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I should mention that creating one is very costly in terms of manpower. They will take the men for the company from YOUR holdings. This puts a constant drain of men on each of your baronies. Further, they will come back every few years and ask for more men -- they get a negative modifier if you refuse.
Thanks! The wiki should definitely be fixed if it's a Brilliant Strategist you need, because I had a Skilled Tactician and nothing was showing up (the wiki just says 'Military Background'). I'll try now.
Now, disbanding the mercs might generate an Adventurer (the current leader of the band). I haven't tried this out yet, but I may soon because of the increasing drain on my own levies.
Edit: Also, the leader of the band has a pretty good chunk of cash. Perhaps I'll net that when I disband them. I'll let you know.
You mean where you can see how much the band is earning you? You can check that in the same screen that shows you your income and expenditure. But the earning will only appear when they are hired, and it might take a little while for the game to update the page.
It's possible. I didn't play the game with conclave for too long, but when I created my mercenary band I was a catholic feudal lord (a duke).
I believe this to be the case, as well.
I honestly don't know why you can't create a mercenary band. With all the information you have provided, it doesn't seem to make any sense at all. Sorry.
Edit: This is a really, really, stupid question, but are you sure you have the DLC enabled ?
Yes, I have it enabled :-/. I've been using all of the other Conclave mechanics extensively, and while I don't even care that much to have a mercenary band, I did want to try the feature regardless.