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INDEPENDENT Rs | The Board Room : New £27m loan for QPR

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PostPosted: Sun Aug 09, 2015 11:49 pm Reply with quote
Joined: Fri Aug 17, 2007 8:07 pmPosts: 769
The impression is often given that football club debts don't really matter, but if that is so, why didn't we go on spending at the rate that took losses up to £200 million or so? And keep on doing it until we hit on the right combination of manager and players?

Far from doing anything of the kind, we're talked of now - especially by our own supporters - as if we're not a big spending club at all. Our signings certainly don't match the big talk from Bhatia who spoke of us in terms of 'the Champions League' and Fernandes's comment about 'world class talent'.

The kind of player we're signing hardly amounts to world class talent, or that we're on our way to the Champions League. But if it didn't matter, the Club wouldn't have the debt in the first place. If losses on that scale really don't matter, why hasn't Fernandes taken them on, especially as he is the person responsible for them?

The Premiership brings in so much money these days that we might be forgiven for thinking that a Club's finances would improve as a result. But if you don't know what you're doing, the scale of the potential disaster - and resulting losses - is simply that much greater.

As far as I can see, the string of disastrous decisions arose because they started with completely false assumptions.

That QPR is too small, too unsuccessful, too underfinanced. It is not. That is not a shortcoming. It is what the Club is, BECAUSE of people like the present Board. Who seem incapable of living in the real world, and taking the Club as the Club it is, of the size it is, with the finances and support it has.

And STARTING FROM THERE. Not by making endless meaningless announcements about imaginary grounds, imaginary support, spending money the Club hasn't yet earned on players who never got close to earning what they were paid.

But by learning the game. And FINDING OUT how 'easy' it is to increase the Club's support and consequent finances by improving performances and results on and off the pitch.

Not by deciding in advance how big we'll be, how much money we'll spend, that we'll be world class and in the champions league, but letting our talent - our REAL talent, or the lack of it - do the talking by spending whatever money the Club actually has, on players who are actually worth what they're paid.

If the Club is small, short of money and resources, surely that is the MEASURE of the TALENT of the people RUNNING THE CLUB down the ages, i.e. that THEY are where the Club's problems lie.

Not the other way around. QPR hasn't lost the Chairman's money, he lost QPR's, that is why we're in debt. And QPR didn't make bad decisions concerning his business and activities. He and his predecessors made bad decisions concerning QPR's.

QPR isn't the problem.

THEY are.

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PostPosted: Tue May 17, 2016 2:51 pm Reply with quote
Joined: Sun Jul 08, 2007 8:34 amPosts: 315
im not so sure because ive seen a fesasabillity study where qpr want to build
1000 one million pound flats on loftus road so if that could be possible its not too difficult to see how qpr could easily lose 200 million

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PostPosted: Fri May 20, 2016 9:31 am Reply with quote
User avatarJoined: Sat Sep 27, 2008 2:23 pmPosts: 3735Location: Running down the Uxbridge Road...
Supercatt, at the time that the ABC loan was arranged, with a mortgage on Loftus Road, it was said categorically that Hammersmith Council, should we ever move out for any reason, would not allow LR to be re-developed into housing.
And I think 1,000 flats on the site would be pushing it;although I agree, they build smaller these days. And yes, £1,000,000 in W12 is becoming normal, but even so I can't see the ground being worth £1billion, even if the Council changed it's mind.

Steve Masters, as heard on BBC Radio 2
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