Wet Spam on Fernandes...

[UB6-RANGER]

http://www.kumb.com/forum/viewtopic.php?f=2&t=134194


Loving the quote on page 2 by side of Ham

"Don't really care if he turns QPR into a successful club because i'd never ever want to be a QPR fan, bit like Fulham with their relatively good success, great but i don't want to be a part of it as they ain't my type of supporter."

bit like Fulham with our relatively good success HAHA... If we've experienced success in my lifetime I'd like to know what failure feels like.

[Ellerslie]

He's talking about Fulham's relative recent success.

[UB6-RANGER]

Apologies i was feeling autistic.

[indianalondon]

Very interesting read on that board..this made me sit up


An interesting move by Fernades .

Taking control of QPR by buying 66% of the shares from Biatore and Ecclestone for £35m ( cash ), valuing the club at around £53m looks to my eyes an expensive entry price to the world of PL football . Randy Lerner, by contrast purchased what I believe is a much bigger club, Aston Villa for around £62m .Villa Park, even when viewed through the harshest eyes would be developed to a much higher standard than Loftus Road , hold nearly 20,000 more fans , but suffers from low pricing of tickets given it's location in the depressed and depressing Midlands .

The other third of QPR will remain the property of Lakshmi Mittal , who is richer than God , and certainly richer than Tony Fernandes - so much so he could buy him out of petty cash .To put it in context , Mittal owns 41% of AccelorMittal, the worlds largest Steel company ( 8% of global output in an extremely fragmented market) , with annual revenues of $78bn, and profits of around $3bn - of which of course , 41% is Mr Mittals, if fully distributed to shareholders .Last year he only got a dividend of around $500m .

That's one years profits and dividends by the way . Tony Fernades by contrast owns less than 26% of Air Asia, which has annual revenues of around £800m and and operating profit of around £200m , so his annual dividend will be less than £50m , and probably not that as his shareholder is split between him and a few others .

So at QPR the main shareholder could be blown out of the water by the minority shareholder , who has as yet deemed it not worth investing significant sums of his personal fortune in , preferring instead to issue loans to the club , which Fernades has immediately suggested he ( Mittal) converts to equity .Given the reinstatement of Mittals son in law as Vice Chairman I would bet on that becoming a reality quite soon , but should not be taken as anything other than a token of goodwill , and not a change in strategic direction .
Fernades has been quoted as wanting to run QPR on self financing principles , with perhaps his ability to swing sponsorship by Air Asia being the best gift he can bring to the table .

Personally I wish him well at QPR, he came across as being very professional in the TV interviews earlier , and he will bring some decent marketing savvy to the West London club .The reality he needs address though is if they are serious about their pursuit of Scott Parker, his wages alone will consume £4 out of every ticket they sell at Loftus Road, and that's for 19 Saturdays a year .Somebody else has to fund Scotts wages the other 33 Saturdays .

It's an expensive hobby , and unless Lakshmi Mittal can be persuaded to start throwing money at it , Tony Fernandes won't be spending fortunes on players either .To draw a further comparison with Aston Villa , Randy Lerners total investment is now estimated at £270m including his initial purchase price .

The decent thing Fernades has done is to request Mittal to convert his loans into equity - if he does so , it puts QPR on a better financial footing than another club I could mention .He has a seat at the table , but I'm not sure he can afford the price of the food .
Last edited by the pink palermo on Thu Aug 18, 2011 6:30 pm, edited 1 time in total.

the pink palermo

Posts: 14306
Joined: Thu Sep 03, 2009 12:00 pm
Location: In the Back As Champions lounge

[UB6-RANGER]

They def have alot to say about us... ahhhhh to be in the top flight.

In all seriousness however at least there appears a more stable plan for the clubs future, all this academy business should of been taken care of by now if our prior owners ever had any long term intentions.

[indianalondon]

They def have alot to say about us... ahhhhh to be in the top flight.

In all seriousness however at least there appears a more stable plan for the clubs future, all this academy business should of been taken care of by now if our prior owners ever had any long term intentions.

I'm always surprised at how decent hammers fans generally are!

Really enjoyed reading that thread, cheers for the link. Interesting how some thought Tony was all mouth, from what i heard (and have seen/read) their owners are a bunch of cowboys (and cowgirl).

Its fantastic that we're looking at academy and youth again. Dont get me wrong I think Gallen (and birch) do a blinding job but i would have expected some kids to break thru and they havent as of yet.

Saying that, we made a small mint of Parret - who doesnt seem to have done much. And from Sterling, time will tell on him I suppose

[MattyRangers]

Very interesting read on that board..this made me sit up


An interesting move by Fernades .

Taking control of QPR by buying 66% of the shares from Biatore and Ecclestone for £35m ( cash ), valuing the club at around £53m looks to my eyes an expensive entry price to the world of PL football . Randy Lerner, by contrast purchased what I believe is a much bigger club, Aston Villa for around £62m .Villa Park, even when viewed through the harshest eyes would be developed to a much higher standard than Loftus Road , hold nearly 20,000 more fans , but suffers from low pricing of tickets given it's location in the depressed and depressing Midlands .

The other third of QPR will remain the property of Lakshmi Mittal , who is richer than God , and certainly richer than Tony Fernandes - so much so he could buy him out of petty cash .To put it in context , Mittal owns 41% of AccelorMittal, the worlds largest Steel company ( 8% of global output in an extremely fragmented market) , with annual revenues of $78bn, and profits of around $3bn - of which of course , 41% is Mr Mittals, if fully distributed to shareholders .Last year he only got a dividend of around $500m .

That's one years profits and dividends by the way . Tony Fernades by contrast owns less than 26% of Air Asia, which has annual revenues of around £800m and and operating profit of around £200m , so his annual dividend will be less than £50m , and probably not that as his shareholder is split between him and a few others .

So at QPR the main shareholder could be blown out of the water by the minority shareholder , who has as yet deemed it not worth investing significant sums of his personal fortune in , preferring instead to issue loans to the club , which Fernades has immediately suggested he ( Mittal) converts to equity .Given the reinstatement of Mittals son in law as Vice Chairman I would bet on that becoming a reality quite soon , but should not be taken as anything other than a token of goodwill , and not a change in strategic direction .
Fernades has been quoted as wanting to run QPR on self financing principles , with perhaps his ability to swing sponsorship by Air Asia being the best gift he can bring to the table .

Personally I wish him well at QPR, he came across as being very professional in the TV interviews earlier , and he will bring some decent marketing savvy to the West London club .The reality he needs address though is if they are serious about their pursuit of Scott Parker, his wages alone will consume £4 out of every ticket they sell at Loftus Road, and that's for 19 Saturdays a year .Somebody else has to fund Scotts wages the other 33 Saturdays .

It's an expensive hobby , and unless Lakshmi Mittal can be persuaded to start throwing money at it , Tony Fernandes won't be spending fortunes on players either .To draw a further comparison with Aston Villa , Randy Lerners total investment is now estimated at £270m including his initial purchase price .

The decent thing Fernades has done is to request Mittal to convert his loans into equity - if he does so , it puts QPR on a better financial footing than another club I could mention .He has a seat at the table , but I'm not sure he can afford the price of the food .
Last edited by the pink palermo on Thu Aug 18, 2011 6:30 pm, edited 1 time in total.

the pink palermo

Posts: 14306
Joined: Thu Sep 03, 2009 12:00 pm
Location: In the Back As Champions lounge

Tbf, although thats a good detailes post, when it comes to comments regarding TF's wealth: he is part of a 3 man Malaysian consortium. Who knows the money they have between them? Also, I have read TF has recently made some very promising and savvy business moves and acquisitions, he is by no means a poor man.

The Mittals and TF are "working as 1" (so I believe) and so TF's individual wealth will have little bearing on financing the club.

[Minty]

Not sure if anyone else picked up on this, but Fernandes is 'in bed' with other investors with this deal - some of his business partners. It seems that TF is simply the figurehead.

Therefore, we can assume that these other investors also have considerable financial clout.

Ergo, it's not just TF's money that's come into the club.

Reference (3rd and 7th paragraphs):

http://www.qpr.co.uk/page/NewsDetail/0,,10373~2424165,00.html

.

[stainrodisalegend]

Interesting post by the Hammer fan. Element of sour grapes as who - bar Abromavich, the City owners and Mittel - would fit into his category of having enough money to "dine at the Premier League table". But it does back up my point on another thread that some fans need to be a bit more realistic about the likely players coming in.