| Warren Farm on 11:17 - Mar 27 with 2436 views | isawqpratwcity |
| Warren Farm on 11:05 - Mar 27 by Benny_the_Ball |
I'm genuinely struggling to see how this wouldn't affect the value of the company. Typically such a debt restructuring will normally be undertaken by a company in financial difficulty and which therefore will, by definition, be worth little. |
Dead right, the company is worth little, really, SFA, mainly because it's a middling Championship club with a potentially gigantic FFP fine doing the Corner Flag of Damocles over it.
What would the owners realistically do: attach the debt to the club with a caveat? It would be hard enough to find a buyer for the club now at any price, what do you think the chances would be if we had to open the bidding with offers over 250 million? |  |
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| Warren Farm on 11:38 - Mar 27 with 2357 views | BklynRanger |
| Warren Farm on 15:23 - Mar 26 by kensalriser |
Has it ever been stated who's going to own the lease on the training ground? |
Wrong crest on the mock up I see - I'm no barrister but that's most likely the final nail in our coffin - whole thing's going to have to come down. May as well sell it at a loss to Save Warren Farm's charity of choice, Griffin Park Angry Old Gits Home. Cheers Flav. |  | | |
| Warren Farm on 12:44 - Mar 27 with 2248 views | BostonR |
| Warren Farm on 10:40 - Mar 27 by GloryHunter |
Don't be surprised if the site is found to be crawling with Great Crested Newts. |
Part of the proposal will include a habitat plan, so that should stop any of that nonsence and provide some comfort to the wildlife brigade. |  | | |
| Warren Farm on 15:09 - Mar 27 with 2090 views | Benny_the_Ball |
| Warren Farm on 11:08 - Mar 27 by Northernr |
Well it means we're not £300m in debt. |
Touche!
But beyond cooking the books, what are the long term implications? It occurs to me that many QPR fans are so enamored with the thought of the club being (relatively) debt free that they haven't properly considered the ramifications.
Also, if the accounts suggest otherwise why is it that QPR are repeatedly reported in the media as being in serious debt? |  | | |
| Warren Farm on 15:10 - Mar 27 with 2089 views | Mick_S |
| Warren Farm on 12:44 - Mar 27 by BostonR |
Part of the proposal will include a habitat plan, so that should stop any of that nonsence and provide some comfort to the wildlife brigade. |
There may be a problem with your cunning plan. Newts can be right moody sods. They have to find their own accomodation - put them there yourself and they won't settle. We need newt confusion tactics. |  |
| Did I ever mention that I was in Minder? |
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| Warren Farm on 15:17 - Mar 27 with 2071 views | Benny_the_Ball |
| Warren Farm on 11:17 - Mar 27 by isawqpratwcity |
Dead right, the company is worth little, really, SFA, mainly because it's a middling Championship club with a potentially gigantic FFP fine doing the Corner Flag of Damocles over it.
What would the owners realistically do: attach the debt to the club with a caveat? It would be hard enough to find a buyer for the club now at any price, what do you think the chances would be if we had to open the bidding with offers over 250 million? |
In those circumstances I imagine the club would be sold for a negligible sum on the condition that the buyer inherits the debt.
If our owners have transferred the debt to equity then it appears we're stuck with Tony et al for the foreseeable future. It's in their interests to make Warren Farm (and indeed the new stadium happen) if they are to stand any chance of recouping their money in future. | | | |
| Warren Farm on 15:27 - Mar 27 with 2040 views | 1JD |
| Warren Farm on 15:09 - Mar 27 by Benny_the_Ball |
Touche!
But beyond cooking the books, what are the long term implications? It occurs to me that many QPR fans are so enamored with the thought of the club being (relatively) debt free that they haven't properly considered the ramifications.
Also, if the accounts suggest otherwise why is it that QPR are repeatedly reported in the media as being in serious debt? |
...and what are the “long-term ramifications” that people like myself have not considered?
As to your last question, the media are not fact, and more so, made up very much of opinion.
It might also be wise to consider the definition of “cooking the books”:
Cook the books is an idiom describing fraudulent activities performed by corporations in order to falsify their financial statements. Typically, cooking the books involves augmenting financial data to yield previously nonexistent earnings (source: investopedia) |  | | |
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| Warren Farm on 15:36 - Mar 27 with 2010 views | kensalriser |
Isn't most of the debt held by the major shareholders?
If so, then if the club changes hands the deal won't include the debt, the slate will be wiped as at that point the debt will be swapped for equity. The inherent value of the club, ie what a buyer is prepared to pay for it, is the same regardless of the debt to the owners. |  |
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| Warren Farm on 15:46 - Mar 27 with 1983 views | Northernr |
| Warren Farm on 15:09 - Mar 27 by Benny_the_Ball |
Touche!
But beyond cooking the books, what are the long term implications? It occurs to me that many QPR fans are so enamored with the thought of the club being (relatively) debt free that they haven't properly considered the ramifications.
Also, if the accounts suggest otherwise why is it that QPR are repeatedly reported in the media as being in serious debt? |
I'm not sure what you mean in the first instance, but on the media thing it's lazy, poor, shoddy, clickbait 'journalism'. It's there in black and white in the accounts. |  | | |
| Warren Farm on 15:49 - Mar 27 with 1978 views | blacky200 |
| Warren Farm on 15:10 - Mar 27 by Mick_S |
There may be a problem with your cunning plan. Newts can be right moody sods. They have to find their own accomodation - put them there yourself and they won't settle. We need newt confusion tactics. |
No we don't. No self respecting newt would live in that rat hole voluntarily. |  | | |
| Warren Farm on 16:11 - Mar 27 with 1929 views | hopphoops |
| Warren Farm on 15:10 - Mar 27 by Mick_S |
There may be a problem with your cunning plan. Newts can be right moody sods. They have to find their own accomodation - put them there yourself and they won't settle. We need newt confusion tactics. |
I used to have a newt called Tiny. He was my newt.
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| Warren Farm on 16:15 - Mar 27 with 1910 views | Mick_S |
| Warren Farm on 16:11 - Mar 27 by hopphoops |
I used to have a newt called Tiny. He was my newt.
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That's a lovely story mate. | |
| Did I ever mention that I was in Minder? |
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| Warren Farm on 21:13 - Mar 27 with 1673 views | Benny_the_Ball |
| Warren Farm on 15:46 - Mar 27 by Northernr |
I'm not sure what you mean in the first instance, but on the media thing it's lazy, poor, shoddy, clickbait 'journalism'. It's there in black and white in the accounts. |
UEFA listed QPR as the fifth most debt ridden club. Was that clickbait journalism?
You can bury your head in the sand all you like but IMHO the accounts were massaged and will eventually come home to roost. | | | |
| Warren Farm on 21:14 - Mar 27 with 1672 views | Benny_the_Ball |
| Warren Farm on 15:27 - Mar 27 by 1JD |
...and what are the “long-term ramifications” that people like myself have not considered?
As to your last question, the media are not fact, and more so, made up very much of opinion.
It might also be wise to consider the definition of “cooking the books”:
Cook the books is an idiom describing fraudulent activities performed by corporations in order to falsify their financial statements. Typically, cooking the books involves augmenting financial data to yield previously nonexistent earnings (source: investopedia) |
If you don't know the answer then you clearly haven't considered the question. | | | |
| Warren Farm on 21:36 - Mar 27 with 1641 views | danehoop |
| Warren Farm on 21:13 - Mar 27 by Benny_the_Ball |
UEFA listed QPR as the fifth most debt ridden club. Was that clickbait journalism?
You can bury your head in the sand all you like but IMHO the accounts were massaged and will eventually come home to roost. |
No, that was out of date information. The debt was converted to equity. That was fact, not opinion and was evidenced in the accounts.
Your opinion was that was “cooking the books.” You were then given the definition of that expression, which was clearly incorrect when applied in this situation, where no fraudulent transacti9n or activity has occurred.
Clearly some posters will only believe what they want to believe irrespective of their arguments beings shown to be nonsense. |  |
| Never knowingly understood |
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| Warren Farm on 22:29 - Mar 27 with 1562 views | Lblock |
Penny's dropped -- apologies I am a mug.
Tomorrow I'm going to start up a business, maybe even buy one, something that gets me in the meejah and gets me all noticed and that. I'll saddle it with loads of debt and then convert that to share equity so everything will be alright.
It's no problem as I have limitless money and I'll be interested in this business till the day I die (we'll not talk about succession planning here....)
Oh hang on, I've just discovered I actually do have a limit on my spending and to be honest that business is becoming a bit of a pig in a poke.
I know what I'll do.
I'm going to call it "CATERHAM" and....... the rest children.... is a story for another day.
Night night.
Sleep tight.
26 days... |  |
| Cherish and enjoy life.... this ain't no dress rehearsal |
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| Warren Farm on 23:23 - Mar 27 with 1484 views | davman |
On a related note...
Presumably spending money on Infrastructure such as the training ground doesn't count in any FFP calculation? |  |
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| Warren Farm on 23:43 - Mar 27 with 1459 views | CiderwithRsie |
| Warren Farm on 08:36 - Mar 27 by Lblock |
Sorry.... I don't carry such figures around with me but were we in £200mill or £300mill of debt at the last reckoning?
Don't give me all this guff about £squillions being written off by dear old Bungle, you'd have to be very gullible to believe that.
As for my "ongoing negativity" at our beloved leader I believe it's called accountability and it's what happens when you're at the top. He's yet to deliver anything that deserves much praise from me - WF would (will?) be a huge step towards that and if he cut's the ribbon on that in two years I'll treat him to a full on lunch in The Savoy Grill myself.
23 and a bit days and counting...... |
Careful.
Last time you said something like that you ended up having to join Momentum or something.
I dread to think what sort of a bill Uncle Tony could run up at the Savoy Grill, he looks like he can put it away... | | | |
| Warren Farm on 23:50 - Mar 27 with 1445 views | BrianMcCarthy |
Everytime I hear the words "Warren Farm" I think of tubby thespian, Warren Clarke.
Do I win a prize? |  |
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| Warren Farm on 01:08 - Mar 28 with 1391 views | isawqpratwcity |
| Warren Farm on 15:17 - Mar 27 by Benny_the_Ball |
In those circumstances I imagine the club would be sold for a negligible sum on the condition that the buyer inherits the debt.
If our owners have transferred the debt to equity then it appears we're stuck with Tony et al for the foreseeable future. It's in their interests to make Warren Farm (and indeed the new stadium happen) if they are to stand any chance of recouping their money in future. |
But they haven't transferred the debt to equity, they have converted it into shares. The only way that debt still exists in any form whatsoever is in the changes to the percentage ownership by the various parties. It has become a 'meta-debt'. The only circumstance in which the debt could be actually recovered is if the club were to prosper to the extent that it not only restored its value as a newly promoted Premier club, but one of such auspicious prospects and generated assets that someone is prepared to pay £300m+ for the club. Only then could they sell the club and divvy up to reimburse everything everybody paid.
Get realistic, life doesn't work like that. The debt is gone. We are a middling Championship club with a potential massive FFP fine, and we are worth what a middling Championship club with a potential massive FFP fine is worth, ie, sod all. What are you imagining will happen? Some-one will buy the place for £1 on condition that he repays a quarter billion? Dream on. That is why the debt was converted to shares. It's the best deal they are going to get. | |
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| Warren Farm on 02:22 - Mar 28 with 1360 views | 1JD |
| Warren Farm on 21:14 - Mar 27 by Benny_the_Ball |
If you don't know the answer then you clearly haven't considered the question. |
To all the fans who have not considered the ramifications (because we are so dumb), please do explain yourself Benny?
Not all of us are as intelligent as you. | | | |
| Warren Farm on 02:26 - Mar 28 with 1359 views | 1JD |
| Warren Farm on 22:29 - Mar 27 by Lblock |
Penny's dropped -- apologies I am a mug.
Tomorrow I'm going to start up a business, maybe even buy one, something that gets me in the meejah and gets me all noticed and that. I'll saddle it with loads of debt and then convert that to share equity so everything will be alright.
It's no problem as I have limitless money and I'll be interested in this business till the day I die (we'll not talk about succession planning here....)
Oh hang on, I've just discovered I actually do have a limit on my spending and to be honest that business is becoming a bit of a pig in a poke.
I know what I'll do.
I'm going to call it "CATERHAM" and....... the rest children.... is a story for another day.
Night night.
Sleep tight.
26 days... |
There is a problem. You can’t start up a business because you need to be smart. Which also means learning from your mistakes, continuously. Have a read of Richard Branson’s biography to get a better perspective on business. | | | |
| Warren Farm on 07:41 - Mar 28 with 1262 views | distortR |
| Warren Farm on 02:26 - Mar 28 by 1JD |
There is a problem. You can’t start up a business because you need to be smart. Which also means learning from your mistakes, continuously. Have a read of Richard Branson’s biography to get a better perspective on business. |
well, that's bollox for a start.
I used to have my own business...................... | | | |
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