Board Writes off 60m of QPR Debt - One for the Tony bashers

[Ginger Ninja]

http://www.qpr.co.uk/news/article/qpr-accounts-may-2014-shareholders-loans-2306179.aspx

So thats £60million of the debt written off, as it was a SHAREHOLDER loan.
Still think we're doomed if we go down?
This is great news. And well done to Tony and the board for writing that debt off.

[vblockranger]

Board write of a lump of the losses..

http://www.qpr.co.uk/news/article/qpr-accounts-may-2014-shareholders-loans-2306179.aspx

Great news and maybe, just maybe, things are starting to turn around. Writing off £60 million of their mishaps and mistakes is certainly heading in the right direction.

[Ginger Ninja]

Said all along it was a shareholder loan mate and they could write it off at any time. Great news this. Shows we have nothing to fear from any FFP cr@p.

[Bluehoop]

Certainly great news but still only needs one thread chaps so the two are now merged into one harmonious round of applause for the QPR Board

[Ginger Ninja]

Think we posted it about the same time mate, cheers for merging

[vblockiain]

£60 m is that a fair committment by directors - i think so Also reading Old Oak Common document from Boris shows they want a stadium on Car Giant land to kick start regeneration next to new old oak high street & station

[Shepherds Mush]

Genius!

"F*ck off to your fair play rules"

[Rangers77]

Very welcome news. Oh to be able to p iss away £60M. I earn good money, but, boy, how the other half live.....

[Ginger Ninja]

Just glad to see the board putting their money where their mouths are.

[californiahoop]

This is very good news, the infrastructure is being put into place with Les. Chris, Steve Gallen and Furlong. Training ground and new stadium, won at Wembley, youth players coming through,we HAVE NEVER had it so good!

[Mattyqpr]

So I'm guessing actual losses were around £70 million? Total debt now around £180 million?

It's a loophole we've exploited to make ourselves safe from any FFP action.

It's important to stay up to start working on lowering the debt via income and posting healthy yearly figures rather than writing it off, although for now it's good enough to keep the FFP vultures at bay.

[vblockranger]

So we made a loss of £69.8 million last year and they have written off £60 million of it so the actual loss that comes under FFP rules IF we go down is only £9.8 million? Good way to get round the FFP rules i spose hope it works! Just seems a bit too easy to get round the new rules...lets see when accounts are available.

[Azman]

Fantastic, onwards and upwards.

[jfish]

So we made a loss of £69.8 million last year and they have written off £60 million of it so the actual loss that comes under FFP rules IF we go down is only £9.8 million? Good way to get round the FFP rules i spose hope it works! Just seems a bit too easy to get round the new rules...lets see when accounts are available.

Surely can't be that easy can it ?

Hope it is but I bet this pisses the FL off.

[West London is Rss]

As it was shareholder loans it was easy to write off I suppose!

Fantastic news... Things are on the up and we've got our Rangers back!!!!