Rumours via QPR Report and Rodney Marsh club for sale. Apparently a load of share capital has just been released according to Companies House, possibly debts turned to equity...
Just looked. They capitalised about £181M of loans on 12 October, according to the filed allotment of shares form.
I would imagine more to do with FFP and probably something that has long since been planned, probably since our relegation. Having said that, I would expect that the loans would be capitalised and the shares sold (for a huge loss) rather than the debts just being written off, if the company (meaning QPR Holdings) were being sold.
Isn't that what the Leicester owners did to wipe out their horrendous debt? Might be a good thing, getting towards balance. Also makes it easier to sell the club with little/no debt as long as they don't expect to get anything like that back when they sell. Perhaps that £181m represents what the Malaysians have put in and they will transfer the shares to the Mittals. Or the other way round. What the **** do I know, I'll just wait for P. Damage Esq to tell me. Perhaps this will spark off an orgy of speculation and for once it would be nice for Tone to tweet something about it.
I agree that as it's such a sizeable transaction and is now public, some sort of announcement should be considered by the club to halt fans speculation.
Who the fook would want to buy us? I just can't see many billionaires with deep pockets lining up to buy the white elephant our club has become!
Probably adds kudos to the fact that Air Asia is in deep sh*t financially as well. TF's 'house of cards' beginning to wobble?...
Isn't Richard Branson supposed to be a QPR fan? Probably too sensible to buy QPR. However with his proven track record of success, I would love him to buy QPR. Having said that, I'd be more happy with Amit and Mittal.
Let's hope so if Tony really is selling up. As for Branson he showed interest in buying Crystal palace in 2011 and your right, he is to sensible for us!
You forget some of the less successful Virgin ventures. Virgin Vie (Bodyshop competitor), Virgin Cola, Virgin Computers, Virgin Brides, the buyout of Our Price and Virgin Formula One. Be careful what you wish for. Anyway, I think Branson is too astute to get involved in football.
Why don't we have a not606qpr whip round? I'm sure we could raise over 25 pounds between us all toward buying Tony out...
Doesn't this now mean that the debt is gone? If anyone comes into buy the club they don't have to cover the debt. Companies House have released and discharged £180,697,427 of interest free loans. So as the debt has been used to buy something it is gone, which means that that the shareholders aren't owed anything. Here's the paperwork, how to make £180,000,000 disappear. please log in to view this image
On the contrary UTR's, the vultures wait till businesses like us start to fall, wait till we are drawing our final breath, then swoop in to buy at rock bottom price ...... Just like tango & cash. We just need to hope that whoever buys us, is somewhat football mad. In saying that, surely one would expect the Mitals to simply take over the club as a whole. They have the money, it just comes down to whether they wish to amuse themselves with us a little longer.
