Because he only has a minority shareholding, has no control and this is the best time to sell. Sell on expectation and BEFORE the large debts (ie new stadium) are on the books. QPR is really TFs project, not Mittal's. Probably just time to move on and do something else.
Fair enough assessment, I still feel QPR will be worth A LOT more in 2-3 years time from now. I also feel there is a possible truth in this, purely from the fact that Amit, a man who tweets everyday now has gone completely quiet since this rumour appeared. Strange or just a co-incidence?
Yes, if the person you are selling to thinks that planning permission is a formality or that they will be able to swing it. You won't get as much as if you had obtained the planning permission first, but more than if there is absolutely no probability of obtaining it. "You can often make more out of expectation than achievement in business."
I think that is true. Mittal may have wanted QPR but had to play second fiddle to Briatore and Ecclestone. Now .... he is playing second fiddle to TF. He (and Amit) are not going to get us now.
might still have to buy the land off the neighbour there can be no added value if the only plans i have are still on a drawing board in my own head
Now you are changing things. You did not mention anything about buying land from the neighbours. Using your analogy, anyone owning a suitable plot to put a new stadium on should already obtain planning permission for it to increase it's value. This is not like an extension to a property. The Rs are looking for a suitable piece of land that can be developed. If there is any problem (the owner won't sell or can't get planning permission) you move on and look for somewhere else. The fact that we are looking and "the project" ultimately hinges on getting bigger crowds (hence the search for somewhere to build a larger ground) will be enough for some to see the potential and pay accordingly. I still think that it would be harder to sell if a site had been found, planning permission approved and loans drawn up to cover the £100m+ cost. That is still a few years away. If you want out, the obvious time is to get out now at the height of expectation. Once the thing has been started the asking price would need to go up to cover the debt. If Mittal waited until it was finished the the cost would be enourmous ... and so would the debt. That would scare off many buyers. If he wants to get out (as I have said he has no control) and take his money now, then so be it. The returns may be better later on, but does he want to be locked in for that long? things can always go tits up on the pitch and that would bugger everything up.
This still doesn't sit right for me. They profess their love of the club and then want to pack it in. The only reason they could possibly want to do so would be to buy another club (because Mittal certainly doesn't need the 10s of millions). Ultimately, TF could sell the vision to managers, players, fans, the media, sponsors and everyone else (me included) but failed to sell it to his co-owner. That suggests that TF doesn't really want or need Mittal or Amit there. This implies furthermore that the backing he surely has is firm and unwaivering. Saddened at the prospect of losing our Indians but reassured by the lack of panic this has caused.
Maybe they're off to the next good thing to make piles of loot out of before the posse catches up; 'When Main St talks, Wall St walks' Let's follow them ( metaphorically only) with our tenners, I could do with a windfall.
Mittal doesn't get anything out of it ... apart from, as you say, a few millions which he doesn't need. Everything revolves around TF and his businesses. It is all a question of control. Mittal has none.
As I've said in an earlier post, the Mittal-leaving whispers could all be about a realignment with TF. Laksmi, whom I'm sure gives all the instructions to Amit, may be saying, we either have parity in this relationship, 50-50, or we go elsewhere. If so, it will concentrate TF's mind. If the Mittals do go, I just hope their part ownership of the club wasn't a significant element in MH's selling speech to the new players he brought in this summer. Otherwise we may have some disgruntled players. We really need a period of stability on all fronts this season.
I've been on holiday for a fortnight - and good to see I've come back to the latest drama down at QPR. To think we used to get worked up on the old 606 about whether to start with Marc Nygaard or Stefan Moore. What innocent times they were!
I suppose if Mr Mittal does leave then the chances of getting a load of free steel for the new stadium go down. Shame really 'cos I always I thought the 'Lakshmi Mittal Stadium' had a nice ring to it
