The Trust has once again been in contact with David Davies in order to try to fix up dates for a meeting between our Committee and the QPR board. As soon any dates are agreed, we will report them here.
In the meantime, the Committee has outlined some of the questions that we and our members would like to put to the board, in order to give them the opportunity to answer some of these in advance of any meeting.
The questions we have forwarded to Mr Davies so far are detailed below. Please contact the Committee at info@qpr1st.co.uk with any suggestions for additional points to be raised.
Club Finances
a) Is the club currently solvent?
b) Have all creditors been paid up to date including interest and tax payments on the loan from ABC Corporation, PAYE and VAT ?
c) Have financial projections been prepared and agreed for the current year?
d) If so, on what basis are they drawn up? Please comment on:
(i) forecast cup runs
(ii) forecast gate receipts and attendance figures
(iii) forecast players wages
(iv) forecast non-players salaries
(v) other overheads
e) If the projections forecast a loss, how is this to be funded?
f) If wages, salaries and overheads are to be cut, what proposals are there to achieve this?
g) With regard to the ABC Corporation loan, what terms are built in to the contract to allow for early redemption?
h) What measures have been put in place to safeguard the ground in the event of default in interest or capital payments?
Company update
a) On advice, we recently asked for a copy of the Company’s Articles of Association to be sent to us. Any news on this?
b) Directors update. What is the current status of all directors? i.e. which directors are on which board? Please list each individual director’s shareholding in QPR Holdings.
‘Confidentiality’
Why has one of the fans’ regarding the leaked board minutes been pursued in such a voracious manner? As regards the source of the leak from within the club, has this person been found and dealt with in a similar fashion? If not, what action has been taken against the individual?