Manager: Jamie Walker Stadium Capacity: 10,000 Average Attendance predicted this season: 8,125
Value of club: £-24.3 million Minimum buy out price: £5 million
Bank Balance: £5.3 million Bank Loans: £47.7 million
Notes: Cadiz failed to recover from administration and so were covered by a £9 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 £1 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. Only managers who register interest in those 3 days will be able to bid.
Managers from the following clubs can now bid on the club having expressed interest in the opening 3 day period:
Liverpool Bidding must start no lower than £5 million and must increase in increments of £0.5 million.
Due to the circumstances at the club, the current chairman has issued a deadline of 7pm Wednesday after which no more bids for the club will be accepted.
To bid, simply post the amount in this thread. The amounts must match the stated rules.
