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West Ham fan revealed as secret money lender

TaborA new book has named a West Ham fan Michael Tabor, who once tried to buy the Hammers as one of world football’s biggest money lenders.

The 75-year-old was born in Newham and educated at East Ham Grammar school.

Tabor, part of the John Magnier-led Coolmore Stud organisation, filled the void when Investec bank withdrew loans to football clubs in 2011 because of the risks involved. He began by advancing money to Spanish clubs Atletico Madrid, Deportivo La Coruna and Getafe.

According to Football’s Secret Trade by Alex Duff and Tariq Panja, published by Bloomberg, Tabor has loaned considerable sums to West Ham as well as Everton, Southampton, Fulham and Reading through his Vibrac Corporation based in the British Virgin Islands.

The book claims former bookmaker Tabor, who made his fortune when he sold his chain of betting shops to Coral in 1995, advanced as much as £100m a year to clubs in England and Spain between 2011 and 2016, earning himself an estimated return of £60m. The only hitch was when Reading, who loaned £10m against parachute payments, ran into ownership problems.

The Premier League had no problem with Tabor advancing their clubs money, provided the source of the funding was known to them. They have since tightened money-lending regulations in a bid to stop off-shore lending next season.

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About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

4 comments on “West Ham fan revealed as secret money lender

  1. I think UEFA have brought in laws haven’t they to stop money lending from the Virgin Islands among other Caribbean offshore locations ?

  2. A loan??? He charges interest? That’s a disgrace. If he was a true fan he would give us £100M. Every year. I would if I was a billionaire ex-bookie true fan. Disgraceful.

  3. Lazy research this Sean, that is not a photo of Michael Tabor.

    • Disgraceful!! Dan Coker would never make a mistake like that!! You pay peanuts Hughie you get monkeys lmao

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