According to the last Report/Accounts for 2008, there were 2 outstanding liabilities requiring short term repayment:
- A £500,000 loan from Valentin Ehmer, interest bearing at 8.72% and is repayable on 29 April 2010.
- A £2,000,000 (interest free) loan owing to Mr A Caliendo is repayable on 28 February 2011 and redeemable at any time prior to that date at the sole discretion of QPR
Perhaps the sale of WR is to fund the repayment of the first loan. Either way it would be good to have that interest rate of 8.72% reduced, if the loan is refinanced in April.
Presumably, the young Max Ehmer in the Youth team is related to Valentin?
- A £500,000 loan from Valentin Ehmer, interest bearing at 8.72% and is repayable on 29 April 2010.
- A £2,000,000 (interest free) loan owing to Mr A Caliendo is repayable on 28 February 2011 and redeemable at any time prior to that date at the sole discretion of QPR
Perhaps the sale of WR is to fund the repayment of the first loan. Either way it would be good to have that interest rate of 8.72% reduced, if the loan is refinanced in April.
Presumably, the young Max Ehmer in the Youth team is related to Valentin?
Comment