| Tony Fernandes leaves the club 09:02 - Jul 10 with 18964 views | kingsburyR |
Now what? |  |
| Dont know why we bother. .... but we do! |
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| Tony Fernandes leaves the club on 11:00 - Jul 10 with 4037 views | rbee |
Media reporting that Tony Fernandes has disposed of his controlling interest in the club but he hasn't had a controlling interest for several years!
The man's wreckless spending and flouting of the Financial Fair Play regulations landed the club in a huge mess the affects of which we are very much still feeling today. Cesar, Rio, Park were his signings not Hughes. McClaren was his final mistake.
He should of stayed, with a non controlling interest, and pumped his cash in to the club to try and rectify the damage that he has done but no he walks away.
I don't care about his good intentions, I loathe the man for what he has done to our club. |  | | |
| Tony Fernandes leaves the club on 11:00 - Jul 10 with 4030 views | Sonofpugwash |
All sorts of turmoil in the air industry.
Maybe the shit is about to hit the turbofan. |  |
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| Tony Fernandes leaves the club on 11:23 - Jul 10 with 3815 views | TacticalR |
Whenever I think of Fernandes' 'vision'/ambition/outpouring of hot air, I reminded of Bacon's observation, which has proved to be true:
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| Tony Fernandes leaves the club on 11:30 - Jul 10 with 3727 views | HAYESBOY |
Meh..... |  |
| Smells like a trout farm in here |
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| Tony Fernandes leaves the club on 11:41 - Jul 10 with 3634 views | Nov77 |
| Tony Fernandes leaves the club on 10:13 - Jul 10 by 08olesen |
Smart move by TF. His share value would take a serious hit in L1 next year.
We really need to get a grip of the ship. I have never not wanted a season to start but this is how I feel about this one.
Hopefully the shares have gone to Mittal, we need to stop mucking around. [Post edited 10 Jul 2023 10:13]
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This. Like les, can see what an almighty shitshow this season is going to be, getting out now to escape the flak and before his shareholding becomes worthless. |  |
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| Tony Fernandes leaves the club on 11:53 - Jul 10 with 3530 views | TacticalR |
Do you remember when people kept saying that Fernandes was...'astute'? Because of course all businessmen are astute. It stands to reason. | |
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| Tony Fernandes leaves the club on 12:08 - Jul 10 with 3413 views | 08olesen |
| Tony Fernandes leaves the club on 09:15 - Jul 10 by WokingR |
Does this mean I'm actually going to have to get to grips with how to pronounce Ruben's surname ? |
What I didn't realise was that his Dad is worth $1.4 Billion according to Forbes and Ruben is CEO of the business. Didn't realise he was that wealthy but maybe that explains why he can absorb the debt, 1.5 mill a month is probably less than his bar bill.
Likewise for Mittal's, QPR is worth more to them as a status symbol than an investment, while recognising the impending ridicule the phrase garners for little old QPR.
Tony on the other hand is only worth $335 million and its probably all in Air Asia stock that you feel could go anywhere over the next few years. |  |
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| Tony Fernandes leaves the club on 12:17 - Jul 10 with 3346 views | Yorkshirehoop |
I believe Tony genuinely tried his best and one would imagine he is seriously out of pocket.
Why should he keep pumping money into the club when it's going down the sinkhole ?
His biggest mistake was bringing in Mark Hughes and allow him to run the club like we were Real Madrid.
The best club owners are the ones you never hear from buy keep the club ticking over.
I know we didn't have social media in the early 90s but Richard Thompson ran our club as a sustainable business, I don't think anyone can argue with that.
Chris Wright could have bankrupt the club with his panic buy signings, Mike Sheron
Being the biggest example.
As for the silver fox Briarore, he made us a laughing stock.
The best thing he came out with on that documentary was "tell me who the fans are that are booing or I'll sell the club".
The soap opera that is our football club is in a perverse way one of the reasons we keep coming back.
I've got a feeling that Ruben will be looking to sell up, yet despite our current plight we will be an attractive draw to someone what with us being a London club. |  | | |
| Tony Fernandes leaves the club on 12:25 - Jul 10 with 3292 views | BklynRanger |
| Tony Fernandes leaves the club on 11:53 - Jul 10 by TacticalR |
Do you remember when people kept saying that Fernandes was...'astute'? Because of course all businessmen are astute. It stands to reason. |
Guys like that don't do failure.
Wait a minute...
He does seem like a genuinely nice bloke from what I've seen of him over the years. Sadly don't think that's one of the 'essential skills' and it has all been a bit fcuking mental.
Can't decide whether to wish him well, thank him for trying, or focus on the many calamities and the state of us now. A combination of all of it seems about right. [Post edited 10 Jul 2023 12:50]
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| Tony Fernandes leaves the club on 12:31 - Jul 10 with 3233 views | BostonR |
| Tony Fernandes leaves the club on 11:53 - Jul 10 by TacticalR |
Do you remember when people kept saying that Fernandes was...'astute'? Because of course all businessmen are astute. It stands to reason. |
That’s a very unfair picture of what happened. Yes, loads of mistakes but he paid financially for them. He was a responsible owner who made some bad decisions but didn’t take flight. He’s left the Board in a responsible manner and handed to Ruben.
In our current position most owners would have put us into administration again. |  | | |
| Tony Fernandes leaves the club on 12:36 - Jul 10 with 3194 views | A_B_4 |
Personally, regardless of any errors Tony may have made in his time here one thing that couldn’t be questioned was his commitment to the club and the community.
Today’s news potentially (probably?) places an even greater burden on Ruben to continue funding the club at a time when the financial position is already dire.
Given their friendship and being partners in business it always gave me a sense of confidence their financial support of the club would continue. An ‘in it together’ type of thing. Whilst I’m sure Ruben would have known about this for some time and by not exiting together he has, for the time at least, committed to continue playing a role at QPR. My concern would be today’s developments potentially making him more likely to question this than he previously would have done if the season unfolds the way so many of us are predicting.
As many have eluded to previously, without the outside support Tune offer the club would be out of the frying pan and into the fire financially. |  | | |
| Tony Fernandes leaves the club on 12:39 - Jul 10 with 3172 views | PunteR |
Let's just hope it's an end of an era and QPR can start making good decisions and get back to the top division.
He was probably a nice guy but his naivety just ruined us. Just really poor decision making and handled fans expectations appallingly. I just couldn't take the guy seriously.
Such a shame he didn't build our club into something special. The money that's been wasted is shocking. |  |
| Occasional providers of half decent House music. |
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| Tony Fernandes leaves the club on 12:42 - Jul 10 with 3130 views | 89_50 |
Not massively surprised by the TF decision.
I think his heart was always in the right place, but he was too naive and became too emotionally involved with things.
Ruben seems more hands-off with the day-to-day running, which should mean less knee-jerk reactions.
He's also got his fingers in other sports teams/businesses, notably LAFC, so you think with that sort of portfolio, he sees the value in remaining invested in us. |  | | |
| Tony Fernandes leaves the club on 12:44 - Jul 10 with 3115 views | rbee |
| Tony Fernandes leaves the club on 12:31 - Jul 10 by BostonR |
That’s a very unfair picture of what happened. Yes, loads of mistakes but he paid financially for them. He was a responsible owner who made some bad decisions but didn’t take flight. He’s left the Board in a responsible manner and handed to Ruben.
In our current position most owners would have put us into administration again. |
A responsible owner would not deliberately flout the FFP regulations.
Whatever your opinions on the guy there is no doubt that the club is in a far worse position today than when he took over. | | | |
| Tony Fernandes leaves the club on 12:52 - Jul 10 with 3025 views | PunteR |
| Tony Fernandes leaves the club on 12:44 - Jul 10 by rbee |
A responsible owner would not deliberately flout the FFP regulations.
Whatever your opinions on the guy there is no doubt that the club is in a far worse position today than when he took over. |
Yeah agree with you. | |
| Occasional providers of half decent House music. |
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| Tony Fernandes leaves the club on 13:18 - Jul 10 with 2814 views | connell10 |
Maybe Tony can go buy his favourite club Wet Spam! The bloke was useless as our chairman, not once but twice he blew it . So I'm not bothered he is going , good riddance! |  |
| AND WHEN I DREAM , I DREAM ABOUT YOU AND WHEN I SCREAM I SCREAM ABOUT YOU!!!!! | | Poll: | best number 10 ever? |
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| Tony Fernandes leaves the club on 13:37 - Jul 10 with 2665 views | Juzzie |
So long, and thanks for all the fish. |  | | |
| Tony Fernandes leaves the club on 13:44 - Jul 10 with 2590 views | Lblock |
| Tony Fernandes leaves the club on 12:31 - Jul 10 by BostonR |
That’s a very unfair picture of what happened. Yes, loads of mistakes but he paid financially for them. He was a responsible owner who made some bad decisions but didn’t take flight. He’s left the Board in a responsible manner and handed to Ruben.
In our current position most owners would have put us into administration again. |
Question for ya
If he "paid financially for them" why is the club approaching half a billion pounds in debt? |  |
| Cherish and enjoy life.... this ain't no dress rehearsal |
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| Tony Fernandes leaves the club on 13:52 - Jul 10 with 2519 views | Sonofpugwash |
| Tony Fernandes leaves the club on 12:17 - Jul 10 by Yorkshirehoop |
I believe Tony genuinely tried his best and one would imagine he is seriously out of pocket.
Why should he keep pumping money into the club when it's going down the sinkhole ?
His biggest mistake was bringing in Mark Hughes and allow him to run the club like we were Real Madrid.
The best club owners are the ones you never hear from buy keep the club ticking over.
I know we didn't have social media in the early 90s but Richard Thompson ran our club as a sustainable business, I don't think anyone can argue with that.
Chris Wright could have bankrupt the club with his panic buy signings, Mike Sheron
Being the biggest example.
As for the silver fox Briarore, he made us a laughing stock.
The best thing he came out with on that documentary was "tell me who the fans are that are booing or I'll sell the club".
The soap opera that is our football club is in a perverse way one of the reasons we keep coming back.
I've got a feeling that Ruben will be looking to sell up, yet despite our current plight we will be an attractive draw to someone what with us being a London club. |
What,Richard "Cheveley Park Stud" Thompson who asset stripped the club?
Do me a favour. | |
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| Tony Fernandes leaves the club on 14:03 - Jul 10 with 2442 views | rbee |
One of his biggest mistakes was bringing in Mark Hughes and then signing players that Hughes didn't want!
I know what you are saying about us being a London club but we are in debt and the Profit and Sustainability Regulations severely restrict any investment in the club. | | | |
| Tony Fernandes leaves the club on 14:07 - Jul 10 with 2401 views | BostonR |
| Tony Fernandes leaves the club on 13:44 - Jul 10 by Lblock |
Question for ya
If he "paid financially for them" why is the club approaching half a billion pounds in debt? |
Explain that figure to me. | | | |
| Tony Fernandes leaves the club on 14:20 - Jul 10 with 2298 views | TacticalR |
Does anyone doubt that if QPR had been a success Fernandes would have been all over it? Instead we see that, as in all walks of life, 'failure is an orphan'. | |
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| Tony Fernandes leaves the club on 14:23 - Jul 10 with 2262 views | Blue_Castello |
| Tony Fernandes leaves the club on 14:07 - Jul 10 by BostonR |
Explain that figure to me. |
Me neither the debt that has been incurred has been converted into shares and the owners have absorbed the debt, it's true they have lost millions keeping the club afloat.
Well at least that's my understanding of the situation, one of our accounting fans will clarify. | | | |
| Tony Fernandes leaves the club on 14:24 - Jul 10 with 2254 views | Antti_Heinola |
| Tony Fernandes leaves the club on 14:03 - Jul 10 by rbee |
One of his biggest mistakes was bringing in Mark Hughes and then signing players that Hughes didn't want!
I know what you are saying about us being a London club but we are in debt and the Profit and Sustainability Regulations severely restrict any investment in the club. |
Mark, is that you? |  |
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