what the board are trying to do

[rangersroar]

http://qprreport.blogspot.com/2008/07/qprs-abc-loan-update.html

According to posters on a couple of posts on QPR fan boards - Indyrs and QPRdot.org they have received a mailing (presumably being QPR shareholders) seeking their approval for the ABC Loan is set to be paid off and the loan transferred to an Amulya Property Limited, which is supposedly connected to Flavio Briatore and Amit Bhatia. The Amulya loan will reportedly be at 8.5%. It is for two years, and Loftus Road is collateral.
As the posters note, they have till August 20 to approve. The ABC loan requires to be paid on or before 31st July 2008. Further details on the two messageboards.


So the question is, who's benefiting most from the loan, QPR or Briatore and Bhatia?

[eghamhoop]

with respect qpr report is a clown , and i dont go anywhere near those boards

[writtler]

2008 Letter to QPR Shareholders:
"The company is required to repay an existing loan of £10M to ABC on or before the 31/7/08. ABC currently has an option over the Loftus Road Stadium which becomes exercisable if the company fails to repay the loan in full by 31/7/08.

The company requires financing in order to repay the loan. The company has sought to secure this financing from various financial institutions, but has been unable to do so owing to conditions and requirements of those institutions. As a result Amulya has agreed to advance a loan of £10m to the company in order to allow the company to repay the loan by 31/7/08 and thereby avoid the possibility of ABC exercising their option and acquiring the title to the stadium.

However as a condition to advancing the loan, Amulya requires the company to enter into the option. The option is on substantially similar terms to the ABC option. It grants Amulya an option to buy the stadium for £10M which is exercisable in the event the company fails to repay Amulya when the loan is due.

The term of the Amulya loan is two years. The rate is 8.50% compared with ABC's 10 %.Amulya Property Limited is a company that both Briatore and Amit Bhatia are connected with and also happens to share its name with a large Indian Property Company."

Egham - that is from a letter to the shareholders...

[eghamhoop]

2008 Letter to QPR Shareholders:
"The company is required to repay an existing loan of £10M to ABC on or before the 31/7/08. ABC currently has an option over the Loftus Road Stadium which becomes exercisable if the company fails to repay the loan in full by 31/7/08.

The company requires financing in order to repay the loan. The company has sought to secure this financing from various financial institutions, but has been unable to do so owing to conditions and requirements of those institutions. As a result Amulya has agreed to advance a loan of £10m to the company in order to allow the company to repay the loan by 31/7/08 and thereby avoid the possibility of ABC exercising their option and acquiring the title to the stadium.

However as a condition to advancing the loan, Amulya requires the company to enter into the option. The option is on substantially similar terms to the ABC option. It grants Amulya an option to buy the stadium for £10M which is exercisable in the event the company fails to repay Amulya when the loan is due.

The term of the Amulya loan is two years. The rate is 8.50% compared with ABC's 10 %.Amulya Property Limited is a company that both Briatore and Amit Bhatia are connected with and also happens to share its name with a large Indian Property Company."

Egham - that is from a letter to the shareholders...

from whom, as i know this not to be true

[Quaz]

wonder what the land is worth compared to the 10m to buy the stadium.......hmmm...i wonder....no won't even think that.

[eghamhoop]

wonder what the land is worth compared to the 10m to buy the stadium.......hmmm...i wonder....no won't even think that.

and if this is true which i very much doubt, why does everyone want mittals as the new owners!!!!!

[Quaz]

and if this is true which i very much doubt, why does everyone want mittals as the new owners!!!!!

i didn't mention mittals in that quote....just my thoughts on the price of land

[eghamhoop]

i didn't mention mittals in that quote....just my thoughts on the price of land

i know you nether but i was adding to your point

[Quaz]

i know you nether but i was adding to your point

perhaps some don't think on the same lines as me....i have always thought flav was here for a reason other than football.....we shall see.

[rangersroar]

from whom, as i know this not to be true

How ?

[eghamhoop]

How ?

are you a red indian?

[Tarbie]

are you a red indian?

I'll think you'll find the politically correct term is Native American!!!!

[Nodge70]

The loan is with Sarita, owned by FB and AB. It is interest bearing and is repayable at Sarita's whim. Or as good as. This is not a loan with a reputable bank.
We are ****ed

[Tarbie]

The loan is with Sarita, owned by FB and AB. It is interest bearing and is repayable at Sarita's whim. Or as good as. This is not a loan with a reputable bank.
We are ****ed

Makes me worry when genuine ITK's make statements like "we are ****ed"!!!!

[Quaz]

The loan is with Sarita, owned by FB and AB. It is interest bearing and is repayable at Sarita's whim. Or as good as. This is not a loan with a reputable bank.
We are ****ed

my theory could still be right then...always thought they were here for the land.......smells that way to me.