http://www.qpr.co.uk/news/article/qpr-amit-bhatia-qpr-in-the-community-trust-2946866.aspx Whatdoes this mean....is it bad (they Mittals are leaving) or indifferent (he has done his bit) or good (he is going to do more on the main board) Any info please
Time to get the collection buckets out at the gates again... Time for me to shut up and get my coat again...
I guess he's moving from the charitable side of QPR, having done a good stint. Whether it's a prelude to a greater withdrawal of the Mittals, will no doubt be the subject of speculation
Your guess as good as any.Hopefully does not mean anything to much since our fortunes appear to have taken an upturn at last.
I worked in the same building as both of his companies in Green Park last year, he still has our interests but won't be putting anymore in under the current circumstances. Make of that what you will
THEY GAVE US 200 MILLION SO YOU CANT ASK MUCH MORE, I THINK THEY HAVE GOT SICK AND TIRED OF BEING TOLD THEY CAN ONLY SPEND A SMALL AMOUNT OF MONEY SO THEY HAVE LOST INTEREST
Leicester city starting 11 vs man city cost about £23m and they are top of the premier league, the whole squad is only about £50-£60m. Here we are £200m down the pan with a wage bill that means we have to loan out £10m signings whilst sitting mid table in the championship, I'm certainly not going to feel sorry for them blowing all that money!
YES BUT THEY HAVE GOT TO LOSE TWO HUNDRED MILLION A YEAR AS A TAX LOSS SO THEY MAY AS WR WELL GIVE US THAT MONEY THAN SOME CHARITY IN INDIA
The Mittals haven't put anywhere near £200 million into QPR, they only hold a 30% stake and most of the losses have been underwritten by Tony's Malaysian partners. It is unlikely that Mittal and Bhatia could sell their stake without a massive loss. The key in this may well be the fact that last week Arcelor Mittal announced and annual loss of $7.9 billion as the collapse in World steel prices hit their company severely, they, like Tata Steel in the UK are closing plants as the cheap Chinese steel has made such plants unworkable. Their share price has collapsed by 58% in the past year. All this is likely to mean the Mittals will remain 'sleeping' partners in QPR, so no big change there. Scroll down this page and you will see just how bad things are in the steel industry for them... http://www.steelonthenet.com/feeds/mittal-arcelor.php
I think it means he's moving into the middle management of the club. Possibly under Les Ferdinand, but not below JFH ................ could be above Ramsey but with Paul Clements still settling his position as 'Dream Adviser', the Tonz is yet to decide who is above or below whoever. If you think your confused, you should see the weekly jockeying of positions of chairs in Les office. You can't have too much advice.
Doesn't sound good to me. All hail the brave new dawn of living within our means and mid-table irrelevance! Hurrah!
Look at it this way if TF or Amit or Mittals ever leave QPR then so be it . If you really are QPR you are QPR for life whatever division we are in.
I think most of us are Ellers....those that only want to follow/support QPR as a Premier League Club have already left the building.....
The article also says that "Fellow trustee Richard Atterbury has also stepped down", are you worried about that and the change of direction going on at the Trust?
Err, no... Whilst Richard Atterbury may be a thoroughly decent bloke, so far as I know he doesn't own a third of the club. And anyway, I prefer his work making natural history documentaries.
