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Kieran Maguire estimated their sale price to be 2 x revenue which is 30m as their revenue drops from 24 to 15m in league 1. But then you've got something like 100m owed to Tan and his pals in debt.
Unless that can be written off by Tan, or in another way, no one in their right minds would buy...
I did say it was the consortium fishing for deals. Approaching owners of relegated teams who may have had enough after relegation and want out. Bale may really want Cardiff but all the investors want is a DEAL whether its Cardiff, Plymouth, Sheff Weds or whoever. The investors dont give 2...
Just to expand that a little....
But the Trust say the group has yet to follow up their initial proposal with a firm bid.
"As a result of a conversation the Trust has had with the club at board level, it seems that no formal bid has been made for the club to consider," said Trust chair Keith...
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