Quote:
Originally Posted by Number6
In this case, a bond of £50k HAS to be placed with the club, before talks can commence, and a detailed business plan with proof of assets has to be presented (this should prevent a leveraged buy-out, where a person uses the clubs own assets to buy the club, shouldering a debt onto the Football Club). If these things are not forthcoming, it's not a serious bid.
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Its not a bond of £50k, its a deposit of £5k which would be used by the Trust board to cover expenses related to deciding if the bid is genuine (so no club funds are wasted investigating spurious bids).