The 39-year-old singer originally left the boyband back in 1995 and explained that he was asked to leave before the date he stated he would go, reported Digital Spy.
"For reasons I can't go into because certain people like suing me - and they like winning - there was a big need for me to get out of my contract and out of that record company.
"I think I made a million or something in Take That and then it cost me a million and a half to get out of the deal. So as a 20-year-old I ended up coming out of Take That owing 500,000 pounds," he said.