QPR secure a £27m loan from Barclays...

[Stat Brother]

... against their parachute payments and next season, or the '15-'16 season, potential Premier League TV revenue!!!
Following on from a £15m loan, again with Barclays, a year ago.

Scroll down for the English version

http://www.fotballsonen.com/qpr-med-nytt-banklan/

 

[Hotchilidog]

You can smell the desperation from here. More prudent behaviour from the west London wags.

 

[Philzo-93]

That club is a train crash waiting to happen!

 

[Paul Reids Sock]

Unbelievable.

Something isn't right with that club at the moment

 

[Foul Play Rocks]

They could do with spending a few quid

 

[MattBackHome]

They are down to the bare bones though.

 

[itszamora]

I wonder if their massive losses are causing some cashflow issues.

 

[TomandJerry]

QPR

 

[Rugrat]

It's the amount of debt that a club can get into that FFP should be tackling, not just a P&L losss

 

[El Sid]

Is this just a quickie loan to pay the wages this week?

 

[Kumquat]

I think they signed Benayoun thinking he was called IOU.

 

[Vegas Seagull]

Need to sell Z back here

 

[Billy the Fish]

'arry is going to bankrupt another club isn't he!

 

[fat old seagull]

The Great QPR Bake Off...

Recipe for disaster.
1 small loan

Add another larger loan.

Add more loans until ... The cake implodes !

Followed by the FA's headless chickens making even more restrictive legislation.

 

[Stat Brother]

I'm surprised nobody is questioning the fact the loans are secured against Premier League TV rights.

How can Barclays justify that as a sound investment.

 

[Ernest]

Like throwing a drowning man a bucket of water

 

[RexCathedra]

Barclays' might as well go right on the kit -- oh, and Loftus Road farewell, hello The Barclays Stadium.

 

[Triggaaar]

I'm surprised nobody is questioning the fact the loans are secured against Premier League TV rights.

How can Barclays justify that as a sound investment.

The loan is "against their parachute payments", which are guaranteed, except if QPR are promoted, in which case the loan will be against the TV rights that would replace the parachute payments.

 

[Driver8]

It's the amount of debt that a club can get into that FFP should be tackling, not just a P&L losss

Where would that put us with our £100m+ debt?

 

[Brighton Mod]

This car crash is in ultra slow motion!!