Tony Fernandes discusses new stadium plans

[vblockranger]

"Did they make it clear whether they will be developing the site themselves? the profit of which anyway i assume to go towards the new stadium? Anyone know if the the current ground is an asset for the club still? or is already in the names of the shareholders?"

I imagine the land they have snapped up is in the vicinity by the way he was talking, its not being snapped up by QPR its being snapped up by the shareholders separately, then when the stadium and area developement plans move to the next stage the value will leap in value. sound business sense but probably onf no real benefit to QPR apart from the fact our owners will be a bit richer

I think people are jumping to conclusions re stadium ownership there is a massive difference between where the holding company owns the stadium but in a seperate company than the football club and QPR where it is likely that the stadium will be owned by the shareholders but outside of the QPR holdings and football club co's

Of course this all needs clarification. on the other side of the argument those that are concerned about LR as an assett, i think thats probably an argument that was valid pre briatore but not now because the value of the ground is far outweighed by the debt owed to the shareholders in loans etc. I think this all needs laying out in black and white in the spring when the next accounts come out so that everyone can see exactly where the club stands. That will be the time for serious discourse about ownership of the new stadium and development. We also have to consider financial fair play and how this will effect the club in the future and what positive benefits are to be obtained by the stadium development being funded and owned

I have enjoyed reading this thread mostly and its good to see we can debate this in ways which cant be explored in 140 characters, Twitter has its uses but it very limited in this regards, shame about the boring sniping and back biting which does nothing to further the cause of the argument on any side you care to look at it from.

Good post mate but i was actually referring to Loftus Road....Are members of the board going to be developing the Loftus Road site once we move out? I am assuming the profit from this site will be going towards the new stadium? Does anyone know whether Loftus Road is currently in the clubs name and a club asset? or is it currently owned by the board? If so when did we lose Loftus Road as a club asset?

[MyWord]

Did they make it clear whether they will be developing the site themselves? the profit of which anyway i assume to go towards the new stadium? Anyone know if the the current ground is an asset for the club still? or is already in the names of the shareholders?

I was under the impression when we went into admin that H&F council put an order on Loftus road that it could only be used for sport and recreation, if sold.Would that sort of order be reversable ?.And ignore my lack of London knowledge, but does OOC come under H&F council ?

[QPRDave]

Hugely enjoyable read, this thread.

The usual suspects complaining about the board and their intentions. First of all they are unhappy about not being consulted and when they are, they haven't been consulted properly.

The owners made promises when they arrived. They are rapidly progressing towards delivering on each and every one.

My own view is that all fans have a right to be concerned about the future. The true fans have every reason to, when such huge changes are on the horizon. Not a single one of us should just back the board blindly and for the sake of it. There is far too much history and tradition at stake, let alone all the different memories LR holds for each of us. I totally get that. Absolutely understand that it is a worry. But there are ways to go about dealing with these issues and ways not to.

Certain people really need to get a grip on reality. We have fabulously wealthy board members, a shareholder who just happens to be one of the wealthiest men on the planet. I doubt very much if the term "asset stripping" came remotely close to their thoughts when they purchased QPR. People like these could just as easily have gone ahead with such ambitious plans without needing to own a football club. You wouldn't want a huge loss making company ruining your otherwise incredibly successful business portfolio for the kudos, would you? Unless of course, you were prepared to invest some of the profit into revitalising that element and making it successful too.

I'm going to provisionally back them to the hilt all the time they keep doing what appears to be the right thing for our club. We shouldn't be afraid to be successful. But should they ever abuse our trust, then I think they are fair game for what comes their way.

Good post ....great point that

[vblockranger]

I was under the impression when we went into admin that H&F council put an order on Loftus road that it could only be used for sport and recreation, if sold.Would that sort of order be reversable ?.And ignore my lack of London knowledge, but does OOC come under H&F council ?

Apparently TF has inferred in the initial announcement that Loftus Rd would be turned into flats.... its all a bit sketchy. Just wondered whether currently it was a club asset and if TF and mates plan to do the redeveloping on that site?. Worth a pretty penny i should think and should go towards new stadium. Are we going from a club with its ground as an asset to a club with a lease on a ground not owned by the club?

[QPRDave]

i tip my hat to tony and the lads. all in all he is a top man.

someone asked about the kits. if i remember right, tony said he was not too happy with next seasons kit design but will look into sorting it out for the year after.

not sure which kit he means though.

Only pulling your leg hitman, sorry if my humour didn't come across

[brightonr]

Good post mate but i was actually referring to Loftus Road....Are members of the board going to be developing the Loftus Road site once we move out? I am assuming the profit from this site will be going towards the new stadium? Does anyone know whether Loftus Road is currently in the clubs name and a club asset? or is it currently owned by the board? If so when did we lose Loftus Road as a club asset?

During Briatore's reign, I believe he and Amit set up a company, Saria Capital if I recall correctly, to own the stadium. In fairness, the value at the time was about £20m with a secured debt of around £10m. What has happened since, I can't claim to know but I guess that TF and his colleagues are the current owners.

One thing is for certain and that is that if that takeover hadn't happened, then we would have been mighty fortunate to have had any ground whatsoever, given the state of the finances at the time. And if we could have found someone willing to simply pay off the debt for no return, then I suspect the ground would be even worse than it is now, with us in League 1.

[PeterG]

Good post mate but i was actually referring to Loftus Road....Are members of the board going to be developing the Loftus Road site once we move out? I am assuming the profit from this site will be going towards the new stadium? Does anyone know whether Loftus Road is currently in the clubs name and a club asset? or is it currently owned by the board? If so when did we lose Loftus Road as a club asset?

Loftus road is owned by QPR holdings, We need to get clarification on this point, at the moment H & F have a covenent for sporting use on the land but I would expect this to be lifted as part of the agreement for developeing a new stadium at OOC, if that is lifted then the potential value of LR would be increased. In a ideal world QPR Holdings would developed LR as desirable residences with the overall profits from that development coming back into the club. We have to remember that QPR Holdings owes the shareholders more than the worth of LR though and the profit generated would likely be dwarfed by the cost of new development.

I still want to see it in black and white though and try to ensure that the football club benefits as much as possible if this goes ahead and that means keep asking these type of questions untill we get explicit answers rather than vague suggestions and promises

[vblockranger]

Loftus road is owned by QPR holdings, We need to get clarification on this point, at the moment H & F have a covenent for sporting use on the land but I would expect this to be lifted as part of the agreement for developeing a new stadium at OOC, if that is lifted then the potential value of LR would be increased. In a ideal world QPR Holdings would developed LR as desirable residences with the overall profits from that development coming back into the club. We have to remember that QPR Holdings owes the shareholders more than the worth of LR though and the profit generated would likely be dwarfed by the cost of new development.

I still want to see it in black and white though and try to ensure that the football club benefits as much as possible if this goes ahead and that means keep asking these type of questions untill we get explicit answers rather than vague suggestions and promises

Spot on and thanks for info

[Jeems]

Are TF or the Mittals involved in property development? I was under the impression the land would be sold to a developer and our involvement would end there.

[vblockranger]

Are TF or the Mittals involved in property development? I was under the impression the land would be sold to a developer and our involvement would end there.

Are they not developing the ooc site then? I have seen people posting that it was TF and co that would be developing the new site? We just have no concrete black and white info

[Stanley]

I was under the impression when we went into admin that H&F council put an order on Loftus road that it could only be used for sport and recreation, if sold.Would that sort of order be reversable ?.And ignore my lack of London knowledge, but does OOC come under H&F council ?

Yes.

[brightonr]

Yes.

Must admit I'm surprised at that, although TF did mention it on the podcast. Thought it would be a bit too north.

Still, I suppose that just amount to yet another promise kept, ie to stay in the borough.

[Stanley]

Must admit I'm surprised at that, although TF did mention it on the podcast. Thought it would be a bit too north.

Still, I suppose that just amount to yet another promise kept, ie to stay in the borough.

Yeah I was surprised too. It must be right on the border of Brent.

[superhoop67]

Yeah I was surprised too. It must be right on the border of Brent.

this side of the Midland railway i believe is LBHF

[QPR Richard]

Solution? makes no difference as the board are in sight of their goal and wouldnt matter if it was the majority of fans that would dispute their vision as they dont care nor would change their plans. You really think that these billionaires give a **** about your or my opinion enough to pass on making even more millions of pounds? something they have been driving toward since day one? Its multi-million pound business and me and you amd the rest of the small loyal fanbase we have are bystanders.Whether the fans like it or not they have little choice and QPR is in their caretaker hands at the moment. just hope the club survives once they are gone and finished using and gambling with it.

This is a contradiction of what Tblock is saying. On one hand you're saying that the owners don't give a stuff about our opinions, yet Tblock says the board will listen to the fans and act accordingly.

Which one of you is right or wrong?