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Macron suing us for £5m

We've an idiot in charge of our club.

And before anyone tried to defend Cellino

Who do you think will be paying for another legal battle.

THE FANS

posted on 14/4/15

Jonty- Bates wasn't a foreign owner.

Wakey- I'm afraid if it's business-related it's a legitimate expense and can be offset against tax liabilities. It's not offensive. There's a huge quantum leap from travel expenditure to personal piggy bank. PS: Love you too!

comment by Stoopo (U4707)

posted on 14/4/15

Correct Stevie!

I've said I want MC to sell up but I won't agree to a witch hunt without evidence of wrong doing.

Bates probably charged more to the club than the whole of the Cellino family. In fact if you look at the figures you can see no mention of the 15% interest on his loans or any loans - as intimated by a few on here.

posted on 14/4/15

It was 8% interest !!!!

And we paid £2m in interest !!!!

comment by Stoopo (U4707)

posted on 14/4/15

It was you banging on about the high interest loans LIW. I've not seen any evidence in the accounts of either 8 or 15%.

I asked you many times to provide proof of the percentages you were quoting. As yet you haven't.

posted on 14/4/15

Stoopo

Work how much debt were in and then look at the interest.

posted on 15/4/15

And still they defend.

comment by Stoopo (U4707)

posted on 15/4/15

That doesn't tell us what the interest rate is though.

The figures shown in the accounts are less than that.

comment by Jonty (U4614)

posted on 15/4/15

The figures in the accounts show interest on GFH loans, I'm not sure we've seen the interest amounts and therefore rates on Cellino loans.

Bit come on, he's not lending us money for no return.

comment by Stoopo (U4707)

posted on 15/4/15

No but it was widely suggested he was charging us 15% which I have repeatedly asked for evidence.

The bulk is to GFH at 5% and 2%. That's almost £21m of the loans.

I reiterate I want him out but am interested in the facts rather than speculation that he is charging us high rates of interest and using club money to fund his families lifestyle.

I'm sure it will all come out in the wash

posted on 21/4/15

"I'm sure it will all come out in the wash"

Almost right, it will all come out in the 2014/15 accounts as of, and for the year ended, June 30, 2015.

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