McCabe wants to lead revival

[Foxy]

UMMMM do the maths Foxy, no one really needs to explain again about loans to SUFC at 3% over the banks lending rate or the balance sheet on player sales, not to mention the tevez money.

and which bit about converting the loans rather than calling them in suggests he's attempting to extract every penny?

Don't the maths tell us he's just effectively written off a rather large amount of his money?

 

[metalblade]

The Maths tell me we have a larger debt than our piggy friends at S6 ever had........... who we owe it to makes little difference it will still be £32 million whichever of McCabe holdings it is owed to. Anyone thinking he can lead any sort of revival must be as thick as poo, he is holding on hoping for a revival so he can recoup more cash from the disaster he caused.

 

[alcoblade]

UMMMM do the maths Foxy, no one really needs to explain again about loans to SUFC at 3% over the banks lending rate or the balance sheet on player sales, not to mention the tevez money.

They do need to explain though. What about several years wit a wagebill >£20Million?

The interest on loans is annoying but meaningless until he actualy takes cash from them, rather than just increasing the paper value.

You can see elsewhere that I'm a big critic of McCabe, yet I sincerely doubt that he's got out anything like what he's put in. Now, or in future.

UTB

 

[Foxy]

The Maths tell me we have a larger debt than our piggy friends at S6 ever had........... who we owe it to makes little difference it will still be £32 million whichever of McCabe holdings it is owed to. Anyone thinking he can lead any sort of revival must be as thick as poo, he is holding on hoping for a revival so he can recoup more cash from the disaster he caused.

Ah that's it then, I now understand that he's clearly siphoning every penny into his back pocket.

No wonder I never went on to do maths at any level higher than GCSE

 

[metalblade]

You'll get there one day fella

 

[judge]

it says the debts £62m in that shareholders letter