Question for The Accountants..Regarding QPR Debt

[qblockpete]

Am I right in saying the debt is not much higher than in 2006, before the takeover?

http://www.boardroomblues.co.uk/

[CobhamR]

No, you're not right either

[qprdad]

Am I right in saying the debt is not much higher than in 2006, before the takeover?

http://www.boardroomblues.co.uk/

Rather than compare debt, if you compare net values, which are all of the assets less: all of the liabilities, then in:

2006 - figure is £897,000 of positive reserves.

2009 - figure is (£5,769,000) of negative reserves.

So the net position has deteriorated by 6,666,000.

However - I'd much rather be broke and funded by Amit et al, then how we were in 2006!

[vblockranger]

6.5 million.........ouch