| Amit has stepped down 12:03 - Nov 1 with 33009 views | A40Bosh |
Hoos has the lot! | |
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| Amit has stepped down on 13:35 - Nov 1 with 2656 views | Northernr |
Well, like I say, I think events of the last few weeks have accelerated a few things.
From what our new Swedish friend tells us, Cifuentes has known for weeks but wanted to finish the Swedish season and they've had to accelerate that because Ainsworth was so unmercifully crap.
Bhatia's golf exploits has brought home that he's not the popular figurehead he was. Hoos has clearly been checking out for sometime. Ideally you'd wait until a new CEO is in place but the anger about lack of change and absent owners and pissy CEO has been growing, so do that now.
Hopefully these sponsorships are somebody at finance/commercial level finally waking up, rather than something else that's been brought to a head by an FFP problem. | | | |
| Amit has stepped down on 13:36 - Nov 1 with 2643 views | francisbowles |
Has anyone told Stainrod's Elbow?😤 | | | |
| Amit has stepped down on 13:40 - Nov 1 with 2598 views | PlanetHonneywood |
Rumours coming out of Lambeth Palace, he's got the Archbishop of Canterbury gig too.
#Godsplan [Post edited 1 Nov 2023 13:40]
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| Amit has stepped down on 13:40 - Nov 1 with 2591 views | LongsufferingR |
So after the renaming does that mean that those of us with season tickets in SAR are now to be known as the Bhatia Boys? | | | |
| Amit has stepped down on 13:43 - Nov 1 with 2559 views | Toast_R |
It's a bit more work for a lot more money. | | | |
| Amit has stepped down on 13:44 - Nov 1 with 2542 views | Antti_Heinola |
Depends on the deal doesn't it?
Briatore bought at our lowest ebb and then sold for a big profit on promotion. | |
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| Amit has stepped down on 13:44 - Nov 1 with 2541 views | Juzzie |
".....stand up and makes some noise" | | | |
| Amit has stepped down on 13:47 - Nov 1 with 2495 views | QPR_John |
"Chairmanship duties will now be taken on by Lee"
Maybe splitting hairs but not quite "is the new Chairman" | | | |
| Amit has stepped down on 13:49 - Nov 1 with 2479 views | rbee |
In the scheme of things these sponsorship deals, although welcome, are small change to Ruben and Amit.
I might be wrong but my gut feeling is that Amit's sponsorship is a peacemeal offering as he leaves the role of club Chairman.
Now if the South Africa Road Stand had become The Mittal Stand that would of been far more interesting. | | | |
| Amit has stepped down on 13:52 - Nov 1 with 2439 views | Hastings_Hoops |
Operationally this change is negligible as, let’s be honest, do you really think that Amit didn’t delegate chairman responsibilities (chairing and looking after shareholders matters and agenda items) to Hoos as his CEO anyway?.. Hoos gets no further power as he doesn’t own the club.
Directionally this is significant and my hunch is that this is more writing on the wall to the owners backing out with sponsorship arrangements in place to cash flow their exit / resolve their last mistake(s) easing the burden on a new owner’s introduction. | | | |
| Amit has stepped down on 13:53 - Nov 1 with 2426 views | Antti_Heinola |
not splitting hairs at all mate, it's very carefully worded. Won't stop people going mental though! | |
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| Amit has stepped down on 13:57 - Nov 1 with 2363 views | rbee |
The Official Site has been updated already.
QPR Board
Chairman & CEO Lee Hoos
Vice-Chairman Ruben Gnanalingam
Board Members Ruben Gnanalingam, Amit Bhatia, Richard Reilly | | | |
| Amit has stepped down on 13:59 - Nov 1 with 2340 views | Hunterhoop |
I don’t disagree that is good news, but do you not think that this is a precursor to some form of sale? | | | |
| Amit has stepped down on 14:02 - Nov 1 with 2311 views | Hunterhoop |
Let’s see, BostonR. I know Reilly doesn’t have the money to invest and fund the club, but that doesn’t mean he’s not scout for a consortium who do.
On the ground, not saying it has been leveraged for any borrowing. I’m saying that my one worry with any sale, especially to any Americans, is that it might be.
Let’s see. I think they are trying to sell and this is a sign of ramping up that effort or that things are in motion already. | | | |
| Amit has stepped down on 14:02 - Nov 1 with 2301 views | BostonR |
Good point, but unless I’m mistaken Briatore purchased R’s for £15M - £40M today. Our major debt was against the ground circa £10M and we had no other major capital assets.
Given everything Ruben and the other shareholders have put in, I would want to see a sizeable return. I’d estimate they have covered in excess of £200M to-date plus some loose change.
I would think they’d take £200M if offered but somehow in today’s market I can’t see that being realised. Alternatively, given their wealth they could cut loose for say £100M but an important condition would be that the money should not be leaveraged against the club and its assets. | | | |
| Amit has stepped down on 14:02 - Nov 1 with 2300 views | Antti_Heinola |
What I think is that Amit was always pretty much only a figurehead, only placed there as fans liked him, and I'm amazed fans place so much emphasis on him, when Ruben has been running the show for years. It was just a title. | |
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| Amit has stepped down on 14:04 - Nov 1 with 2280 views | Northernr |
I don't know mate, so I'm not going to speculate otherwise people will be like 'oooh Clive says we're being sold'.
As I've said before, to buy QPR now would put you on the hook for a lot of money immediately, with no FFP room to do anything about the team, so you'd have to be ballsy. You'd be better off letting it go to Lg One and buying it then.
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| Amit has stepped down on 14:04 - Nov 1 with 2277 views | BklynRanger |
Hoos has seemed so burnt out recently though, the idea of him taking on more responsibility doesn't make sense to me.
Unless, as said above, its part of some larger reshuffle or other changes. | | | |
| Amit has stepped down on 14:06 - Nov 1 with 2255 views | Northernr |
Well not really. It doesn't matter if it's the Tooting branch of the Tesco Metro or BP doing it, you're only allowed to sponsor it at market rate. Unless you're Man City. | | | |
| Amit has stepped down on 14:07 - Nov 1 with 2240 views | ted_hendrix |
I actually don't mind Hoos If I'm honest. | |
| My Father had a profound influence on me, he was a lunatic. |
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| Amit has stepped down on 14:10 - Nov 1 with 2216 views | BostonR |
If they were selling I think there would have been some chimes by now. We need to resist any possible purchases using the ground as collateral-we all know where that leads. I don’t think Ruben would do that do us.
If Reilly ups his shareholding, then it’s possible he is stalking, but if Ruben has take TF’s shares I would expect Reilly to exit, unless he is happy to be a very small minority shareholder. | | | |
| Amit has stepped down on 14:12 - Nov 1 with 2199 views | Hunterhoop |
Sunk cost fallacy there, BostonR.
All utterly irrelevant.
The club costs them around 20-24m to simply keep operational every year.
In any valuation method of what QPR is worth, the answer is very little. What people have invested and lost before matters not a jot. The issue is someone having the liquidity to fund the ongoing loss (and obviously being willing to). Our current shareholders have been in that position (great) but they may decide they don’t want to be for much longer. | | | |
| Amit has stepped down on 14:12 - Nov 1 with 2194 views | qprd |
nice guy, but what has he accomplished? his biggest life achievement is marrying the daughter of one of the richest men in the country.... there's not much else to there than that
in practice, he didnt rly run the show. TF stepped away from the chairman role (as he was persistently shooting himself in the foot and getting abuse from the fans, while also selling down)... ruben is pretty quiet and not really a face of an organisation. amit was fairly popular amongst the fans b/c hes personable and a nice guy, but in reality, a sub 5% shareholder isnt really running the board- he was just a face | | | |
| Amit has stepped down on 14:12 - Nov 1 with 2191 views | Antti_Heinola |
No one is buying this club for anything like that money.
The only chance of it being sold is that Ruben decides to cut his losses. That's my opinion, but I know very little about the world of high finance! | |
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| Amit has stepped down on 14:13 - Nov 1 with 2171 views | Hunterhoop |
I think there are some chimes… | | | |
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