets, as the exchange rate and value you receive when paying for transportation, accommodation, expenses, visa fees and other registration costs can have a significant impact on your outgoing expenditure.
How we can help your business save money
Rely on the support of our team of dedicated foreign exchange specialists, who are on hand to guide you through the currency markets. We can help your sporting organisation or business by providing a tailored foreign exchange solution designed to remove some of the cost and all of the stress, while mitigating your FX risk.
After opening an account, you will be assigned an account manager, experienced within the sports industry, who will be able to discuss the ideal currency options and global payment solutions for your organisation.
Our wide range of FX tools allows you access to a number of options designed to limit your currency exposure and protect your profits, as well as competitive exchange rates and over 120 currencies to trade with.