FInancial Viability

[KLOS]

There has been much comment on the level of commitment and ambition shown by the Board and that in balance sheet terms it looks risky. Do you think that this stance indicates that the Mittal fortune is finally heavily committed? Up until now it was not readily apparent

[QprSinceBirth]

There has been much comment on the level of commitment and ambition shown by the Board and that in balance sheet terms it looks risky. Do you think that this stance indicates that the Mittal fortune is finally heavily committed? Up until now it was not readily apparent

I'm pretty sure on London calling tony did say the mittals are providing a lot. Also didn't they say last year they will put 33% to whatever tony puts up .

[QPRDave]

I haven't heard anything but surely they are heavily involved now........I hope so, I like Tony very much best chairman in the prem imo, and the best chairman at QPR since Jim Gregory,.. but with Amit, and Mr Mittal involved it reassures me the club is safe, if that's the right word

[QPR Richard]

Tony Fernandes is a high profile businessman who's made a lot of money. He knows how to develop a business and grow it. He's just applying those principles to QPR. I have no doubt, nor should anyone else, he knows exactly what he's doing.

Besides, being such a high profile businessman, if QPR got into financial trouble it would cause immense harm to his reputation. I have total faith in his stewardship and trust him 100%. Anyone who's witnessed Tony celebrating a goal or seen him on his walkabouts knows his heart is truly in our club.

None of us should worry about the finances. Tony's an accountant and knows what's possible and what isn't.

[paulmqpr]

Tony Fernandes is a high profile businessman who's made a lot of money. He knows how to develop a business and grow it. He's just applying those principles to QPR. I have no doubt, nor should anyone else, he knows exactly what he's doing.

Besides, being such a high profile businessman, if QPR got into financial trouble it would cause immense harm to his reputation. I have total faith in his stewardship and trust him 100%. Anyone who's witnessed Tony celebrating a goal or seen him on his walkabouts knows his heart is truly in our club.

None of us should worry about the finances. Tony's an accountant and knows what's possible and what isn't.

Also he is bringing in money, our training gear now has a sponsor. I know it might not be that much money but it's money for nothing really

[QPR Richard]

Also he is bringing in money, our training gear now has a sponsor. I know it might not be that much money but it's money for nothing really

Yes, true, and he's really doing a great job of developing our commercial activities, which potentially is massive being a London club playing in the biggest league in the world.

[HammersmithR]

Fernandes is just the front man for the rich Malaysians who we don't know about plus Amit is really just the front man for Mr Mittal. Whilst these guys are here i am not worried. If they left, then I'd be very worried we could end up like Portsmouth!

[Ginger Ninja]

The mittal family are more involved I think, but don't forget tony has Malaysian backers behind him. They must have some financial clout judging by the amount we are paying on wages, new training facilities and stadium etc.

[The Leveller]

Where are the facts for this assertion. TF learnt his skills in the UK in accountancy and business management at the London School of Economics. Learnt from Branson the Virgin business model as a Financial Controller and Customer service to get the punters behind you. Used his home and savings when he spotted an opportunity and the bet paid off big time. You can part money from a fool but TF is no fool. He is well connected but no front man and he will run this on a profit and loss basis no stupid borrowing or breaching HMRC regulations aka Portsmouth. Lets be clear he is in this for the financial success and at the same time his passion for football. In the mean while enjoy the ride and lay off the cynical character assassination unless you the have facts to back it up.

[QPRDave]

Heard Tony on ssn and he said about our spending on transfers was £1.5 net.

[bonheurjh]

If they left, then I'd be very worried we could end up like "Portsmouth!"

Portsmouth..... A long gone name, where are they placed? below championship?

[Felt]

Heard Tony on ssn and he said about our spending on transfers was £1.5 net.

Also, although they were obviously earning less than the new signings, we've moved more players off the books this transfer window than we've bought in.

[MattyRangers]

Portsmouth..... A long gone name, where are they placed? below championship?

Yep Leagu 1, the league below the Championship.

May well go down again this year if they even survive as a club. Dont think they have a single professional player on their books anymore.

[QPRDave]

Also, although they were obviously earning less than the new signings, we've moved more players off the books this transfer window than we've bought in.

very true mate, quite unbelievable really when you think about it

[camembert]

Yep Leagu 1, the league below the Championship.

May well go down again this year if they even survive as a club. Dont think they have a single professional player on their books anymore.

Portsmouth signed ten unattached players on one month contracts yesterday.