....

"Mr Fernandes and his other main shareholder, steel magnate Lakshmi Mittal, propped up the club?s financial position with shareholder financing of ?72.7m, while the club also arranged a short-term bank loan of ?15m."

Dunno about the rest.

Posted By: Tricky Hawes on March 6th 2014 at 12:19:03

Message Thread

QPR net debt (Other Football) - Tricky Hawes, Mar 6, 11:44:54
- QPR wage bill higher than Borussia Dortmund's. (n/m) (Other Football) - norway, Mar 6, 12:34:29
  - Yes, was just going to post that (Other Football) - yarmyyarmy, Mar 6, 12:42:34
- To whom is the debt owed? (Other Football) - yarmyyarmy, Mar 6, 12:13:09
  - David Conn reckons that Fernandes, Mittal etc have lent the club ?166 million. (n/m) (Other Football) - norway, Mar 6, 12:34:06
  - .... (Other Football) - Tricky Hawes, Mar 6, 12:19:03
    - "A short-term bank loan of ?15m" (Other Football) - Old Man, Mar 6, 12:21:15
- How is their ground expansion going? (n/m) (Other Football) - Pixelman, Mar 6, 11:49:23
- (Tony Fernandez quote in the accounts (Other Football) - Tricky Hawes, Mar 6, 11:45:57
  - I really don't think they're going up this year (Other Football) - Old Man, Mar 6, 12:22:08
    - no, the parachute payments just reduce (Other Football) - mr carra, Mar 6, 12:34:07
  - QPSchadenfreude (n/m) (Other Football) - Old Man, Mar 6, 11:47:24

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