Originally posted by Timmy the Doc
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Originally posted by stainrodisalegend View PostYou are a very generous man with someone else's money, aren't you? You say Fernandes has "huge personal wealth". Er, he is apparently worth £250m/ £300m - we cd quite easily be spending a tenth of that in this transfer window alone. This isn't Monopoly money you know. All v well to say "we cd recoup the money if we go down". Well how much is a anyone going to pay a Championship club for 32-year-old players with relegation clauses in their contracts? Not a lot wd be my guess. I like your enthusiasm for the club but, with the greatest respects, I'm mightily relieved you aren't our CEO.
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Tony and his other two consortium members own two thirds. Lakshmi Mittal the other third. If the budget is £30m, Tony's share is around £6.5m. For a man worth a reputed £400m and rising, it's not a lot and definitely worth the risk.Supporting QPR isn't just about a football team. It's about roots and identity.
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Originally posted by QPR Richard View PostTony and his other two consortium members own two thirds. Lakshmi Mittal the other third. If the budget is £30m, Tony's share is around £6.5m. For a man worth a reputed £400m and rising, it's not a lot and definitely worth the risk.
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Originally posted by stainrodisalegend View PostWhy the assumption that its rising, and why the inflated figure? In case you haven't noticed there is a global recession on and airlines are doing particularly badly. You are also ignoring the fortunes he and the board have put in to buy the club and fund two earlier transfer windows. "Definitely worth the risk"? To you of course because you have absolutely nothing to lose. Not such an easy decision to someone who has worked their entire life to build their fortune. The other two partners are reportedly worth similar amounts to Fernandes. The Mittels are different league but as you well know, it is far from clear that the father in law who holds the money is keen to invest that much. In short its like you dashing out and buying a really expensive car. Maybe you can afford it, but its not without consequences and will mean you won't be able to buy other things. You just need to be a bit more intelligent about putting yourself in the other guy's shoes.
And I read somewhere recently that his businesses are doing well so one would assume his personal fortune is growing. The fact that he's putting his hand in his pocket this window, like every other window, suggests he thinks it's worth the risk, thus throwing your typical know-it-all comments right out the window. speculate to accumulate I think it's called.
Oh, and I do have something to lose. If this goes wrong, my club could be gone, but don't let that small fact get in the way of your rant....Supporting QPR isn't just about a football team. It's about roots and identity.
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Originally posted by QPR Richard View PostSorry, should've been dollars, http://en.wikipedia.org/wiki/Tony_Fernandes
And I read somewhere recently that his businesses are doing well so one would assume his personal fortune is growing. The fact that he's putting his hand in his pocket this window, like every other window, suggests he thinks it's worth the risk, thus throwing your typical know-it-all comments right out the window. speculate to accumulate I think it's called.
Oh, and I do have something to lose. If this goes wrong, my club could be gone, but don't let that small fact get in the way of your rant....
Why would the club be gone?
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I care too and I wholeheartedly agree with what others have said about the valuation. If we spend 10M then TF has more money than sense. 3-4M would be my valuation too.'Only a Ranger!' cried Gandalf. 'My dear Frodo, that is just what the Rangers are: the last remnant in the South of the great people, the Men of West London.' - Lord of the Rings, Book II, Chapter I - Many Meetings.
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Originally posted by QPR Richard View PostSorry, should've been dollars, http://en.wikipedia.org/wiki/Tony_Fernandes
And I read somewhere recently that his businesses are doing well so one would assume his personal fortune is growing. The fact that he's putting his hand in his pocket this window, like every other window, suggests he thinks it's worth the risk, thus throwing your typical know-it-all comments right out the window. speculate to accumulate I think it's called.
Oh, and I do have something to lose. If this goes wrong, my club could be gone, but don't let that small fact get in the way of your rant....
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