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Comment | Briatore and Ecclestone bite back — Taarabt stays, Warnock rebuked
at 16:50:34
Agree with all the sentiment. Still none the wiser whether the shareholders will keep our £10m loan in place which gives them the best part of £1m in interest each year before paying any of it off loan presumably secured against the ground.
With the "hard part" done and promotion gained, we should not be worrying about spending a little cash and wondering if Loftus Road is actually in the right hands. Hopefully whoever buys of our current "majority shareholders" (now evidently Siamese twins?) would not do what Goldberg did at Palace and not have full ownership of all the assets.
Anyone able to shed light on the lucrative loan we are paying to (greedy?) shareholders? |
| News
Comment | Saturday Diary — Taarabt stays
at 09:41:38
For me, a lot boils down to trust when talking about the Board. We've had some shocking Chairmen since Jim yet Chris Wright got the most stick despite losing most personally and being mainly guilty of backing poor managers and players.
This release seems a clumsy way of saying the gang of Ecc & Bri are here to stay and they are going to do what they like. Of course what they have planned is the question but most assume it is financially led.
Can anyone clarify how much these guys have put in and where we stand re Loftus Road? As I understand it the shareholders just replaced the ABC loan with one to themselves at an annual rate of 8% - a very high return. Surely we could just pay that off with the TV money and give ourselves £800k extra a year revenue?! |
| | roeder
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