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.