I would be interested in buying Cadiz if I can look at their books to see how bad their bank debt is
Stu
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Trophy Cabinet
2x La Liga trophy // Sevilla 2x Spanish cup // Sevilla 1x Premiership trophy // Man City 2x English cup // Man City 2x European Cup // Man City 1x Segunda trophy // Valencia
Manager: Johndaniel Jaques Stadium Capacity: 10,000 Average Attendance predicted this season: 1,000
Value of club: £5 million Minimum buy out price: £5 million
Bank Balance: £3.8 million Debt: £0 Bank Loans: £27 million
Notes: Cadiz failed to recover from administration and so were covered by a £18 million bank loan in the middle of Season 5. Bank loans incur lower interest rates than normal Bank Balance debts. Interest in Cadizs debt is due to increase £0.9 million this week.
With a negative club value due to the high bank loan owned by the club Cadiz fall under the 'minimum £5 million buy out' ruling which applies to any club with no chairman or who is worth less than £5 million (debt can make clubs worth minus money).
FA will post to allow bidding on the club to begin 3 days after the initial interest was made into the club.
2x La Liga trophy // Sevilla 2x Spanish cup // Sevilla 1x Premiership trophy // Man City 2x English cup // Man City 2x European Cup // Man City 1x Segunda trophy // Valencia
Manager: Johndaniel Jaques Stadium Capacity: 10,000 Average Attendance predicted this season: 1,000
Value of club: £-12.4 million Minimum buy out price: £5 million
Bank Balance: £1.8 million Bank Loans: £35.1 million
Notes: Cadiz failed to recover from administration and so were covered by a £18 million bank loan in the middle of Season 5. Bank loans incur lower interest rates than normal Bank Balance debts. Interest in Cadizs debt is due to increase £0.9 million after week 11 games.
With a negative club value due to the high bank loan owned by the club Cadiz fall under the 'minimum £5 million buy out' ruling which applies to any club with no chairman or who is worth less than £5 million (debt can make clubs worth minus money).
FA will post to allow bidding on the club to begin 3 days after the initial interest was made into the club.
Manager: Jamie Walker Stadium Capacity: 10,000 Average Attendance predicted this season: 2,875
Value of club: £-14.4 million Minimum buy out price: £5 million
Bank Balance: £1.8 million Bank Loans: £37.8 million
Notes: Cadiz failed to recover from administration and so were covered by a £18 million bank loan in the middle of Season 5. Bank loans incur lower interest rates than normal Bank Balance debts. Interest in Cadizs debt is due to increase £0.9 million after this weeks league games.
With a negative club value due to the high bank loan owned by the club Cadiz fall under the 'minimum £5 million buy out' ruling which applies to any club with no chairman or who is worth less than £5 million (debt can make clubs worth minus money).
FA will post to allow bidding on the club to begin 3 days after the initial interest was made into the club.
