If QPR go down should Fernandes resign

[Kirill]

No! No! No! No! ....... Tony and his team are the best thing to happen to our club for a very long time.

Then I shudder to think what the worst thing would be.
Judge actions and results, not promises.

[PLYMHOOP]

You must of heard rumours of Multi Billionaire's willing to purchase Rangers then?...... I don't see any way forward without Tony and Millions to be honest! . I really do think that long term he will get it right.

[ArthurQPR_NYC]

woah! is vblock back!?

[Kirill]

You must of heard rumours of Multi Billionaire's willing to purchase Rangers then?

Funny you should mention a multi billionaire buyer. When Briatore sold QPR, the buyer did not have to be a multi billionaire. The debt was miniscule compared to today and with prudent management even that small debt would have been completely wiped off by the increased revenue at the end of our first PL season, even if we got relegated.
But now, after just a few years of their disastrous reign, to get QPR out of the current mess, the buyer would have to be insanely rich and simply insane. Just to pay off their "investment" for starters. That is not likely of course, so it looks like administration again in a few years' time.

[Kevin Mcleod]

Funny you should mention a multi billionaire buyer. When Briatore sold QPR, the buyer did not have to be a multi billionaire. The debt was miniscule compared to today and with prudent management even that small debt would have been completely wiped off by the increased revenue at the end of our first PL season, even if we got relegated.
But now, after just a few years of their disastrous reign, to get QPR out of the current mess, the buyer would have to be insanely rich and simply insane. Just to pay off their "investment" for starters. That is not likely of course, so it looks like administration again in a few years' time.

Ten million debt to a premiership club is like you owing your mate (if you have got one 'joke') a five pence piece.

[Rangersw12]

Ten million debt to a premiership club is like you owing your mate (if you have got one 'joke') a five pence piece.

What is 180 million debt then ?

[Kevin Mcleod]

What is 180 million debt then ?

Until im told that the board hasn't thrown that money at their hobby and are charging interest and want it all back its ten million in my blue and white eyes.

[stationcafe]

Sometimes I wonder if TF & co. get some kind of tax write off jobbie through QPR. You'd think that astute businessmen like themselves would know better than to pour money down the drain…

edit - http://www.independent.co.uk/sport/f...e-8373895.html

"Football enjoys an incredibly generous tax regime. First, because the UK asks very few questions about the interest that can be offset by companies against their profits. HM Revenue & Customs has been giving massive tax subsidies to foreigners to buy UK football clubs. Second, the tax treatment of transfer fees means that tax relief is given on these when paid.

"Since most Premier clubs pay out more than they get in transfer fees, the result is that they get up-front tax relief on payments that may not be reflected in their accounts for some time to come, meaning that many have considerable tax losses available to them not reflected in their reported financial performance, and pay little or no tax as a result. This needs review."

Fulham
A loss of almost £18m in 2010 meant that despite going £4.8m into the black, Fulham's tax losses carried forward amounted to more than £43m, leaving it exempt from corporation tax. The club donated £85,000 to its community sport charity, the Fulham Football Club Foundation.

So TF can potentially use the debt of his early years to avoid tax on future profits we make?

[Maidohoops]

Every company can and does do that. If I make a loss one year that loss is carried forward for the purposes of calculating corporation tax and profits in future years can be offset against it. It's hardly a cunning plan though, wasting £180m so that you can offset tax payments on the £3 or £4m profit you might make if everything pans out nicely.

[Joon]

What makes you so sure that a new manager would keep us up... there's no guarantee.

You're right that a new manager is not going to guarantee that we will stay up, but the status quo leaves us in relegation form. It's possible that the new manager may be no better than HR, but it is TF and the board's responsibility to fire underperforming managers and hire competent ones. They are supposed to find a competent replacement but are choosing to do nothing. Domestic options look slim but there must be competent coaches or managers available overseas. TF and the board should have looked harder, but they did not.

It's largely his own money to save or lose, but I feel that the choice is negligent. My guess is that TF is more concerned about handling AirAsia right now, so he is simply trusting HR to get the job done. It's the easy way out. At this point the decision has been made. Just have to hope for the best.

Listening to his interview now.

How ironic that I posted the above and then heard him deny exactly that.

[QPR Richard]

Why don't those people who are anti-TF start protesting at games, like Newcastle fans are doing with Mike Ashley, instead of hiding behind their keyboards whingeing every five minutes?

[vespa]

Why don't those people who are anti-TF start protesting at games, like Newcastle fans are doing with Mike Ashley, instead of hiding behind their keyboards whingeing every five minutes?

because no one knows whether Tony is going to want all his money back if he does walk away .
Why do you always want to stifle debate on whether TF is the saviour or the destroyer of QPR ?

[Yousef]

Anyone thinking TF should be go is mental. He is the first Chairman who realised we needed an academy and trying his best to establish it and as well as trying to build new new stadium. These things take time.

We have always struggled with our football even before his arrival. At least he proved this season he isn't willing to pay crazy money for expired players only looking for their payday. We have offloaded most of those players.

[QPR Richard]

because no one knows whether Tony is going to want all his money back if he does walk away .
Why do you always want to stifle debate on whether TF is the saviour or the destroyer of QPR ?

And why do you always want to stick the boot into the chairman every chance you get? It's relentless. Time to give it a rest eh? We know how you feel about TF.

[Joon]

Why don't those people who are anti-TF start protesting at games, like Newcastle fans are doing with Mike Ashley, instead of hiding behind their keyboards whingeing every five minutes?

You probably didn't mean me, Richard, but I like TF and voted no. I just don't like his decision regarding HR.