It has emerged that a large amount of Cardiff City's debt is owed to an unnamed overseas investor. These loans are rumoured not have to be paid back for another six years.
With Cardiff recently announcing debts of £30m it is no surprise that many fans will be worried about the future of their football club.
One such fan, Leighton Andrews, an Assembly Member and shareholder of the club contacted his club asking for information regarding the debt. The club responded quite thoroughly and some very interesting things have emerged about the club's finances.
Andrews was told that a great deal of the money is owed to independent parties who are not UK residents in the form of loan notes, issued with favourable 7% interest rates per annum with a repayment date of 2001.
The club say that we can be thankful to Rudgewick Ltd, Sam Hammam's holding company, for securing the loan, with it the club's intention to make the new stadium project a success as quickly as possible to repay the debt.
There is some reassurance in the fact that the debt isn't owed to banks but to individuals who believe in the project although the debt is being blamed on further delays to the new stadium.
These overseas investors remain a mystery, although Hamman's wife is believed to be involved. There are also rumours about Swiss investors and the familiar name of David Sullivan has cropped up again, but this is all speculation. Sullivan, of course, is not allowed to have a major input in City due to his involvement with Birmingham.