I have been thinking for a couple of months that the new Stadium (I still think Unigate Site!!) will be announced just after we are relegated to cheer everyone up!!
I have also got my fingers crossed for the Unigate-site. TF is good with timing, so why not use this news as good news when/if we are relegated or an extra boost when/if we stay up. The problem with announcing a new 40K stadium when relegated will make us the laughing stock of the joke-newspapers and WUM fans, unfortunately.
Personally I think 40K would be fine. It will be full for the "A" games, and then we would have the chance to encourage new fans for the lesser games. Going to schools like we did before, for example.
Yeah, Maybe Totally. I am sure that's the thinking and if West Ham can have a 60K stadium then no reason why we can't have a 40K one (providing we are in the Premiership!)
The fact is that without a new stadium we will never get back into the Premiership. We know that our present ground cannot sustain the club (especially with the new rules) and it will be too late if we shelve the plans waiting until we get back. If we do bounce back to the Prem in the next four years (whilst the parachute payments are there to help) the new stadium must have been started at the very least.
I think 30,000 with room for an 'easy' 10,000 expansion on promotion would be nice. Good time to take out loans, with interest rates as they are. I wonder if that is a factor.
Please do not mistake me for a WUM but I would like to ask a straight up question. If your owners are so rich and well off why do you need to pay interest at all?
Two potential answers, but happy to be corrected by those who know more about finance than myself. 1) I think outstanding loans can be used to off-set against profit and thus create a nice tax break for the club/owners. 2) If you have £15m, or even £100m, why use it for something with no return when you could instead pay for the stadium with a loan which has a very low interest rate - say 3% - and use your £100m to generate a return of - say 5% - in other more solid investments. Leaving yourself 2% to the good. Which when you're talking big sums could be quite a lot! Very happy to stand corrected.
As someone who does not work in the banking world, he is my take on it. QPR have paid out massive amounts of money and the 'business' needs to absorb the costs and not have it diverted to the directors other companies. Why, two reasons with the second becoming more relevant by the day. 1- As mentioned, the directors, naturally, have their own companies for which they probably diverted / absorbed the overall costs, since they have been on board, however, with so much spending over the past two years, they cannot absorb these vast sums of money without affecting the overall performance factor of those said companies, it will make those businesses look poor, affect borrowings etc for them as well. 2- So, unless we blessed with a miracle over the next couple of weeks, the board are now positioning themselves to absorb further costs by setting up QPR to run as a business, rather than a rich mans' money pit / play thing. The overall working of this formula is fashioned so that QPR can move forward with a long term plan. I do not see any reason to be concerned, in fact, quite the opposite.
If you haven't read it on a new thread, dave McIntyre, who I have been critical of in the past has written an excellent piece covering the loan and new stadium. If opposing wums take the time to read it, it should shut them up and calm the nerves of any fans who think we are doomed.
Oh right, I must be old-school. I thought the reason you borrowed money and paid interest was because you did not have the cash yourself. Also, as far as I know the loan has been taken out in QPR's name and also secured against LR and the land surrounding it. This does not sound like what you are saying above as QPR have made no profit for a while due to the excessive spending. Also, if you have your own money and build a new stadium why sacrifice part of the profit you would get by having to pay any interest on a loan? This loan does not make much sense to me if you have the money in the bank. Somewhere along the line you have to pay interest on it which would impact on your overall profit. again, not WUM just trying to understand.
All true, unless you can make more profit from the money elsewhere than you will pay in interest in the loan. Profit of 6% on £150m by investing in say Samsung over 5 years. Interest of 3% on £150m over 5 years. Equals total money saved at 3% of £150m - £4.5m - over those 5 years. Figures plucked out of the air, and overly simplistic, but shows how you can save money on a loan if you're a good investor. Presuming you're not doing it for tax reasons.
