I would also like to register an interest in Manchester City

Manchester City
English Premiership

Manager: -
Stadium Capacity: 30,000
Average Attendance predicted this season: 30,000

Value of club: £22.6 million
Minimum buy out price: £20 million

Bank Balance: £-101.7 million
Bank Loans: £0 million

Notes:
Manchester City have entered administration and are currently trying to sell players to clear this. If funds can't be raised a bank loan will be taken to cover the debt. Bank loans incur lower interest rates than normal Bank Balance debts.

Without their massive negative bank balance the club is worth around £125 million however taking the minus from this leaves just over £20 million as assets will have to be sold equal to the value of the minus funds.

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 before those 3 days are up will be able to bid.

Richard.


-- Edited by Football Academy on Saturday 23rd of October 2010 10:47:25 AM

Managers from the following clubs can now bid on the club having expressed interest in the opening 3 day period:

Real Madrid
Sevilla

Bidding must start no lower than £20 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 Monday 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.

guess that makes you man city owner then mate