Holdings and Football Club

[sirpiechucker]

Apologises if this has already been asked and apologises for my lack of intelligence on this matter but when you own shares do you own shares in the Football Club or the Holdings Company? Who owns what? What are they?

[qprdad]

The structure is:

QPR Holdings, which is owned by various shareholders e.g. FB, Mittals BE etc.

This Company (QPR Holdings) owns 100% a subsidiary company 'The Queens Park Rangers Football Club Limited'

So, by virtue of ownership of the holding company, you have total ownership / control of its subsidiaries. Also, to directly answer your question, the shares that have supposedly been disposed / acquired are in the holding company.

Changing the subject slightly, I've searched Companies House today and confirm that no share restructuring has been notified (but this only legally has to be done once a year). So there's no way we can find out what the shareholding %ages are at present, other than the rather flaky wording in the Offish statement.

[scott_jones]

The structure is:

QPR Holdings, which is owned by various shareholders e.g. FB, Mittals BE etc.

This Company (QPR Holdings) owns 100% a subsidiary company 'The Queens Park Rangers Football Club Limited'

So, by virtue of ownership of the holding company, you have total ownership / control of its subsidiaries. Also, to directly answer your question, the shares that have supposedly been disposed / acquired are in the holding company.

Changing the subject slightly, I've searched Companies House today and confirm that no share restructuring has been notified (but this only legally has to be done once a year). So there's no way we can find out what the shareholding %ages are at present, other than the rather flaky wording in the Offish statement.

yeah, paid to check that as well :(

[qprdad]

yeah, paid to check that as well :(

I've got an account! - send me a PM next time and I'll look it up on-line for you

[sirpiechucker]

Thanks qprdad. So do we think (as you said there isn't a way of getting proof) that the Mittals own the ground outright or do they still have a loan along with Briatore to pay the old ABC Loan off?

Chances are that Briatore could have 20% shares but also could have just 5%.

[qprdad]

Thanks qprdad. So do we think (as you said there isn't a way of getting proof) that the Mittals own the ground outright or do they still have a loan along with Briatore to pay the old ABC Loan off?

Chances are that Briatore could have 20% shares but also could have just 5%.

No worries.......Now; the ground is owned by the subsidiary company and has a loan secured upon it. This loan was originally the ABC, and was repaid. Once the ABC loan was repaid, it was replaced by a loan from Sarita (I think that's the name from memory). Sarita is an offshore company which is owned / controlled by FB and Amit Bathia (spl?). The T's & C's of this new loan were more lenient that that which it replaced in so much as the interest rate was reduced. However, the ground is still up as collateral and if repayments are not made, then an order for reposession may be made by Sarita.

Re: Shares, my educated guess would be that the Mittals have taken control and will start to build properly for the future, knowing that they now have control. I would imagine that they have been reticent about lumping sums of money into the 'project' whilst the Orange Donut was playing at being a manager.

[qblockpete]

good analysis

[Sam-QPR]

i thought they said sarita capital was no more?