" Tony Fernandez writes off £180 million loan "

[code][/code]Now if he can do it....step up to the plate Tan ..You have more money than him and it was your stupid reckless behaviour in appointing Solskjaer and signing players yourself... you have recklessly run up debts of a similar amount and then when we wont except your Red ...you put us back to blue and throw your toys out of the pram.

Don t get me wrong I am all for running the club well...but you haven t done that...we use to worry about £30 million owed to Langston..but what Tan has done is unforgiveable...a lowly DIV ONE MANAGER who signs players and loans them out or doesn t play them.. The crowds won t come back til Slade and Tan are gone... where s the Tan Out smiley


SKY SPORTS

QPR’s owners have effectively wiped out the vast majority of the club’s huge debt by writing off more than £180m.

remember the riddler days we were hours away from going pop, also we couldnt pay the pie bill , also dont forget black friday under sam

Would it have been that bad if the club went bankrupt which by the way I actually thought and still think was the best way. The club at the time were safe from the drop even after the possible point deduction and it still wouldn't have had the decades old financial crap still wrapped around its neck. So was it Tans best move to come in when he did? Probably not as had he come in when the new co started up then he could have started with a clean slate.

Something to think about

I wonder if the FA will review this like last time. It's all well and good writing the cash off but it can go against the FFP rules. They were called into question when they previously wrote off £60 million.

It's not that easy nowadays just to write it off.

Would it have been that bad if the club went bankrupt which by the way I actually thought and still think was the best way. The club at the time were safe from the drop even after the possible point deduction and it still wouldn't have had the decades old financial crap still wrapped around its neck. So was it Tans best move to come in when he did? Probably not as had he come in when the new co started up then he could have started with a clean slate.

Something to think about

As usual your misrepresenting the facts.Bankruptcy is totally different to administration.We were facing the former and theres no way back from that.

AS for the OP.If I were Tan reading this I would say f**k you and let the club burn as a reward for your ignorance.But as I understand it he's a principled man and well above the likes of you.

Well done on you Tony Fernandez, I salute you

Why would he when he gets constantly slagged. If i was him I'd say no chance.

Why would he when he gets constantly slagged. If i was him I'd say no chance.

two different situations as well , but guess its clear as black and white for some!

Would it have been that bad if the club went bankrupt which by the way I actually thought and still think was the best way. The club at the time were safe from the drop even after the possible point deduction and it still wouldn't have had the decades old financial crap still wrapped around its neck. So was it Tans best move to come in when he did? Probably not as had he come in when the new co started up then he could have started with a clean slate.

Something to think about

As usual your misrepresenting the facts.Bankruptcy is totally different to administration.We were facing the former and theres no way back from that.

AS for the OP.If I were Tan reading this I would say f**k you and let the club burn as a reward for your ignorance.But as I understand it he's a principled man and well above the likes of you.

Well said. That is the point that everyone is glossing over. Administration simply wasn't an option given the level of debt against our turnover/assets.

We will be with Tan until he decides to either sell or cut his losses.

The optimist in me says we're more sellable as a Premier club but given the evidence on player spending, Slade, etc I would guess that's a long way off so maybe just making us a club that can break even will have to be enough for now. He's rich but you don't become rich by making losses of £100m+ and walking away.

The bit I find really confusing is if Tan is really committed to walking away or getting rid why is he still making significant investment in the House of Sport, the athletics stadium, etc ? Surely he recognises that any benefits in such developments will take years to materialise, if at all ? I just find that bit strange if we believe, and I do, that he wants to get rid.

If he did write off the debt, shit would be his thanks, be back to 'f**k off Tan' a week later.

Now I'm not saying I wouldn't rather see the club in the hands of someone a bit more likeable, but you can only assess the situation as it is today, the question is, why would he bother.

If he did write off the debt, shit would be his thanks, be back to 'f**k off Tan' a week later.

Now I'm not saying I wouldn't rather see the club in the hands of someone a bit more likeable, but you can only assess the situation as it is today, the question is, why would he bother.

good to see you back

Would it have been that bad if the club went bankrupt which by the way I actually thought and still think was the best way. The club at the time were safe from the drop even after the possible point deduction and it still wouldn't have had the decades old financial crap still wrapped around its neck. So was it Tans best move to come in when he did? Probably not as had he come in when the new co started up then he could have started with a clean slate.

Something to think about

As usual your misrepresenting the facts.Bankruptcy is totally different to administration.We were facing the former and theres no way back from that.

AS for the OP.If I were Tan reading this I would say f**k you and let the club burn as a reward for your ignorance.But as I understand it he's a principled man and well above the likes of you.

Well said. That is the point that everyone is glossing over. Administration simply wasn't an option given the level of debt against our turnover/assets.

We will be with Tan until he decides to either sell or cut his losses.

The optimist in me says we're more sellable as a Premier club but given the evidence on player spending, Slade, etc I would guess that's a long way off so maybe just making us a club that can break even will have to be enough for now. He's rich but you don't become rich by making losses of £100m+ and walking away.

The bit I find really confusing is if Tan is really committed to walking away or getting rid why is he still making significant investment in the House of Sport, the athletics stadium, etc ? Surely he recognises that any benefits in such developments will take years to materialise, if at all ? I just find that bit strange if we believe, and I do, that he wants to get rid.

There seems to be a fair bit of misunderstanding about insolvency procedures in this thread. This answer/comment is in response to not just this post.

Bankruptcy (for individuals) is different to liquidation (for companies). CCFC , under Mr Ridsdale`s guidance was facing a possible winding up order in the courts which would have put the company into liquidation. If the directors had acted properly and promptly however , there was still have been the chance to go to court and get the alternative option of Administration. The option is nothing to do with the ratio of debts to assets or income.

Administration has continued to be an option for the club to clear debts but , under the old Football League insolvency rules would have meant the owner/major creditor approving a formal scheme (a CVA) to get out of Administration and for the club to carry on. Under the new League insolvency rules , that power has been taken away from owners and creditors as no CVA is required - the Administrators effectively choose a new owner subject only to unsecured creditors getting paid a minimum of 25% of their debt back on sale and the League approving a new owner as fit to run a club.

For the reason of the above rule change , I would suspect VT is far less keen to go along the Administration route as he would have no control over its outcome.

Would it have been that bad if the club went bankrupt which by the way I actually thought and still think was the best way. The club at the time were safe from the drop even after the possible point deduction and it still wouldn't have had the decades old financial crap still wrapped around its neck. So was it Tans best move to come in when he did? Probably not as had he come in when the new co started up then he could have started with a clean slate.

Something to think about

As usual your misrepresenting the facts.Bankruptcy is totally different to administration.We were facing the former and theres no way back from that.

AS for the OP.If I were Tan reading this I would say f**k you and let the club burn as a reward for your ignorance.But as I understand it he's a principled man and well above the likes of you.

Well said. That is the point that everyone is glossing over. Administration simply wasn't an option given the level of debt against our turnover/assets.

We will be with Tan until he decides to either sell or cut his losses.

The optimist in me says we're more sellable as a Premier club but given the evidence on player spending, Slade, etc I would guess that's a long way off so maybe just making us a club that can break even will have to be enough for now. He's rich but you don't become rich by making losses of £100m+ and walking away.

The bit I find really confusing is if Tan is really committed to walking away or getting rid why is he still making significant investment in the House of Sport, the athletics stadium, etc ? Surely he recognises that any benefits in such developments will take years to materialise, if at all ? I just find that bit strange if we believe, and I do, that he wants to get rid.

There seems to be a fair bit of misunderstanding about insolvency procedures in this thread. This answer/comment is in response to not just this post.

Bankruptcy (for individuals) is different to liquidation (for companies). CCFC , under Mr Ridsdale`s guidance was facing a possible winding up order in the courts which would have put the company into liquidation. If the directors had acted properly and promptly however , there was still have been the chance to go to court and get the alternative option of Administration. The option is nothing to do with the ratio of debts to assets or income.

Administration has continued to be an option for the club to clear debts but , under the old Football League insolvency rules would have meant the owner/major creditor approving a formal scheme (a CVA) to get out of Administration and for the club to carry on. Under the new League insolvency rules , that power has been taken away from owners and creditors as no CVA is required - the Administrators effectively choose a new owner subject only to unsecured creditors getting paid a minimum of 25% of their debt back on sale and the League approving a new owner as fit to run a club.

For the reason of the above rule change , I would suspect VT is far less keen to go along the Administration route as he would have no control over its outcome.

Thanks, Keith. Clears that one up nicely!

We all thought it was ALL OF THE DEBT TO EQUITY FOR RED didn't happen then the " I may do a little debt to equity soon " to please the fans with a headline in the media which was false hope again.............Oh we are still waiting

Hope Tan does the same.

LOOK BELOW

Why would he when he gets constantly slagged. If i was him I'd say no chance.

A. He promised
B. He's brought every ounce of criticism on himself

[code][/code]Now if he can do it....step up to the plate Tan ..You have more money than him and it was your stupid reckless behaviour in appointing Solskjaer and signing players yourself... you have recklessly run up debts of a similar amount and then when we wont except your Red ...you put us back to blue and throw your toys out of the pram.

Don t get me wrong I am all for running the club well...but you haven t done that...we use to worry about £30 million owed to Langston..but what Tan has done is unforgiveable...a lowly DIV ONE MANAGER who signs players and loans them out or doesn t play them.. The crowds won t come back til Slade and Tan are gone... where s the Tan Out smiley


SKY SPORTS

QPR’s owners have effectively wiped out the vast majority of the club’s huge debt by writing off more than £180m.

Its easy to slag him off, but how much would pay towards it ???

Don't forget when he came we were right in the shit....

We all thought it was ALL OF THE DEBT TO EQUITY FOR RED didn't happen then the " I may do a little debt to equity soon " to please the fans with a headline in the media which was false hope again.............Oh we are still waiting

Well as we didn't take red on fully once we started to lose why would he convert debt to equity.

We are now back blue in case you hadn't noticed.

Why would he when he gets constantly slagged. If i was him I'd say no chance.

A. He promised
B. He's brought every ounce of criticism on himself

No he didn't there were conditions attached which weren't fulfilled.

Maybe the QPR fans aren't dickheads to Fernandes.

Maybe the QPR fans aren't dickheads to Fernandes.

They have no reason to be.

Why would he when he gets constantly slagged. If i was him I'd say no chance.

A. He promised
B. He's brought every ounce of criticism on himself

No he didn't there were conditions attached which weren't fulfilled.

Yes they were.

We all thought it was ALL OF THE DEBT TO EQUITY FOR RED didn't happen then the " I may do a little debt to equity soon " to please the fans with a headline in the media which was false hope again.............Oh we are still waiting

Well as we didn't take red on fully once we started to lose why would he convert debt to equity.

We are now back blue in case you hadn't noticed.

Where you been we was red for a few seasons with a red stand put in to. Because we lost and went down I don't see how that has anything to do with the broken promises made.
We back blue because he had no other choice really it wasn't done for me or you was it

Why would he when he gets constantly slagged. If i was him I'd say no chance.

A. He promised
B. He's brought every ounce of criticism on himself

No he didn't there were conditions attached which weren't fulfilled.

Well said Maccydee.

The trouble is we live in a something for nothing society and the individual expectations of some fans is beyond reasonable logic.

Back in 2012 there was a promise made of a £100m investment which included a debt to equity in exchange for a rebrand to red.

The fan base rebelled and the rebrand was reversed. Just why Mr Tan is now expected to honour the original agreement is baffling especially as he has blown the best part of £150m with only 1 season of Premiership football and an empty stand to show for it.

Would it have been that bad if the club went bankrupt which by the way I actually thought and still think was the best way. The club at the time were safe from the drop even after the possible point deduction and it still wouldn't have had the decades old financial crap still wrapped around its neck. So was it Tans best move to come in when he did? Probably not as had he come in when the new co started up then he could have started with a clean slate.

Something to think about

Something else to think about.

What if your business was one of those who would have lost thousands of pounds by CCFC being liquidated or sold for a pittance under Administration? Would you still think it was a good idea?

Or was it better that Tan came in and paid those small business and stopped them from possible cash flow problems which could have led to even more liquidations?

Would it have been that bad if the club went bankrupt which by the way I actually thought and still think was the best way. The club at the time were safe from the drop even after the possible point deduction and it still wouldn't have had the decades old financial crap still wrapped around its neck. So was it Tans best move to come in when he did? Probably not as had he come in when the new co started up then he could have started with a clean slate.

Something to think about

Something else to think about.

What if your business was one of those who would have lost thousands of pounds by CCFC being liquidated or sold for a pittance under Administration? Would you still think it was a good idea?

Or was it better that Tan came in and paid those small business and stopped them from possible cash flow problems which could have led to even more liquidations?

Tony, the advantage most 'vocals' on here have is that it is not their money or businesses they are happy to write-off!

I'm pretty sure those self-same people would have a lot more to say if they were personally affected by any other business (football or otherwise) going into Administration and affecting their own!

Why would he when he gets constantly slagged. If i was him I'd say no chance.

A. He promised
B. He's brought every ounce of criticism on himself

No he didn't there were conditions attached which weren't fulfilled.

Well said Maccydee.

The trouble is we live in a something for nothing society and the individual expectations of some fans is beyond reasonable logic.

Back in 2012 there was a promise made of a £100m investment which included a debt to equity in exchange for a rebrand to red.

The fan base rebelled and the rebrand was reversed. Just why Mr Tan is now expected to honour the original agreement is baffling especially as he has blown the best part of £150m with only 1 season of Premiership football and an empty stand to show for it.

Beyond reasonable logic. Love that.

We do have some illogical fans.

It should also be noted that the protests started when we started losing. When winning the championship the protests were individual.

Maybe the QPR fans aren't dickheads to Fernandes.

They have no reason to be.

Really? Massive debt, fines, some of his Twitter posts were cringeworthy. Getting rid of the lifeblood of the team and replacing with mercenaries.

There's more I'm sure.

Maybe the QPR fans aren't dickheads to Fernandes.

They have no reason to be.

Really? Massive debt, fines, some of his Twitter posts were cringeworthy. Getting rid of the lifeblood of the team and replacing with mercenaries.

There's more I'm sure.

Fernandez is not daft ! May have given club 180m but if Look at expenditure for coming season (high earners) debt will soon be in multi millions and no premier footy! Ffp will cause them massive problems in near future And he doesn't want to be saddled with extra fines like one already imposed!