| Tony Fernandes leaves the club 09:02 - Jul 10 with 19419 views | kingsburyR |
Now what? |  |
| Dont know why we bother. .... but we do! |
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| Tony Fernandes leaves the club on 09:04 - Jul 10 with 10091 views | Northernr |
Snap reaction is that this has been coming for some time. Every time they convert the debt to equity Ruben has been paying it, steadily increasing his shareholding and decreasing Tony's. Also heard the American investor, Reilly, has been quite influential behind the scenes this summer so maybe he's having more of a role. |  | | |
| Tony Fernandes leaves the club on 09:07 - Jul 10 with 10021 views | daveB |
He's been out of the picture for a few years now reducing his shareholding so no real shock. |  | | |
| Tony Fernandes leaves the club on 09:08 - Jul 10 with 9992 views | Hayesender |
For some reason I thought he left months ago 🤔 |  |
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| Tony Fernandes leaves the club on 09:15 - Jul 10 with 9897 views | WokingR |
Does this mean I'm actually going to have to get to grips with how to pronounce Ruben's surname ? |  | | |
| Tony Fernandes leaves the club on 09:18 - Jul 10 with 9838 views | Rangersw12 |
| Tony Fernandes leaves the club on 09:07 - Jul 10 by daveB |
He's been out of the picture for a few years now reducing his shareholding so no real shock. |
Out of the picture but still.meddled in signings and appointed Mclaren
Good riddance imo he's one step down from Chris Wright as one of the worst owners in our history |  | | |
| Tony Fernandes leaves the club on 09:27 - Jul 10 with 9715 views | BazzaInTheLoft |
Les, Fernandes, and probably Hoos out.
Lots of us getting exactly what we wanted. Sunlit uplands ahead I’m sure. [Post edited 10 Jul 2023 12:09]
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| Tony Fernandes leaves the club on 09:29 - Jul 10 with 9692 views | StevenageRanger |
I am not really up on this side of things (ownership)
It show son Wiki that Tune group which is TF's own 46%. Is that still staying and he is just stepping down.
What does it really mean?! | | | |
| Tony Fernandes leaves the club on 09:35 - Jul 10 with 9601 views | Bluce_Ree |
The oddest thing about the Tony Fernandes era was seeing dirty scutters on Twitter tweeting him with sob stories asking for money. |  |
| Stefan Moore, Stefan Moore running down the wing. Stefan Moore, Stefan Moore running down the wing. He runs like a cheetah, his crosses couldn't be sweeter. Stefan Moore. Stefan Moore. Stefan Moore. |
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| Tony Fernandes leaves the club on 09:42 - Jul 10 with 9476 views | Lblock |
Now what?
Errrrrrrrrrrrrrmmmmmm.
"Barbara......... fetch me that champagne I've been saving"
A man who threw away the best chance this club has ever had to be safe, solid and competing at the highest level with finance you could only dream of.
Not content with doing it once... he did it twice.
Cheerio Bungle. |  |
| Cherish and enjoy life.... this ain't no dress rehearsal |
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| Tony Fernandes leaves the club on 09:50 - Jul 10 with 9362 views | TK1 |
| Tony Fernandes leaves the club on 09:27 - Jul 10 by BazzaInTheLoft |
Les, Fernandes, and probably Hoos out.
Lots of us getting exactly what we wanted. Sunlit uplands ahead I’m sure. [Post edited 10 Jul 2023 12:09]
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Three different people who can all be judged separately rather than one blanket "careful what you wish for".
LF: yes, agreed, an easy scapegoat who did a huge amount of difficult club-saving work. Let's judge wisdom of his leaving when his replacement has been in place for a few seasons.
Hoos: huge improvement on predecessors such as Beard, Russell. Do other similar-sized clubs have better CEOs though? Yes, also true. Let's see who we get next if he does go.
TF: a ruinous chairman who leaves the place immeasurably worse off than when he found it, which is the only way to judge him. Pretty much the only good decisions he made were those to create buffers between himself and decision-making. He fluffed every call.
(For what its worth, a Spurs fan I know is pretty convinced Ramsey is already back there in his old role, so that would be another big change coming) | | | |
| Tony Fernandes leaves the club on 09:51 - Jul 10 with 9333 views | dmm |
So who's bought Fernandes' shares? |  | | |
| Tony Fernandes leaves the club on 09:56 - Jul 10 with 9273 views | Hastings_Hoops |
When there’s a reasonable split in shareholding decisions made are arguably more ‘vanilla’. With Tony out of the frame and I assume Ruben 90%+ majority owner we need to hope his decisions are prudent and for the long term benefit of the club… Ruben now benefits from a sizeable increase in his share of GDV on Loftus Road which could be good or could be bad. |  | | |
| Tony Fernandes leaves the club on 09:56 - Jul 10 with 9263 views | davman |
| Tony Fernandes leaves the club on 09:42 - Jul 10 by Lblock |
Now what?
Errrrrrrrrrrrrrmmmmmm.
"Barbara......... fetch me that champagne I've been saving"
A man who threw away the best chance this club has ever had to be safe, solid and competing at the highest level with finance you could only dream of.
Not content with doing it once... he did it twice.
Cheerio Bungle. |
This all day.
Seems like someone who cares, but failed to surround himself with people who knew the business in the early days. Sadly he invested in the futures of Joey Barton, SWP, Boswinga, Redknapp, Hughes and his agent mates, Julio Cesar, Diakite, Anton Ferdinand, Jay Bothroyd, DJ Campbell, Andy Johnson, Granero, Remy, MBia, etc., etc. rather than investing in QPR.
The saving grace is that he did not do a Caterham on us and stayed around pumping money in. Unfortunately yet again QPR missed the boat in his watch - buying our way up the league (which, let's face it is what Briatore did) is no longer an option, so we need to get there on footballing merit. This time, I genuinely cannot see a path back to the top flight in my lifetime. Tony and his team had that last chance and a f-in good one too it should have been and they blew it. |  |
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| Tony Fernandes leaves the club on 09:59 - Jul 10 with 9227 views | bosh67 |
I wonder if the club is positioning itself to be sold on? |  |
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| Tony Fernandes leaves the club on 10:05 - Jul 10 with 9156 views | GroveR |
| Tony Fernandes leaves the club on 09:59 - Jul 10 by bosh67 |
I wonder if the club is positioning itself to be sold on? |
I love Rangers with the blindness sometimes more like parenthood but financially that's an awful lot of lipstick to get on a pig. |  | | |
| Tony Fernandes leaves the club on 10:06 - Jul 10 with 9130 views | daveB |
So many sliding doors moments in those early days where the mad spending could have worked. Other clubs made similar mad spending sprees but stayed up and were able to rebuild. He was stupid and a bit unlucky as well.
Main positive has been he hasn't pulled plug on us which I feared he would after the 2nd relegation | | | |
| Tony Fernandes leaves the club on 10:08 - Jul 10 with 9118 views | BostonR |
It’s all on Ruben unless another serious investor is waiting. He is now essentially fully-funding the £1.5M loss per month from his own pocket and I guess he’s been doing that for sometime.
On the upside he has not waivered from that commitment and we can only hope he is sticking around. On the downside, if he feels he’s done enough and walks away without selling (which I think is very unlikely) we are shafted.
He must have other interested parties. Despite our current woes we remain an attractive proposition being based in London. |  | | |
| Tony Fernandes leaves the club on 10:13 - Jul 10 with 9020 views | 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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| Tony Fernandes leaves the club on 10:18 - Jul 10 with 8931 views | cheesy |
| Tony Fernandes leaves the club on 09:04 - Jul 10 by Northernr |
Snap reaction is that this has been coming for some time. Every time they convert the debt to equity Ruben has been paying it, steadily increasing his shareholding and decreasing Tony's. Also heard the American investor, Reilly, has been quite influential behind the scenes this summer so maybe he's having more of a role. |
Is Reilly based in the UK or in the states? |  | | |
| Tony Fernandes leaves the club on 10:23 - Jul 10 with 8863 views | daveB |
| 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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Mittal hasn't been involved in QPR for years, he's a minority shareholder now | | | |
| Tony Fernandes leaves the club on 10:26 - Jul 10 with 8817 views | Northernr |
| Tony Fernandes leaves the club on 10:18 - Jul 10 by cheesy |
Is Reilly based in the UK or in the states? |
US I think, but was at the training ground opening last week. | | | |
| Tony Fernandes leaves the club on 10:28 - Jul 10 with 8801 views | loftboy |
His intentions were good, his execution and business plan was shocking.
Too much trying to appease the vocal minority on Twitter. |  |
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| Tony Fernandes leaves the club on 10:31 - Jul 10 with 8732 views | sparkey |
Could have ditched us years ago leaving us in the doodoo.
He messed up but stayed around and paid the consequences... decent man who was just naive. | | | |
| Tony Fernandes leaves the club on 10:38 - Jul 10 with 8640 views | dannyblue |
'Bought' lol!
Who let Tony off the hook and took over his share of the commitment to running costs, FFP fine etc.? |  | | |
| Tony Fernandes leaves the club on 10:55 - Jul 10 with 8440 views | Wegerles_Stairs |
| Tony Fernandes leaves the club on 09:27 - Jul 10 by BazzaInTheLoft |
Les, Fernandes, and probably Hoos out.
Lots of us getting exactly what we wanted. Sunlit uplands ahead I’m sure. [Post edited 10 Jul 2023 12:09]
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Yes, because it's been all milk and honey up to now, hasn't it? | | | |
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