QPR take out £15M (or was it 150 million) loan for a new stadium despite relegation

[vblockranger]

"The £15m was secured on the first working day after QPR's 3-2 defeat to Aston Villa in the Premier League"

any relevance?

[zeberdee]

" Accounts for 2011-12 show that QPR's wage bill doubled to £56m and that the club made losses of £23m during that period, which does not include January's splurge."

Why do journalists talk about "January's splurge" like that, like it is the same thing as the summer spending, which it is not really.

Obviously it is not my money but imo it is nailed on that one of the top 4 clubs will buy Remy, should even make a profit on him too if the contracts was drawn up right. Could almost certainly say the same about Samba too. Definitely see Fergie buying them two for £20m for example. 2 safe bets for £10m each, bargain really.

Couldn't say anything like that about any of the summer signings - the Summer and January transfers are chalk and cheese imo

[vblockranger]

Why do journalists talk about "January's splurge" like that, like it is the same thing as the summer spending, which it is not really.

Obviously it is not my money but imo it is nailed on that one of the top 4 clubs will buy Remy, should even make a profit on him too if the contracts was drawn up right. Could almost certainly say the same about Samba too. Definitely see Fergie buying them two for £20m for example. 2 safe bets for £10m each, bargain really.

Couldn't say anything like that about any of the summer signings - the Summer and January transfers are chalk and cheese imo

Possible with Remy but Samba??? not worth £5million let alone £12million. Apparently he is being lauded by TF as being the last one out of the dressing room on Saturday...commitment TF calls it when actually it was because it took 45 minutes for the slow **** to get dressed and another 20 minutes to turn round and face the door.

[LoftusRoadLad]

"The £15m was secured on the first working day after QPR's 3-2 defeat to Aston Villa in the Premier League"

any relevance?

The day we blew any chance of staying up.

[superhoop67]

Why do journalists talk about "January's splurge" like that, like it is the same thing as the summer spending, which it is not really.

Obviously it is not my money but imo it is nailed on that one of the top 4 clubs will buy Remy, should even make a profit on him too if the contracts was drawn up right. Could almost certainly say the same about Samba too. Definitely see Fergie buying them two for £20m for example. 2 safe bets for £10m each, bargain really.

Couldn't say anything like that about any of the summer signings - the Summer and January transfers are chalk and cheese imo

do you honestly think SAF would buy Samba

[zeberdee]

Possible with Remy but Samba??? not worth £5million let alone £12million. Apparently he is being lauded by TF as being the last one out of the dressing room on Saturday...commitment TF calls it when actually it was because it took 45 minutes for the slow **** to get dressed and another 20 minutes to turn round and face the door.

I think Remy was the one Harry really wanted and he came good. TF was after Samba in the summer and got him in January. Aside from that 2 legged donkey style mare at the cottage he has been good. Maybe not great but he is a big lad on mid season break so it takes him a while to get up to speed and CD position is harder to shine. Anyway if the club wants to sell him somebody will buy him for sure because he is quality and they will overlook the odd glitch.
Compare that to say Granero, who is going to pay £9m for him............................

[zeberdee]

do you honestly think SAF would buy Samba

I could see him, or any of the top4 taking the pair for £20m. Samba is a better player than his QPR form but even that wasn't bad much of the time. Big shoes to fill in Nelsen. But he is a very good EPL CD imo.

[superhoop67]

I could see him, or any of the top4 taking the pair for £20m. Samba is a better player than his QPR form but even that wasn't bad much of the time. Big shoes to fill in Nelsen. But he is a very good EPL CD imo.

so youre saying Nelsen was better than Samba

[QprSinceBirth]

So it's been guaranteed by tony ect meaning if the club don't pay it they will whats the problem?

[Kirill]

Oh right ....so what you gonna do then???

Thanks for asking, at this point we could only do damage limitation of course - sell all those players who are worth big money, release a few other big earners that can't be sold, build a new young hungry team on a tight budget, at first just for Championship survival, so that we could steady the finances and gradually prudently improve the team to mount a promotion challenge in a few years' time.

But you know this ain't gonna happen. Just like these "businessmen" gambled with shedloads of money to retain our PL status, they will now gamble again with loaned money to try and get promoted straight away. Gamblers always like to do that, scrape the bottom of the barrel and borrow to try and win back ASAP what they have just squandered, only to end up even worse off.

[Hornchurch Hoop]

If the loan has been arranged by Barclays Hong Kong as the headline suggests, this would mean the loan has been arranged through Barlays Capital (Investment Bank) and could well be part of a larger deal with the shareholders as they have lucrative businesses interests that would be of interest to the larger Barclays Group. What Bank wouldnt want to have a relationship with the Mittal's and potentailly to a lesser extent Fernandes? Most UK Bank's dont want the risk of Football Clubs, who remembers the CO-OP Bank trying to pull the plug on Sheff Weds and being met with a barrage of abuse from the residents of Sheffield. The club is far from debt free as the holding company is significantly indebted to the shareholders and them walking away is a far greater threat than a UK Bank pulling the plug.
This may be a prudent measure to help the club smooth out cash flow issues over the summer when they receive little or no revenue but still have costs such as salaries and upkeep of the stadium etc. And to ensure we are able to survive before we sell a number of our overpaid so called stars? How many of us use an overdraft facility before we get paid?
Its worth remembering that Barclays were extremeley supportive of the club for a number of years prior to Tango & Cash taking over when the club moved its banking to Ecclestones Bank. If the stadium plans come to fruition a supportive banking partner will be needed so makes good business sense for Barclays to become involved.

[QPR71]

I would presume as others have suggested that it relates to warren farm, which will be held as a qpr asset.
12m for land and 3m for development. the 15m debt and the land assets equals a balanced set of qpr accounts.
they can not secure against warren farm itself as they are merely the preferred bidder till planning is confirmed.

I see nothing suspicious......(not an expert view just presumption)

[QPR71]

If the loan has been arranged by Barclays Hong Kong as the headline suggests, this would mean the loan has been arranged through Barlays Capital (Investment Bank) and could well be part of a larger deal with the shareholders as they have lucrative businesses interests that would be of interest to the larger Barclays Group. What Bank wouldnt want to have a relationship with the Mittal's and potentailly to a lesser extent Fernandes? Most UK Bank's dont want the risk of Football Clubs, who remembers the CO-OP Bank trying to pull the plug on Sheff Weds and being met with a barrage of abuse from the residents of Sheffield. The club is far from debt free as the holding company is significantly indebted to the shareholders and them walking away is a far greater threat than a UK Bank pulling the plug.
This may be a prudent measure to help the club smooth out cash flow issues over the summer when they receive little or no revenue but still have costs such as salaries and upkeep of the stadium etc. And to ensure we are able to survive before we sell a number of our overpaid so called stars? How many of us use an overdraft facility before we get paid?
Its worth remembering that Barclays were extremeley supportive of the club for a number of years prior to Tango & Cash taking over when the club moved its banking to Ecclestones Bank. If the stadium plans come to fruition a supportive banking partner will be needed so makes good business sense for Barclays to become involved.

interesting post...good points

[Hitman34]

can i be right in thinking fernandes and amit went cap in hand to the bank and asked for 15 mil and in return we remorgage loftus road?

just goes to show despite the stup amounts of money that mittal and co own their arms are indeed to short to reach their pockets.

15 mil to them is like a couple of hunderd to us.

if the mittals were ever serious about us they would have payed another 20 mil to t and c and bought us out right.

to me, they are just here because football has become a place to be seen.
its the in thing innit!

[QPRDave]

can i be right in thinking fernandes and amit went cap in hand to the bank and asked for 15 mil and in return we remorgage loftus road?

just goes to show despite the stup amounts of money that mittal and co own their arms are indeed to short to reach their pockets.

15 mil to them is like a couple of hunderd to us.

if the mittals were ever serious about us they would have payed another 20 mil to t and c and bought us out right.

to me, they are just here because football has become a place to be seen.
its the in thing innit!

you ever appy with anyone here?!!!!!...you grumpy f*cker!!!