The credit risk specialist for professional sport
Specialist credit intelligence for the business of football.
A specialist practice that assesses, analyses and rates credit quality across the business of sport. Proven in football.
Founded by a senior football credit risk specialist. Author of How to Analyze Football Clubs (2021). Meet the founder ›
Standard credit analysis falls short.
Professional sport runs on revenues, contracts and pressures that generalist credit models are not built to read. The solvency of a club, a team or a franchise answers to a logic of its own.
Vault was built to close that gap.
A framework that holds two worlds at once.
More than twenty variables, weighed across financial fundamentals and the realities specific to professional sport, resolve into a single, consistent credit rating. The corporate credit lens, applied to a sector that plays by its own rules.
Financial fundamentals
The corporate credit lens applied with rigour: the balance-sheet, liquidity and solvency signals that determine whether a counterparty can meet its obligations.
Sport-specific drivers
Transfer exposure, competition dependency and the governance pressures specific to professional sport: the realities that generalist models leave out, read as credit factors. Proven first in football, tested across more than 1,000 clubs.
Disciplined, consistent ratings
More than twenty variables resolve into data-driven credit ratings, applied consistently to support robust underwriting decisions.
Disclosure
Audited accounts, filings and sector context on the obligor come in.
Rating
More than twenty variables resolve into one consistent credit rating.
Analysis
What would have to go wrong, the funding path ahead, and what the rating means for the transaction.
Decision support
A clear, defensible credit view to support the partner's decision.
The author of the method.
Founder Carol Mykita brings more than ten years of experience in sport finance. In 2021, he authored How to Analyze Football Clubs, a guide to evaluating football transactions through a corporate credit lens.
In 2025, after a decade of research and underwriting practice, he developed the Vault Credit Risk Model: a proprietary rating framework designed to assess the credit quality and solvency of football clubs with a high level of accuracy.
As Founder and Chief Underwriting Officer, Carol sets Vault's underwriting philosophy, risk appetite and portfolio construction principles: disciplined, specialist risk selection designed for carrier partners.
Vault currently underwrites football credit risk on secondment within a registered Lloyd's broker and London market underwriting business, as Vault builds towards its own regulatory permissions.
Let's talk credit risk in sport.
For insurers and financial institutions across the London and US markets. Tell us what you are looking at, and we will bring the credit view.