Old Oak Common latest

[Kevin Mcleod]

If you were sitting as a businessman in OOC and the current QPR board were wandering around after amassing £200m debt and writing off £60m, offering Luke Young £35k p/w ..you're hardly going to fill you with confidence that the same lot are going to make a blistering success of OOC.
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Very good post and makes a lot of sense, but this part i really don't get, so are we still in 200 million pounds worth of debt, and they only wrote off the 60 million then?

[TBLOCKRANGER]

Very good post and makes a lot of sense, but this part i really don't get, so are we still in 200 million pounds worth of debt, and they only wrote off the 60 million then?

Interesting point mate, just googled to see what's out there and got this from the Torygraph

http://www.telegraph.co.uk/sport/football/teams/queens-park-rangers/12029874/QPRs-owners-have-ploughed-in-almost-a-quarter-of-a-billion-pounds-what-do-they-have-to-show-for-it.html

I thought we just wrote off £60m but seems the write off is a little more. Don't think this model is used at Harvard business school...

[Olly]

TF has said that the stadium will belong to the club no matter what. If he gets the surrounding land he wants, he has the options of getting the owners money back and then putting a lot into revenue for the club if that's allowed? Could that extra land be classed as part of QPR holdings?

[Stanley]

Interesting point mate, just googled to see what's out there and got this from the Torygraph

http://www.telegraph.co.uk/sport/football/teams/queens-park-rangers/12029874/QPRs-owners-have-ploughed-in-almost-a-quarter-of-a-billion-pounds-what-do-they-have-to-show-for-it.html

I thought we just wrote off £60m but seems the write off is a little more. Don't think this model is used at Harvard business school...

Correct, the £200m debt was all converted to equity. I think the Barclays loan remains though.

[James1979]

It was never really a debt in the first place as it was funds advanced by the shareholders. TF is our chairman so we should support him and not this cargiant fella. Supporting qpr is not about being rational it's whatever is best for our club

[geejaybee]

Cargiant chief slams QPR

http://www.kilburntimes.co.uk/sport/football/cargiant_chief_slams_qpr_for_misleading_and_inaccurate_stadium_claims_1_4460656

[brightonr]

Re-hashed old news from a while back mate.

Here's a thread from on here about it a week ago.

http://www.wearetherangersboys.com/forum/showthread.php?192406-Car-Giant-Old-Oak-Common-update

Keep up!

[West London is Rss]

Can this cargiant fellow not just 'do one'

[OneJamieMackie]

Can this cargiant fellow not just 'do one'

Have you seen how big Car Giant is though? Massive company!

[West London is Rss]

Have you seen how big Car Giant is though? Massive company!

Lets be honest though, CarGiant are just a cowboy used car dealership but on a bigger scale.

[maidstone_hoop]

As Lee Hoos pointed out - Car Giants plan also include building and developments on site on OOC that they don't own.

Both the current and potential new London Mayor are pro the new stadium and I think he's just fighting a losing battle.

[superhoop67]

Lets be honest though, CarGiant are just a cowboy used car dealership but on a bigger scale.

bit like a cowboy football club i know

[Joe90]

I've been spending a lot of time in the Willesden/Harlesden area recently. There's a massive plot of land called "Heathrow Train Care Facility" on the other side of the canal opposite Car Giant. I don't understand why we can't buy that and build a stadium? Is that the land that Car Giant own?

[Stanley]

I've been spending a lot of time in the Willesden/Harlesden area recently. There's a massive plot of land called "Heathrow Train Care Facility" on the other side of the canal opposite Car Giant. I don't understand why we can't buy that and build a stadium? Is that the land that Car Giant own?

No it isn't, and the club have reportedly already bought up plots of land in that area.

[West London is Rss]

bit like a cowboy football club i know

Brentford, Fulham or Chelsea?