QPR take out £15M (or was it 150 million) loan for a new stadium despite relegation

[QPRDave]

Well we'll just have to trust them, we have no other choice, they have plans for the club and we'll just have to see what happens, they are the custodians for now

[Kirill]

Your usual cheerful self Kirill?

It would not have been fit for posting on WATRB if I was in a bad mood. Most of it would have been eaten away by the swear filter, with only words Beard and Fernandes floating around in a sea of asterisks.

[qpr]

This is how Portsmouth's problems started with a loan. I don't know the in's & out's of it but i'm very worried. Players need to be sold asap

[Kirill]

Well we'll just have to trust them, we have no other choice...

Yes we do have a choice, I would even say we have the moral right to mistrust them at this point. I had doubted their ability to steer a football club since pre-season and that turned into complete mistrust as summer turned to autumn and I doubt I will ever trust them again. Watching them (and us) gradually turn from over-confidence bordering on arrogance to quiet despair has been a sad experience. This could and should have been avoided. We are a laughing stock, spending so much to achieve so little. They are allegedly good businessmen - well, they could have fooled me. The really good businessmen are at Swansea, etc., with the prudent approach. This lot only seem to know how to waste money. Never liked Bernie and Flavio much but we got promoted while they were still hanging around - and with this new bunch at the helm we are getting relegated.

[Cookie Monster]

This is important for 2 reasons:

1) it is secured against the stadium like a mortgage

2) we were told about a month ago there was no external debt to answer any worries. A week later we had external debt. Still don't worry?

This.

Im relatively pro TF. But if he doesnt give a clear and hobest response theres going to be real doubts in my mind about where we are heading.

[Hitman34]

Here we go again.......................

last one out turn off the lights.

[Bigdave]

If this is true, and I take what I read in the papers these days with a pinch of salt:

How the f u ck can Fernandes call it a loan when hes going out playing fantasy football manager and spunking money like its going out of fashion. He has to be made accountable for the rash spending.

If true

[Kirill]

Here we go again.......................

last one out turn off the lights.

It all started going wrong when Warnock left

[vblockranger]

Yes we do have a choice, I would even say we have the moral right to mistrust them at this point. I had doubted their ability to steer a football club since pre-season and that turned into complete mistrust as summer turned to autumn and I doubt I will ever trust them again. Watching them (and us) gradually turn from over-confidence bordering on arrogance to quiet despair has been a sad experience. This could and should have been avoided. We are a laughing stock, spending so much to achieve so little. They are allegedly good businessmen - well, they could have fooled me. The really good businessmen are at Swansea, etc., with the prudent approach. This lot only seem to know how to waste money. Never liked Bernie and Flavio much but we got promoted while they were still hanging around - and with this new bunch at the helm we are getting relegated.

Good post and spot on. Two disastrous seasons after allegedly taking bad advice and millions pissed up the wall. The inevitable weekly PR tweet from Fernandes regarding academy/training ground/new badge/new ground/etc .... good businessmen? havent done a lot of good business in 2 years have we?. Fernandes has had a go and failed. I hope Amit would be willing to take over as Chairman if Fernandes does the right thing and steps down. Didnt Fernandes say he would step down and give someone else a go if he couldnt make it work?

[Hitman34]

It all started going wrong when Warnock left

Dont start krill lol

[maverick69]

Probably done to secure what is effectively immediate access to the parachute payments that may get us back up PDQ.......

After all. The likes of Mittal and the Fernandes consortium hardly need to go through a credit rating process for the kind of of money that involves a new stadium etc.

Face it. They've had their pants pulled down...... And they are not gonna be happy about sticking their hands in their pockets anymore.

I feel sick.......

[MYU]

It was Amit who got NW at the club to get us promoted, not BE or FB.

[QPRDave]

Yes we do have a choice, I would even say we have the moral right to mistrust them at this point. I had doubted their ability to steer a football club since pre-season and that turned into complete mistrust as summer turned to autumn and I doubt I will ever trust them again. Watching them (and us) gradually turn from over-confidence bordering on arrogance to quiet despair has been a sad experience. This could and should have been avoided. We are a laughing stock, spending so much to achieve so little. They are allegedly good businessmen - well, they could have fooled me. The really good businessmen are at Swansea, etc., with the prudent approach. This lot only seem to know how to waste money. Never liked Bernie and Flavio much but we got promoted while they were still hanging around - and with this new bunch at the helm we are getting relegated.

Oh right ....so what you gonna do then??? ...come on here and moan because you don't agree with this or that......knock your self out.
Kirill if you honestly think Flav helped us get promoted you need to go and have a word with the fairies at the bottom of your garden.

[Cookie Monster]

This is important for 2 reasons:

1) it is secured against the stadium like a mortgage

2) we were told about a month ago there was no external debt to answer any worries. A week later we had external debt. Still don't worry?

This.

Im relatively pro TF. But if he doesnt give a clear and hobest response theres going to be real doubts in my mind about where we are heading.

[PeterG]

"2) we were told about a month ago there was no external debt to answer any worries. A week later we had external debt. Still don't worry?"

This is my concern on this, if the loan is personally guaranteed no need to mortgage the ground, we were told this would not happen and that the ground was ringfenced and secure

That this story has come out in the papers following rumours rather than appearing as commercial news on the clubs website is a concern, why does our club not ever learn from previous mistakes, if there is nothing for fans to worry about be upfront and tell us about things that are happening rather than allow fans to be concerned and then try to firefight with PR afterwards

Plonkers