A forum for all things Cardiff City
Mon Jan 04, 2010 10:51 pm
Apologies if this has already been posted!
I assume that if the Zebra finance deal is 5 monthly installments, then the club will get this money as and when Zebra receive it, ie they won't get the £3m up front?
If this is the case the best case senario is that club receive £600,000 sometime in January?
Can anyone clarify please?
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Mon Jan 04, 2010 10:56 pm
i would have thought the money would be paid up front by zebra.
if you bought a new car on HP the dealer would get his money from the finance company.
if you default zebra finance will persue you not the club
Mon Jan 04, 2010 10:58 pm
I believe that Zebra will pay the club up front but will take a slice out of it for admin costs.
Mon Jan 04, 2010 11:02 pm
Remember although its interest free its still a finance deal. If you default on the payments you can bet your bottom dollar high interest charges will apply
Tue Jan 05, 2010 8:32 am
the letter I had from Zebra says the club get all the money as soon as they receive the completed application form
Sack
Tue Jan 05, 2010 8:41 am
And if the club go bust you still have to pay the rest of the loan off to Zebra..
We've all borrowed money from Zebra, club been paid up front.
Tue Jan 05, 2010 8:57 am
carlccfc wrote:I believe that Zebra will pay the club up front but will take a slice out of it for admin costs.
Carl, thats what I believe has happened.
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