"The new qpr"

[hal9thou]

Were you on holiday when they effectively wrote it all off by converting it into equity?

It would be really helpful if someone with an understanding of accounting and where we are now put it all into layman's terms.

It isn't easy to understand the implications of the financial position (especially when not sure of where we are with that right now).

Anyone fancy it?

[IsleworthRanger]

So we are still in that debt, i thought they totally wrote it off, which means that nobody owes anyone anything.?
I'm confused again.

Lets keep that little fact swept under the carpet shall we

[Stanley]

Were you on holiday when they effectively wrote it all off by converting it into equity?

It would be really helpful if someone with an understanding of accounting and where we are now put it all into layman's terms.

It isn't easy to understand the implications of the financial position (especially when not sure of where we are with that right now).

Anyone fancy it?

Lee Hoos explained it here Hal:

[brightonr]

It would be really helpful if someone with an understanding of accounting and where we are now put it all into layman's terms.

It isn't easy to understand the implications of the financial position (especially when not sure of where we are with that right now).

Anyone fancy it?

In it's most simple terms, the owners issued more shares which they divided between them in return for relieving the club of any actual debt.

The actual facts that cannot be disputed are that in doing this, in addition to the £60m written off previously in an attempt to lower the losses in respect of FFP, a further £180m of debt was removed from the balance sheet.

I'm certain that nobody in their right mind would claim that our owners have presided over a hugely successful period either on or off the pitch since they arrived. But for all their mistakes in allowing that situation to occur in the first place, they have at least put it right to a degree in taking the hit themselves, rather than leaving our club saddled with the debt.

[IsleworthRanger]

In it's most simple terms, the owners issued more shares which they divided between them in return for relieving the club of any actual debt.

The actual facts that cannot be disputed are that in doing this, in addition to the £60m written off previously in an attempt to lower the losses in respect of FFP, a further £180m of debt was removed from the balance sheet.

I'm certain that nobody in their right mind would claim that our owners have presided over a hugely successful period either on or off the pitch since they arrived. But for all their mistakes in allowing that situation to occur in the first place, they have at least put it right to a degree in taking the hit themselves, rather than leaving our club saddled with the debt.

You might be banned by your fellow MODS for posting something truthful which takes the wind out of the sails of so many on here

[Kirill]

And the number goes up every week on here Kev!

I guarantee you that the number - whatever it currently is - is indeed still going up every week: not on here, but in real life. The club is still bleeding money - you know it, I know it, everyone knows it.

[nasser95]

I guarantee you that the number - whatever it currently is - is indeed still going up every week: not on here, but in real life. The club is still bleeding money - you know it, I know it, everyone knows it.

You should stand up at speakers corner every weekend and preach this stuff...

[IsleworthRanger]

I guarantee you that the number - whatever it currently is - is indeed still going up every week: not on here, but in real life. The club is still bleeding money - you know it, I know it, everyone knows it.

You could be right but so what its the owners money and not yours or mine? Our attachment to the club is purely emotional and the money we put in buying a ticket or a scarf is a mere pittence towards keeping the club in a healthy financial position

[West London is Rss]

In it's most simple terms, the owners issued more shares which they divided between them in return for relieving the club of any actual debt.

The actual facts that cannot be disputed are that in doing this, in addition to the £60m written off previously in an attempt to lower the losses in respect of FFP, a further £180m of debt was removed from the balance sheet.

I'm certain that nobody in their right mind would claim that our owners have presided over a hugely successful period either on or off the pitch since they arrived. But for all their mistakes in allowing that situation to occur in the first place, they have at least put it right to a degree in taking the hit themselves, rather than leaving our club saddled with the debt.

Excellent post Brighton

[FurtiveFox]

In it's most simple terms, the owners issued more shares which they divided between them in return for relieving the club of any actual debt.

The actual facts that cannot be disputed are that in doing this, in addition to the £60m written off previously in an attempt to lower the losses in respect of FFP, a further £180m of debt was removed from the balance sheet.

I'm certain that nobody in their right mind would claim that our owners have presided over a hugely successful period either on or off the pitch since they arrived. But for all their mistakes in allowing that situation to occur in the first place, they have at least put it right to a degree in taking the hit themselves, rather than leaving our club saddled with the debt.

Had they walked away the club would almost certainly be dead. Instead they have written off a lot of their own money and made significant change in how the club is run over the last year. Going to take a while before we see if the changes work but can't deny they are treating the club seriously and with respect. More than some are showing them in return.

Will be interested to see how some of the less positive posters respond to this.

[CroydonCaptainJack]

I guarantee you that the number - whatever it currently is - is indeed still going up every week: not on here, but in real life. The club is still bleeding money - you know it, I know it, everyone knows it.

At least they are trying to address that though

[West London is Rss]

Does anyone else think the club may be trying to cash in and that news of an embargo and fine is imminent when you think about it??

Austin sold in January, Green ousted because of his hefty wages, cashing in on extortionate ST's before March, buying cheap League 1 players all of a sudden.
I've never really thought about it until now but maybe the club are aware of FFP news before the end of the season and are cashing in as much as they can.

It could look like we've edged out our bets and decided to settle for re-building and taking the hit then going all out with another risk and go for promotion.
Again, never really thought about it but you can see why it is so key that a club bounces straight back up to the Prem when being relegated.

[Shepherds Mush]

In it's most simple terms, the owners issued more shares which they divided between them in return for relieving the club of any actual debt.

The actual facts that cannot be disputed are that in doing this, in addition to the £60m written off previously in an attempt to lower the losses in respect of FFP, a further £180m of debt was removed from the balance sheet.

I'm certain that nobody in their right mind would claim that our owners have presided over a hugely successful period either on or off the pitch since they arrived. But for all their mistakes in allowing that situation to occur in the first place, they have at least put it right to a degree in taking the hit themselves, rather than leaving our club saddled with the debt.

Effectively QPR Holdings Ltd bought an increased share in QPR football club for £180m.

[CroydonCaptainJack]

Does anyone else think the club may be trying to cash in and that news of an embargo and fine is imminent when you think about it??

Austin sold in January, Green ousted because of his hefty wages, cashing in on extortionate ST's before March, buying cheap League 1 players all of a sudden.
I've never really thought about it until now but maybe the club are aware of FFP news before the end of the season and are cashing in as much as they can.

It could look like we've edged out our bets and decided to settle for re-building and taking the hit then going all out with another risk and go for promotion.
Again, never really thought about it but you can see why it is so key that a club bounces straight back up to the Prem when being relegated.

I think they are just trying to reign things in generally. Someone at the club will definitely be closer to where the FFP fine is heading than anyone on here, that is for sure.

[brightonr]

Had they walked away the club would almost certainly be dead. Instead they have written off a lot of their own money and made significant change in how the club is run over the last year. Going to take a while before we see if the changes work but can't deny they are treating the club seriously and with respect. More than some are showing them in return.

Will be interested to see how some of the less positive posters respond to this.

What I failed to point out in the earlier post was that incredibly, they did this with no fuss or fanfare. Just quietly went about it.

If I recall correctly, it only came to light when somebody noticed "strange things happening" with regard to the shares, from a "Companies House" document.

Can't begin to imagine their disappointment when it turned out to be such good news, as opposed to what some were assuming.