2016-17 accounts are out

[Hitman34]

worth going through this also. https://twitter.com/i/moments/837644477225381889

i don't dispute your conclusions klonk, there just happens to be a slight dispute between everyones findings.

makes for interesting reading though.

thanks for all your work putting up your views of the accounts mate.

new nickname.

#Rubolox
#unclespuppetmaster
#humanshield
#theresanewclownintown

[Hitman34]

this guy has a different take on it...................


https://twitter.com/RuislipR/status/971393954045464576

[klonk]

Does it state anywhere in the accounts, that Rubin is receiving shares instead of cash for interest payments, klonk?

yes - note 21 (share capital and reserves)

also mentioned in note 15 (current liabilities)

[Hitman34]

not quite hits...

what seems to be happening is the following:

- all £46m shareholder loans are through ruben (under the alias of his total soccer growth company).
- these loans come with very heavy interest rates (some at 1% per month, some at 2% per month - aprs as you state).
- the club doesn't seem to be paying actual cash though... fairly sure that the interest charge forms a big chunk of the £8.5m 'other debt' that i mentioned in the first post.
- it looks like the interest charge is then being converted into shares that are then allocated to ruben.
- as a result of all of this... ruben/total soccer growth is now the majority shareholder in the club with 51.2% of the shares (for reference... uncle and kamarudin meranun own just 45.2%).

maybe you need to come up with a name for rubin and give uncle a break?

Does it state anywhere in the accounts, that Rubin is receiving shares instead of cash for interest payments, klonk?

[Kirill]

Why are you people wasting your time scrutinising these accounts?
Just wait for the inevitable chirpy tweet by TF on this issue and relax.

[NorthWood Rangers]

Ruben is now the largest shareholder with 51.04%
TF & Kamarudin own 41.08%
Mittals now own 7.4%

These were the previous years accounts, unless I am mistaken

Accounts year ending May 2017 say:

Ruben has 51.17
TF & KAM 45.2
Amit has reduced his involvement again and owns 3.41 %

[klonk]

Ruben is now the largest shareholder with 51.04%
TF & Kamarudin own 41.08%
Mittals now own 7.4%

not according to note 20...

ruben 51.2%
tf/kamarudin 45.2%
amit 3.4%
others 0.2%

[Kevin Mcleod]

not quite hits...

what seems to be happening is the following:

- all £46m shareholder loans are through ruben (under the alias of his total soccer growth company).
- these loans come with very heavy interest rates (some at 1% per month, some at 2% per month - aprs as you state).
- the club doesn't seem to be paying actual cash though... fairly sure that the interest charge forms a big chunk of the £8.5m 'other debt' that i mentioned in the first post.
- it looks like the interest charge is then being converted into shares that are then allocated to ruben.
- as a result of all of this... ruben/total soccer growth is now the majority shareholder in the club with 51.2% of the shares (for reference... uncle and kamarudin meranun own just 45.2%).

maybe you need to come up with a name for rubin and give uncle a break?

#Rubbishbin

[CroydonCaptainJack]

These interest payments to Ruben amount to £380,000 per month, so £4.5m per year. Approx 10% of our income

Being converted to equity though isn't it?

[klonk]

the owners are charging the club a interest on the loans they are giving it.


#QPR owners have organised loan of £46m to the club, £30m at 12.7% interest & £16m at 26.8% interest. Interest charge on these loans £113,000 a week.


nicle little earner there for uncle and co

not quite hits...

what seems to be happening is the following:

- all £46m shareholder loans are through ruben (under the alias of his total soccer growth company).
- these loans come with very heavy interest rates (some at 1% per month, some at 2% per month - aprs as you state).
- the club doesn't seem to be paying actual cash though... fairly sure that the interest charge forms a big chunk of the £8.5m 'other debt' that i mentioned in the first post.
- it looks like the interest charge is then being converted into shares that are then allocated to ruben.
- as a result of all of this... ruben/total soccer growth is now the majority shareholder in the club with 51.2% of the shares (for reference... uncle and kamarudin meranun own just 45.2%).

maybe you need to come up with a name for rubin and give uncle a break?

[Hitman34]

These interest payments to Ruben amount to £380,000 per month, so £4.5m per year. Approx 10% of our income

[Hitman34]

Something I missed earlier. Our new majority shareholder is charging interest on his shareholder loans #qprfinances

[Hitman34]

Ruben is now the largest shareholder with 51.04%
TF & Kamarudin own 41.08%
Mittals now own 7.4%

[davieqpr]

the owners are charging the club a interest on the loans they are giving it.


#QPR owners have organised loan of £46m to the club, £30m at 12.7% interest & £16m at 26.8% interest. Interest charge on these loans £113,000 a week.


nicle little earner there for uncle and co

£5,876,000 per year interest alone.

[Hitman34]

the owners are charging the club a interest on the loans they are giving it.


#QPR owners have organised loan of £46m to the club, £30m at 12.7% interest & £16m at 26.8% interest. Interest charge on these loans £113,000 a week.


nicle little earner there for uncle and co