BladesReunited - the SUFC forum for grown-ups

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  • Re: The Hotel
    • FuriousBlade (no login)
      Posted Nov 27, 2010 6:09 PM

      Dunc have you seen a copy of the latest accounts? In them the club borrowed a large amount £15m! from our new bankers. £4m of that went to pay off part of the hotel debt which was then sold to McCabe's company. So thats an £4 of debt we have for an asset we no longer own. McCabe has shafted the club in this transaction as the club now has to repay it and pay interest on.

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