Quote ="wereutherein1987?"He has pumped in money! the fact it has been paid back doesn't account for anything, he was there when the club needed a loan.'"
Past tense. And the fact that it has been repaid in full counts for a lot, I'd say? And care to post on here how much he loaned? And anyway, has no bearing whatsoever on the "conflict of interest" question. The fact that you loaned the club money for a period - and, probably more significantly, gave masses of time for no reward, does not confer any special rights to act in your own interests and against the club.
Not that I am suggesting he is; I very much doubt he is.