QPR Chairman Tony Fernandes: Loan was for New QPR Stadium

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NEW QPR STADIUM UPDATE

Yesterday,  The Guardian reported on a new 15 million pound Loan taken out by QPR and there were concerns about QPR Financial losses and growing debts.

 Today a tweet from Chairman Fernandes offered a brief explanation.

Tony Fernandes ‏@tonyfernandes4h: "Loan for qpr is for new stadium. Next 2 weeks will be hopefully good news. But work is starting. We will not say anymore on stadium."


   This is really the first stadium update since the beginning of the season, when the Chairman and CEO were talking about a new stadium and something being announced within weeks. (See for example, The Guardian in July 2012)

 
At the recent QPR Fan Forum in February, QPR Chairman CEO, Philip Beard made reference to a new stadium, but made no hint that a decision was near.

"The  stadium is a bit more of a challenge. I think Chelsea and a few other clubs have been looking for years to move. What we have got is a group  of owners committed to doing it. 100 per cent. One of the things we haveto face is as great as this place is, and you only have to listen to  the comments tonight, it is just not what is required for a club that has aspirations like we have all got to stabilise our position in the  Premier League and kick on. It will take time to get right. The craziness of trying to talk about that too much in the press, even Tony  when he tweets about stuff, they will pick up on it. Trust me, land values don’t go down too much when people hear about you wanting to buy their land or house. The reality is we have got to keep ourselves movingforward but it is the medium-to-long-term goal of the club to get to a
state-of-the-art stadium for the club."

Beard also said re stadium "There are one or two opportunities that we have got where we think the political support will be 100 per cent as actually a regeneration of an area or a piece of land is something that they would like us to do. "

Beard also pledged at that Fan Forum "... ... I will make a promise with the LSA, or whoever represents the club, is that we will have a fans’ group to decide how we build and put together the configuration for a new stadium. ...Fan Forum Report