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Post by Corbray on Mar 7, 2023 14:56:12 GMT
How much is Ruben actually worth? I had a quick look and couldn't see it. It also says that he stepped down when Tony did. Also can't see what other clubs he is a part of, as he mentioned in the last interview. LA FC in Major League Soccer in USA The Falcons in some Basketball Team League that explains why will ferell was at a qpr game recently. ruben said that the club are open to outside investment so i wonder if he's looking to buy into a british club |
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Post by MattyRangers on Mar 7, 2023 15:02:35 GMT
LA FC in Major League Soccer in USA The Falcons in some Basketball Team League that explains why will ferell was at a qpr game recently. ruben said that the club are open to outside investment so i wonder if he's looking to buy into a british club Ferrell surely isn't worth a wank in terms of football club ownership wealth? |
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Post by gtleighsr3 on Mar 7, 2023 15:13:55 GMT
His step brother is though😀
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Post by hubble on Mar 7, 2023 15:25:47 GMT
LA FC in Major League Soccer in USA The Falcons in some Basketball Team League that explains why will ferell was at a qpr game recently. ruben said that the club are open to outside investment so i wonder if he's looking to buy into a british club
Sadly we're not as cute as Wrexham. We're a scruffy, past-it, roughed-up old club from West London, clinging to bygone days of brief glory.
And if a new owner did come in, wouldn't they too have their hands tied by FFP - AKA Fucking Football Policy?
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Post by Stanley75 on Mar 7, 2023 18:52:45 GMT
Agree so what is the answer In debt for our whole existance now Need Mittal to buy club pay debt off And put in plans for a new ground We are just a floater atm in a big sea Going nowhere fast in vast debt The owners convert the debt into equity Gens. |
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Post by sparks on Mar 8, 2023 9:07:48 GMT
Another view on the latest accounts.interesting that we are described as a mid table club in terms of revenue instead of many saying lower!
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Post by The General on Mar 8, 2023 10:53:59 GMT
Agree so what is the answer In debt for our whole existance now Need Mittal to buy club pay debt off And put in plans for a new ground We are just a floater atm in a big sea Going nowhere fast in vast debt The owners convert the debt into equity Gens. Is this why Amit and American guys shares have gone up this year as they paid the debt this year and turned it into equity Stan do you think ?? |
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Post by Stanley75 on Mar 8, 2023 11:22:15 GMT
The owners convert the debt into equity Gens. Is this why Amit and American guys shares have gone up this year as they paid the debt this year and turned it into equity Stan do you think ?? The Mittals, yes. Reilly, no as he only arrived in the last financial year and bought 12%. Would also explain why Ruben's share has increased and TF and Kamarudin's have gone down. |
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Post by West Acton on Mar 8, 2023 11:22:37 GMT
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Post by 2Loftus on Mar 8, 2023 11:27:08 GMT
Pay attention Westie...  |
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Post by The General on Mar 8, 2023 12:07:37 GMT
So basically Stan if Mittal keeps paying the yearly debt instead of Tony he will become a major shareholder of the club in the end ?
Paying for shares by clearing the yearly debt
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Post by West Acton on Mar 8, 2023 12:43:41 GMT
Pay attention Westie... 😂 humblest apologies Sparks and thank you for drawing to my attention Loftus End of school report - Westie is enthusiastic but easily distracted by the girls in the class. Has potential but must retain his focus and try harder. |
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Post by Stanley75 on Mar 8, 2023 12:51:26 GMT
So basically Stan if Mittal keeps paying the yearly debt instead of Tony he will become a major shareholder of the club in the end ? Paying for shares by clearing the yearly debt It's possible Gens. Time will tell. This is just the first time since the Mittals arrived that they've increased their stake. Every preceding year it's gone down. Significantly, Ruben has been the only majority shareholder since 2016 though. Tony and Kamarudin are now silent partners. The latter stepped down from the board last year and suspect they're both contributing a lot less as their combined share reduced from 46% to 26% in the last tax year. Similarly, last year is the first time we've seen such a big controlling ownership shift since they arrived. Also, not sure 'debt' is the correct word Gens. It's more like financing the club to keep it solvent. |
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Post by sparks on Mar 8, 2023 13:06:02 GMT
Can anyone explain the remark Swiss Ramble made in our returns regarding Stoke City under the sub section - Profit and Loss 2021/22
“Note Stoke City £102m profit is only thanks to the waiver of a £120m inter-company loan”
I don’t understand how this bypasses FFP?
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Post by The General on Mar 8, 2023 13:20:08 GMT
So basically Stan if Mittal keeps paying the yearly debt instead of Tony he will become a major shareholder of the club in the end ? Paying for shares by clearing the yearly debt It's possible Gens. Time will tell. This is just the first time since the Mittals arrived that they've increased their stake. Every preceding year it's gone down. Significantly, Ruben has been the only majority shareholder since 2016 though. Tony and Kamarudin are now silent partners. The latter stepped down from the board last year and suspect they're both contributing a lot less as their combined share reduced from 46% to 26% in the last tax year. Similarly, last year is the first time we've seen such a big controlling ownership shift since they arrived. Also, not sure 'debt' is the correct word Gens. It's more like financing the club to keep it solvent. Could end up with Mittal as a major player would like that thanks for clarifying Stan |
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Post by West Acton on Mar 8, 2023 14:26:07 GMT
I think Mittel gets easy ride from fans. Been here longer than and is involved in every decision made by TF and Ruben which fan base object too but he never gets any stick same as Amit.
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Post by 1973ranger on Mar 8, 2023 14:32:28 GMT
I think Mittel gets easy ride from fans. Been here longer than and is involved in every decision made by TF and Ruben which fan base object too but he never gets any stick same as Amit. Absolute Garbage Westie. Fernandes keeping Hughes as long as he did was what started the ball rolling to where we are and as Chairman and majority owner ultimately he pushed for that. Mittal has been a bit part for a while now. Amit maybe should get a bit more but not Mittal. |
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systemsguy
Bronze Seat
2024/2025.... Keep Calm, no matter the season, we'll follow our team.....
Posts: 138
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Post by systemsguy on Mar 8, 2023 14:52:39 GMT
So basically Stan if Mittal keeps paying the yearly debt instead of Tony he will become a major shareholder of the club in the end ? Paying for shares by clearing the yearly debt It's possible Gens. Time will tell. This is just the first time since the Mittals arrived that they've increased their stake. Every preceding year it's gone down. Significantly, Ruben has been the only majority shareholder since 2016 though. Tony and Kamarudin are now silent partners. The latter stepped down from the board last year and suspect they're both contributing a lot less as their combined share reduced from 46% to 26% in the last tax year. Similarly, last year is the first time we've seen such a big controlling ownership shift since they arrived. Also, not sure 'debt' is the correct word Gens. It's more like financing the club to keep it solvent. Not sure how relevant this is but going back to the days of Tango and Cash.... Mittal and Amit increased their stake a bit (I believe it was 33% for no monetary cost) at QPR when Flav stepped down as chairman in a smoke and mirrors job of looking like they had taken control in 2010 and Amit was chairman.... Warnock was employed and the promised land was reached the following season..... it all went to shite when Flav and Bernie turned down Amit's offer of taking control of the club when in the Premier league for a cool £30M from that prize mug Tony Fernandes... They sold him a racing team as a sweetener at the same time (which failed quite quickly). He was like a kid in a sweet shop and Kia Joobaran had his trousers down and reading in the accounts £332M since 2011 has been lost is just mind blowing |
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Post by gtleighsr3 on Mar 8, 2023 15:01:35 GMT
I think Mittel gets easy ride from fans. Been here longer than and is involved in every decision made by TF and Ruben which fan base object too but he never gets any stick same as Amit. He spent more on family wedding and the scrap metal sculpture he built for London olympics outside the stadium than on us |
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Post by West Acton on Mar 8, 2023 15:11:32 GMT
He’s a part owner and on the board 73. Joint accountability the lot of them.
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Post by 2Loftus on Mar 8, 2023 16:05:41 GMT
Re Mittals and Amit… could be wrong but my understanding is that Amit represents the Mittals at the club in a practical sense, so more or less one and the same.
I recall way back when the Mittals wanted to buy the club, but fell out withTango and Cash somehow, who sold to TF. Maybe increasing their shareholding is a way of gradually gaining control of the club.
Who knows, but could be interesting if Amit had effective control. Rightly or wrongly, I’ve always felt his intervention (when the Orange Blob got sidelined by Crashgate, and Warnock was brought in) was the most important factor in getting us promoted back then.
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Post by Stanley75 on Mar 8, 2023 16:39:28 GMT
I think Mittel gets easy ride from fans. Been here longer than and is involved in every decision made by TF and Ruben which fan base object too but he never gets any stick same as Amit. Two reasons for this IMO: 1) Out of all the owners, Amit by far comes across as the most measured, sensible and intelligent in interviews. 2) As Loftus alludes to above, it was largely his intervention over the day to day running from Flavio, and his close relationship with Warnock, that was the catalyst for our 2010/11 promotion. Fans have long memories and they don't forget that. He was one of the few people that came out of "The Four Year Plan" film with any credibility still intact. This isn't to say I disagree with you that as co-owner he's not responsible for the problems the club has got itself into, despite having a much smaller controlling interest in the club. |
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systemsguy
Bronze Seat
2024/2025.... Keep Calm, no matter the season, we'll follow our team.....
Posts: 138
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Post by systemsguy on Mar 9, 2023 11:18:52 GMT
Re Mittals and Amit… could be wrong but my understanding is that Amit represents the Mittals at the club in a practical sense, so more or less one and the same. I recall way back when the Mittals wanted to buy the club, but fell out withTango and Cash somehow, who sold to TF. Maybe increasing their shareholding is a way of gradually gaining control of the club. Who knows, but could be interesting if Amit had effective control. Rightly or wrongly, I’ve always felt his intervention (when the Orange Blob got sidelined by Crashgate, and Warnock was brought in) was the most important factor in getting us promoted back then. Don't think they fell out, it was all about £30M from some mug with cash on the hip.... Karen Brady let that little nugget out of the bag in an interview about a friend paying said sum and he was unlikely to get it back Uncle Tony took on all our debt as well.... Tango and Cash walked off into the sunset together |
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Post by hal9thou on Mar 9, 2023 21:40:21 GMT
Can anyone explain the remark Swiss Ramble made in our returns regarding Stoke City under the sub section - Profit and Loss 2021/22 “Note Stoke City £102m profit is only thanks to the waiver of a £120m inter-company loan” I don’t understand how this bypasses FFP? Good spot, they wouldn't be the first club to use this hack. |
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Post by sparks on Mar 10, 2023 7:43:24 GMT
Can anyone explain the remark Swiss Ramble made in our returns regarding Stoke City under the sub section - Profit and Loss 2021/22 “Note Stoke City £102m profit is only thanks to the waiver of a £120m inter-company loan” I don’t understand how this bypasses FFP? Good spot, they wouldn't be the first club to use this hack. Stoke owners look to find a solution to a problem, meanwhile ours are apathetic to it all. |
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Post by hal9thou on Mar 10, 2023 12:47:20 GMT
Good spot, they wouldn't be the first club to use this hack. Stoke owners look to find a solution to a problem, meanwhile ours are apathetic to it all. Yeah thats what massively fucks me off. They have the money. It's just a question of moving it around. Had they done that, they would actually have ended up saving money because we're now looking down the barrel at some serious loss making. |
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Post by sparks on May 31, 2023 13:56:46 GMT
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Post by 1qprdk on May 31, 2023 13:58:59 GMT
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Post by sparks on May 31, 2023 14:01:41 GMT
When I opened the document that link appeared DK, I’ve added another link but it’s needs opening to view.
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Post by gtleighsr3 on May 31, 2023 14:18:37 GMT
I use Michelin to do my books
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