| TF Tweets 13:04 - Oct 26 with 8359 views | 08olesen |
Just tweeted
A good leader knows when to go . time for me to leave at caterham f1 .love qpr and AirAsia but there will come a time .and staff and fans dictate that 2014-10-26
People are destroying him on twitter, i really wish they would think before hand. If he goes anytime soon we will be in the screwed for a long time.
I can see why he would quit though, as Alan Sugar said, you get no credit at all for being a chairman and then get destroyed whenever anything goes wrong. He put the money in and gets nothing in return a part from abuse. Its not his fault the football is poor! but people still have a go! I think many have forgotten how bad it was under flavio, all he has done is backed the manager each time. Its not his fault we signed Bosingwa or Park and most of us on here thought they were great signings when they happened.
I personally think we have one of the best chairman around and if we beat AV on Monday then things will look a lot better.
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| TF Tweets on 10:31 - Oct 27 with 1214 views | PinnerPaul |
| TF Tweets on 09:34 - Oct 27 by OakR |
It's not a plan....it's a comment saying that if he goes who knows who would takeover. If you have insight into the future of who will take over when he leaves, feel free to share it.
If you read my posts, I was asking the OP why he thought it would be a disaster if he left - it was a genuine question. The OP also stated he thought we had the best chairman in the league. He's not responded but Davman did.
If we are saying he's the best chairman in the league, but if he leaves we will be bankrupt then those arguments are slightly contradictory (Davman I'm not saying this is your view by the way). |
Just for the record "best chairman in the league" didn't cross my lips either.
My point is having a known £170M debt is better than throwing all the cards up in the air and seeing what will happen.
Obviously no one has a crystal ball, but hard to envisage anyone wanting to take us on AND pay off that debt, and that's today while we are still in the PL. |  | | |
| TF Tweets on 10:43 - Oct 27 with 1185 views | ElHoop |
The club is worth whatever it is worth, regardless of the amount of debt. If we were £500m in debt then they wouldn't say it's worth £500m - that's just a bizarre logic. If they sold out then they'd get what it was worth and be asked to write off the rest of the debt. They've already got out of Caterham, so I'd be surprised if they got out of QPR as well at this point in time. Being promoted and cutting the wage bill should mean that the club gets nearer to profit anyway. Somehow we have to stay up this season. |  | | |
| TF Tweets on 10:56 - Oct 27 with 1165 views | OakR |
| TF Tweets on 10:31 - Oct 27 by PinnerPaul |
Just for the record "best chairman in the league" didn't cross my lips either.
My point is having a known £170M debt is better than throwing all the cards up in the air and seeing what will happen.
Obviously no one has a crystal ball, but hard to envisage anyone wanting to take us on AND pay off that debt, and that's today while we are still in the PL. |
Paul, I think we are roughly in agreement. The point of the original post however was what a good job Fernandes was and we'd be lost without him now.
If we are now in a worse state where no-one would want to take us over compared to the state Flavio and co where in charge when they sold up, well it's not what I'd call progress.
I'm genuinely terrified what would happen if we got relegated. Huge debt, huge wage bill, football league likely to punish us heavily. It's like we are win a casino betting our house on black to break even. | |
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| TF Tweets on 11:19 - Oct 27 with 1140 views | INFIRMARY |
He said we would use more from our YOUTH system while in Championship , instead we loaned them all out to score and defend for other clubs successfully |  |
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| TF Tweets on 13:03 - Oct 27 with 1060 views | R_from_afar |
| TF Tweets on 09:27 - Oct 27 by ElHoop |
We didn't have a pot to piss in when the Briatores etc took over, the ground was gone in terms of ownership and the squad was worth zilch, so don't give me £177m of debt. We had nothing to borrow against. They've put in money, secured presumably against their own personal assets, unless it is partly secured against what the £177m has bought them in club assets. The damage was done well before Briatore and his successor Fernandes came along. If we do get to Old Oak Common then they might get something back, but they'll have to spend more to do that. If they wanted to make money out of property development then they could have gone into that without forking out £180m of losses on a football club. Some of you are completely f*cking bonkers. |
Good point. It has to be remembered that there are significant costs"just to stand still", as it were, whichever league a club is in. Even the club with the football league's worse squad has to pay that squad. Then there are the ground staff, utility bills and so on.
I know this is all pretty obvious but before TF and Briatore, Rangers were struggling to cover even those costs, let alone the cost of Premiership players and coaching staff.
Whatever you think of Tony and the other shareholders, the club has survived without Gretna style major surgery. We should be grateful for that if nothing else. For the record, I think Tony is doing his best to move us forward...
RFA |  |
| "Things had started becoming increasingly desperate at Loftus Road but QPR have been handed a massive lifeline and the place has absolutely erupted. it's carnage. It's bedlam. It's 1-1." |
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| TF Tweets on 13:13 - Oct 27 with 1042 views | R_from_afar |
| TF Tweets on 10:16 - Oct 27 by Antti_Heinola |
Not really - we have him by the short and curlies. Put all our assets together and they don't come close to matching the debt he has. If he were to sell out tomorrow he and his investors would take a gigantic hit. They're here for the long haul - they're in too deep to turn back now.
As for the comments about money being 'gifted' - well that doesn't make a difference to FFP. It's about revenue and spending - you can't just up the revenue by 'gifting' money - that's the whole point of the rule, to stop that kind of thing. |
"Not really - we have him by the short and curlies. Put all our assets together and they don't come close to matching the debt he has. If he were to sell out tomorrow he and his investors would take a gigantic hit. They're here for the long haul - they're in too deep to turn back now".
I may be wrong but this is also how I see things. If our investors walked and tried to call in their debts, they would kill QPR - in so doing creating the mother of all negative PR storms for their other business interests - but would still get nowhere near recouping their investment.
Is this wishful thinking on my part? I don't think so, but....
RFA | |
| "Things had started becoming increasingly desperate at Loftus Road but QPR have been handed a massive lifeline and the place has absolutely erupted. it's carnage. It's bedlam. It's 1-1." |
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| TF Tweets on 15:17 - Oct 27 with 960 views | DylanP |
| TF Tweets on 13:22 - Oct 26 by OakR |
Why will we be screwed if he leaves anytime soon? |
Oh I don't know 200 million in debt and nobody to pick up the tab. Perhaps that is why! 10 points deducted for Administration. Perhaps that is why. Spiraling down to the third division again. Maybe that is it.
Stupid stupid stupid people always think the grass is greener on the other side, that the next person who they name off the top of their head is the answer. Its complete nonsense, of course. Tony is beginning to sound like he can't be bothered with all the hassle. That would be a catastrophe.
As a team and a community, we can get some backbone and fight for it, or we can chase quick fixes and unknowns just around the corner. The later was tried before and it didn't work. We just spent the next decade in hell. |  |
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| TF Tweets on 15:19 - Oct 27 with 957 views | DejR_vu |
| TF Tweets on 10:16 - Oct 27 by Antti_Heinola |
Not really - we have him by the short and curlies. Put all our assets together and they don't come close to matching the debt he has. If he were to sell out tomorrow he and his investors would take a gigantic hit. They're here for the long haul - they're in too deep to turn back now.
As for the comments about money being 'gifted' - well that doesn't make a difference to FFP. It's about revenue and spending - you can't just up the revenue by 'gifting' money - that's the whole point of the rule, to stop that kind of thing. |
I beg to differ. The shareholders own Loftus Road. They may not be able to cover all of the losses but they can go a long way to minimising them.
I'm not saying this will happen, but worst case scenario:
- The shareholders want to sell
- there's always some chancer with more money than sense but not enough money to run a football club
- they sell the club but retain the stadium
- they charge an exorbitant rent
- the club can't pay and goes into administration
- as I understand it the land upon which the stadium stands may have a covenant restricting it's use to a sporting venue
- there are no buyers because the price asked is prohibitive
- they bide their time, the stadium falls in to disrepair
- it's a blot on the landscape at a time when the area is being re-developed and therefore becomes a political problem
- application to remove the covenant
- sold for re-development.
Nothing that the board has done suggests they would look to do something like this, but in response to your assertion that we have them where we want them, I would suggest they are holding all the aces, not the club. The club's destiny is in their hands whichever way you look at it. [Post edited 27 Oct 2014 15:20]
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| TF Tweets on 15:21 - Oct 27 with 948 views | PinnerPaul |
| TF Tweets on 15:17 - Oct 27 by DylanP |
Oh I don't know 200 million in debt and nobody to pick up the tab. Perhaps that is why! 10 points deducted for Administration. Perhaps that is why. Spiraling down to the third division again. Maybe that is it.
Stupid stupid stupid people always think the grass is greener on the other side, that the next person who they name off the top of their head is the answer. Its complete nonsense, of course. Tony is beginning to sound like he can't be bothered with all the hassle. That would be a catastrophe.
As a team and a community, we can get some backbone and fight for it, or we can chase quick fixes and unknowns just around the corner. The later was tried before and it didn't work. We just spent the next decade in hell. |
Exactly Dylan.
Just today I have seen calls for a new chairman , a new manager and "investment" in the team.
Does anyone really think that if all that happened we would suddenly shoot up the league?! | | | |
| TF Tweets on 15:35 - Oct 27 with 935 views | Jamie |
| TF Tweets on 09:47 - Oct 27 by ElHoop |
You just talk complete nonsense I'm afraid.
They've been looking at all sorts of plots of land for a new ground. Not all of them involved massive residential development any more than Arsenal's new ground did. This one came along, why not go for it? But to suggest that he wants to sit there running a football club as a front for property development is one of the most absurd things I've heard on here, and there's been plenty of those. |
Eh? It's you who is talking about property development. I've never for one second suggested he wants anything to do with residential development as anything other than as part of the deal to get Old Oak.
He wants an entertainment complex inside London to rival the O2, which Phil Beard just happened to mastermind. That complex couldn't pay its own way on 5-10 events a year, but with 18 high profile PL matches, and whisper it, likely rugby matches as well, it can generate cash year round. | | | |
| TF Tweets on 15:36 - Oct 27 with 932 views | Jamie |
| TF Tweets on 10:43 - Oct 27 by ElHoop |
The club is worth whatever it is worth, regardless of the amount of debt. If we were £500m in debt then they wouldn't say it's worth £500m - that's just a bizarre logic. If they sold out then they'd get what it was worth and be asked to write off the rest of the debt. They've already got out of Caterham, so I'd be surprised if they got out of QPR as well at this point in time. Being promoted and cutting the wage bill should mean that the club gets nearer to profit anyway. Somehow we have to stay up this season. |
They haven't gotten out of Caterham. Fernandes still owns it. | | | |
| TF Tweets on 15:39 - Oct 27 with 918 views | Jamie |
| TF Tweets on 13:03 - Oct 27 by R_from_afar |
Good point. It has to be remembered that there are significant costs"just to stand still", as it were, whichever league a club is in. Even the club with the football league's worse squad has to pay that squad. Then there are the ground staff, utility bills and so on.
I know this is all pretty obvious but before TF and Briatore, Rangers were struggling to cover even those costs, let alone the cost of Premiership players and coaching staff.
Whatever you think of Tony and the other shareholders, the club has survived without Gretna style major surgery. We should be grateful for that if nothing else. For the record, I think Tony is doing his best to move us forward...
RFA |
And yet Norwich who came up with us and managed to stay up longer than us, announced this week that they have not a penny of debt and are in a handsome position on and off the pitch.. | | | |
| TF Tweets on 15:52 - Oct 27 with 885 views | TheBlob |
| TF Tweets on 15:39 - Oct 27 by Jamie |
And yet Norwich who came up with us and managed to stay up longer than us, announced this week that they have not a penny of debt and are in a handsome position on and off the pitch.. |
Go and support Norwich then. |  |
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| TF Tweets on 15:55 - Oct 27 with 877 views | PinnerPaul |
| TF Tweets on 15:39 - Oct 27 by Jamie |
And yet Norwich who came up with us and managed to stay up longer than us, announced this week that they have not a penny of debt and are in a handsome position on and off the pitch.. |
Remind me, what league are they in? | | | |
| TF Tweets on 15:57 - Oct 27 with 874 views | Match82 |
| TF Tweets on 15:39 - Oct 27 by Jamie |
And yet Norwich who came up with us and managed to stay up longer than us, announced this week that they have not a penny of debt and are in a handsome position on and off the pitch.. |
When Norwich came up they had a committed, long term owner, a plan and positive momentum. When we came up we had an owner that wanted to get rid and was actively trying to strip assets from the club, spent no money reinforcing the squad when we were first promoted and were in general turmoil.
TF and consortium bought the club and went about the situation in the way they thought best. In hindsight, it wasn't the right move, but I don't remember many people complaining at the time. Since then we've been fighting to recover and unfortunately repeating the same mistakes by throwing money at it. TF says he's learnt lessons about which players to buy, which I think is evidenced by our signings this summer, which were mostly (mostly, not entirely) younger players with motivation to succeed and sell-on value.
I would hope it's becoming obvious that a change in strategy is needed for the club, with an eye towards sustainability. We just have to hope that lessons have been learned in this way as well and things are being put in place to reflect this. |  | | |
| TF Tweets on 15:59 - Oct 27 with 869 views | Harlesdon |
| TF Tweets on 15:39 - Oct 27 by Jamie |
And yet Norwich who came up with us and managed to stay up longer than us, announced this week that they have not a penny of debt and are in a handsome position on and off the pitch.. |
...in the Championship | | | |
| TF Tweets on 16:17 - Oct 27 with 844 views | ElHoop |
| TF Tweets on 15:36 - Oct 27 by Jamie |
They haven't gotten out of Caterham. Fernandes still owns it. |
Well they have certainly tried pretty hard to get out of it. | | | |
| TF Tweets on 16:23 - Oct 27 with 837 views | ElHoop |
| TF Tweets on 15:35 - Oct 27 by Jamie |
Eh? It's you who is talking about property development. I've never for one second suggested he wants anything to do with residential development as anything other than as part of the deal to get Old Oak.
He wants an entertainment complex inside London to rival the O2, which Phil Beard just happened to mastermind. That complex couldn't pay its own way on 5-10 events a year, but with 18 high profile PL matches, and whisper it, likely rugby matches as well, it can generate cash year round. |
I must have misunderstood your point then but it's all too far down the line for Beard to have been brought in in order to manage a stadium as against a football club. Anyway, I thought that Fernandes said that he wanted a football ground not a multi-functional stadium. | | | |
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