Oliver holt/ Mirror

[gilly]

Yet Hughes came on board, presumably with promises of money.

[rangerforevereastcote]

its all ****** he is there with the mittals they would not be doing anything unless together and in agreement , theres no doubt the mittals are short!!

what a bunch of #####s these journos are

[Westbyfleetr]

January is a notoriously difificult market. Few players are actually 'up for sale' so clubs are playing hardball. That we lost out to Qatari owned PSG for Alex should hardly be seen as a defeat when they are also playing for the League and we are trying to stay in one.

Too easy to write a lazy story based on 'concerns'.

[TerryH]

I suspected that the club is being financed by the profits of the Tune Group, the company that owns QPR.

There are 3 major share holders within the Tune Group worth between them approx £1bn + I also suspect that the Mittals are investing a third of the money the Tune Group pour into the club.

However these guys are being sensible and understand within a certain amount of time club must become self sufficient.

Keep i ensible, keep it real and safeguard the future of the club!

[Terry-Mancini-123]

I suspected that the club is being financed by the profits of the Tune Group, the company that owns QPR.

There are 3 major share holders within the Tune Group worth between them approx £1bn + I also suspect that the Mittals are investing a third of the money the Tune Group pour into the club.

However these guys are being sensible and understand within a certain amount of time club must become self sufficient.

Keep i ensible, keep it real and safeguard the future of the club!

Once this group (never heard of them) don't change their, keep playing the same, and don't go out of....

[stainrodisalegend]

I suspected that the club is being financed by the profits of the Tune Group, the company that owns QPR.

There are 3 major share holders within the Tune Group worth between them approx £1bn + I also suspect that the Mittals are investing a third of the money the Tune Group pour into the club.

However these guys are being sensible and understand within a certain amount of time club must become self sufficient.

Keep i ensible, keep it real and safeguard the future of the club!

Thanks for that Terry, all news to me. Never even heard of the Tune Group. Who are the three major shareholders you mention - Fernandes, Mittels and the other Malaysian bloke on our board whose name escapes me?

[W12_Ranger]

Before the MK Dons match NW was heard something to this affect, thats gospel as well

[Rsonist]

Found this article. From what I can see Tune Group itself seems to just be Tony and his low-key mate Kamarudin Meranun, but each subsidiary (and there are loads) is made up of many smaller shareholders. So... clear as mud really.

http://biz.thestar.com.my/news/story.asp?file=/2009/11/7/business/5043189&sec=business

Fernandes holds a 13.93% stake in Tune Hotels, and some indirect interests via Tune Ventures Sdn Bhd that holds a 29.35% in the budget hotel chain. Other shareholders include prominent individuals Datuk Seri Kalimullah Masheerul Hassan (10.7%), Lim Kian Onn (10.7%) and Datuk Kamarudin Meranun (10.45%), as well as Japan-based financial services conglomerate Orix Corp (10.62%) and Singapore-based private venture capitalist East Pacific Capital Pte Ltd (8.7%).

Fernandes owns direct interests of 9.95% in Tune Money, and indirect interests via Tune Ventures, which holds a 34.16% stake in Tune Money. Other shareholders include CIMB SI II Sdn Bhd (25.69%), Kalimullah (8.44%), Lim Kian Onn (8.44%) and former Tune Money CEO Tengku Zafrul Tengku Abdul Aziz (7.48%).

[BUSHRANGER1982]

How did Holt back his claim up?
Or, was it just a case of "I think, but I don't know for sure?"

I would take anything these rubbish journos say, with a huge pinch of salt.

[Rsonist]

And Tony says this:

Fernandes says the Tune group, as well as AirAsia X Sdn Bhd, are all handled by “very competent CEOs”.

“I don’t get directly involved in those businesses. I am just a sounding board member,” he explains, adding that his mainstay is still the short-haul business of AirAsia Bhd.

But then there's all this...

http://www.freemalaysiatoday.com/2011/11/22/the-real-winners-in-air-asia-mas-deal/

[Rsonist]

Can the OP please link the original Holt article he's referring to? Can't find it anywhere on the Mirror site.

[LOOPYHOOP]

Oliver Holt and Paul Smith,same thing................Yawn.................

[JonDoeman]

Can the OP please link the original Holt article he's referring to? Can't find it anywhere on the Mirror site.

Or on his twitter.

[padstow]

Thanks for that Terry, all news to me. Never even heard of the Tune Group. Who are the three major shareholders you mention - Fernandes, Mittels and the other Malaysian bloke on our board whose name escapes me?

Have a look at the sleeves of all the premier league referees!

[blueboy]

am i the only one who isnt that sad that TF is not throwing money about like a drunken yuppy?...