Loftus road ownership update..Inc Shareholders Letter.. Merged Thread

[qblockpete]

Peteg

What do you think?

Seriously asking as don't really understand it

[80sCasual]

So no new ground for the forseeable future then, or will they make a decision come January if LR is paid off?

[IsleworthRanger]

So what is the bottom line here? Will this affect our chances of going up this season?

[Jeff]

don't see what the problem is here - it looks like all they're doing is moving their own money, assets and loans around a bit.

With the greatest respect to the chicken lickens on this board worried that this is the harbinger of doom, they've probably got a bit more business acumen than we have...

[qblockoompah]

can somebody please put this in laymans terms for me please?

[IsleworthRanger]

don't see what the problem is here - it looks like all they're doing is moving their own money, assets and loans around a bit.

With the greatest respect to the chicken lickens on this board worried that this is the harbinger of doom, they've probably got a bit more business acumen than we have...

Some will unfortunately seize this news as automatically bad for the club without the full facts

Who knows it may actually be good for us but lets find out what it all means first before declaring the end is nigh etc

[Devo]

Good to see that you have learned to find out facts first before making an ill-informed comment Isleworth. The only thing, and I speak as a shareholder, that concerns me is that directors of the club have overseen a defaulted payment to a company that themselves own, there must be a reason for that, overwise they surely would have ensured that the club made the payment when it was due. Perhaps it is part of a potential share purchase of the club as has been suggested recently and the extra time is required to go through the negotiations and due process- just guessing.

[IsleworthRanger]

Good to see that you have learned to find out facts first before making an ill-informed comment Isleworth. The only thing, and I speak as a shareholder, that concerns me is that directors of the club have overseen a defaulted payment to a company that themselves own, there must be a reason for that, overwise they surely would have ensured that the club made the payment when it was due. Perhaps it is part of a potential share purchase of the club as has been suggested recently and the extra time is required to go through the negotiations and due process- just guessing.

As a shareholder myself Devo I intend finding out exactly what this latest action entails rather then go for the knee jerk doom and gloom reaction like your pals but I guess it was just too tempting for you to have a snide dig wasnt it?

[Nodge70]

OK - From the cyncial point of view, this looks like a deliberate manipulation of the loan to allow a default which will allow members of the current set up to purchase the ground and land on the cheap at less than half it's book value.

From an optimistic view, it would look like buying more time to complete a share transfer or complete change of ownership prior to the loan being called in.

I certainly don't know but you can read either situation into it IMO.

[E6 Ranger]

Well said.

[qblockpete]

Would be good to know the full reasons/story.

Until then we can only speculate.

[Devo]

I can see you are a shareholder Isleworth- the replication of your shareholder letter gave it away. I only voiced my concerns/theories, not those of my 'pals'. As for snide digs, I had to put up with yours (slightly more than snide digs) for a couple of years, so don't take it too personally, just a bit of fun with a fellow shareholder.

[IsleworthRanger]

I can see you are a shareholder Isleworth- the replication of your shareholder letter gave it away. I only voiced my concerns/theories, not those of my 'pals'. As for snide digs, I had to put up with yours (slightly more than snide digs) for a couple of years, so don't take it too personally, just a bit of fun with a fellow shareholder.

Fair do`s

Onwards and Upwards hopefully

[Tracy]

No pre-paid envelope provided to send the blurb back. Cheapskates

[PeterG]

qpr holdings have failed to pay back the loan 10M at the appropriate time.

Apart from being owned by Briatore and Bahtia plus 1 Amulya has no connection with Queens Park Rangers however unless some deal is reached by the parties involved they will aquire the stadium and the ground it is built on valued at 21.5M in return for the 10M originally loaned, a very nice profit indeed for Amulya.

Of course this also means the QPR holdings and Queens park rangers football club effectively lose 11.5 million and no longer own a ground or football stadium. you may choose to view this as I do as the football club losing its only tangible asset.

My guess is that this loan and our football stadium are caught up in a power struggle or tough commercial negotiations going on behind the scenes between the main shareholders. what the objectives of the individuals involved and the possible outcomes would be something we could only speculate on but it isnt giving me a warm feeling thats for sure.

If we were to quote a phrase "sailing in calm waters" then this default would not have been made or the loan would have been renegotiated before coming to term wouldnt it?

I dont think it is doom mongering to point out that supporters groups were told this situation would not arise when the details of this loan were originally questioned. Some were sceptical at that time and were apparently right to be concerned