Why was the ABC loan taken out?

[MYU]

That's what I'd like to know?

[Sharpy]

From the Beeb.

The Championship club must find £80,000 a month simply to keep paying off the interest on a £10m loan it took out to satisfy creditors and come out of administration in 2002. The ABC loan is costing a £1 million a year in interest alone.

[MYU]

Exactly... who was the person who took this loan and why?

[qblockpete]

Long time ago.

must be the only club in football history that comes out of administration, with a 10 million debt plus interest to pay for years to come

[MYU]

Listening to the Jnet Radio show and find out about the ABC loan which was brought in to stop someone from buying QPR.