Further reports have come out painting Sunderland chief Stewart Donald in a bad light after it was claimed that he can charge more interest on a loan to the company that owns the club.
There have been plenty of stories about the owner in recent weeks and it had been claimed that the hierarchy had written off a £20m debt that they had promised to pay back after using the funds from parachute payments to help purchase club.
Whilst the club would deny those allegations and they made their feelings clear with a statement on the official site, it didn’t stop the support criticising Donald for the way he has operated.
Exclusive: SAFC owner Stewart Donald can charge interest up to 9% above base rate on loan to company that owns club, document reveals. Donald refuses to comment but exec Neil Fox says we must be “Newcastle fans” for probe into finances & bans us from club https://t.co/uEqyeXx6mH
— Craig Hope (@CraigHope_DM) May 15, 2020
And, the Daily Mail have now claimed that the club ‘can charge interest up to 9% above base rate on loan to company that owns club’. This has heightened the concerns the fans have about his long-term intentions and they were quick to criticise Donald again.
Here we look at some of the reaction to the update…
Donald will never be seen in the City of Sunderland ever again, genuinely think he'll be physically attacked if he does try to come back.
— Smithy (@smithy212178) May 15, 2020
Keep it going Craig. Nice to see journos laying into Donald and co. and uncovering the truth behind these cowboys
— Paul (@paulthomase) May 15, 2020
Does it matter said he would be gone end of May 🤔 we can only wish and hope
— Tim (@safctim) May 15, 2020
Keep digging for the truth !!! If there was nothing to hide there wouldnt be so many questions
— David Gray (@SAFC_DAVE) May 15, 2020
Keep up the good work Craig. Donald and his pals are a joke and they are destroying the club right before our eyes. Ignore the pathetic “he’s a mag” rubbish his fan boys spout. Can let go of that pint they bought him when they thought he was the saviour!!!
— The Con (@TheConOut) May 16, 2020
So Donald can borrow from the bank at 5% secured against the club assets, then re-lend the cash to the club at 9%. Its a classic Mafia skim.
— Philip Shortland (@PhilipShortland) May 15, 2020
I've criticised you in the past for your attitude to SAFC but this is beyond the pale. Banning you is disgraceful. Please don't let it drop.
— Richard Keith Purdom (@Rich_Purdom) May 15, 2020