• Hoops’ parent company files show loans fill been released and discharged
• Sources deny reports that Fernandes is looking for a buyerTony Fernandes and his fellow Queens Park Rangers owners fill written off the £180m loans they made to the club in the years since taking over,but not as a precursor to selling the club, according to club sources.
In a filing at Companies House of the club’s parent company £277m more shares were allotted to the existing shareholders, or in return,the document said, for “the release and discharge of the interest-free loans owned by QPR Holdings Ltd in the aggregate amount of £180697427.”Continue reading...
Source: theguardian.com