Post by QPR Report on Aug 18, 2009 8:06:44 GMT
From the Official Site, September 2002:
The following answers on the subject of 'We are QPR' are from Matthew Winton & Maurice Fitzgerald.
Please Note: The Prospectus referred to below relating to investment in We Are QPR plc (WAQ) is to be issued within the next month. This will contain all required information in a detailed format meeting all Financial Services and Legal requirements and has been produced in direct consultation with our Chartered Accountants and Solicitors. The answers to the questions below are general in nature and please note investment in We Are QPR plc should be made following consideration of the full Prospectus.
Q: How do you intend to promote"We are QPR"? Will you have a team of sales guys who would canvass People with a connection to Rangers to gain funds? - Joe Brady
A: It is our intention to keep the costs of WAQ to an absolute minimum and potential investors will be directly targeted including supporters, season ticket holders and members as well as directly promoting the scheme through all supporter groups.
Q: It sounds a good idea, however don't you think that you are asking a lot of fans to dip in their pockets once again? Most fans have already paid for their season ticket, merchandise and will pay out on match days. Fans will need to know what they are getting for their money and if they can expect any returns on their investment? - Martin Jenner
A: As with all clubs the financial reality of football has changed dramatically. Investment in QPR will be transparent and through the Board and Advisory Panel, not only will shareholders have knowledge of investment of monies, but also have a meaningful say in such investment. It is hoped that a return on the investment will be realised.
Q: 1. How much are you initially expecting to raise? 2. Who will have ultimate control over the finances? 3. Could the funds be used to start other projects that could become revenue earners for We Are QPR?, or would all money be used exclusively for players? 4. Would people buy shares in the business and what is the minimum and maximum and one individual or company could put in? 5. This scheme could be used as a possible money making scheme, are there any plans in place to try to ensure that only fans who want the club to move forward are able to pit in? Lots of questions, sorry! - Chad Coombes
A: 1. We are expecting to raise £1.0m. 2. Shareholders, the Board and a small annually elected Advisory Panel comprising shareholders, supporters and members from QPR supporters group. 3. External streams of revenue are proposed such as marketing, merchandise, sponsorship etc. Monies will then be channelled towards player investment as well as matters such as a long term aim of upgrading the Club's training and youth facilities, particularly for the youth to regain Academy status. 4. Substantial interest has already been expressed from supporters seeking to invest. The minimum investment is £250 although many supporters have pledged larger sums. The maximum subscription will be depended upon the number of supporters subscribing. However, it is intended for no shareholder to hold more than 10% although this will be dependent upon numbers subscribing. 5. We intend to target and accept subscription from QPR season ticket holders, members, supporters and supporters groups. It is also an open share offer. (see response re: elected Advisory Panel).
Q: There was an earlier quote that shareholders in loftus rd plc would be offered free shares in we are QPR plc. Is there any truth in this? Having apparently lost all our investment in Loftus Road plc how can you convince us that this is a better investment or should we consider any money put in as a donation? - Roger Price
A: Consideration was given to a trade in Loftus Road plc shares for WAQ shares. However, this proved problematical in the valuation of Loftus Road plc shares so the idea has been temporarily shelved. This may be considered at a future date should shareholders and the Advisory panel decide to pursue this option. WAQ is totally different to the Loftus Road flotation. It is aimed at benefiting QPR FC and all investment should be viewed in QPR's future. Ian Holloway's experience in the transfer market will place WAQ in a favourable position offering potential for a return in the future.
Q: If the sole objective of We Are QPR is the commendable mission of financing players transfer/salary fees, then why the need for a plc? I am one of a number of supporters who would contribute to a "blanket collection" for such purposes but are reluctant to do so if such donations become, in effect, shares in an organisation which has yet openly published it's total agenda/objectives . And if there ARE no hidden attachments to such an agenda then WHY yet another plc? - Vic Gibbons.
A: You will see from the first note above regarding the prospectus that full and substantial details fully compliant with Financial Services and Legal requirements are contained within the document. Any investment in WAQ should be based upon this information. Individual investment can then be based upon sound and detailed facts. A plc company (not quoted) has been utilised to ensure correct corporate governance meeting all Financial Services and Legal Requirements relating to investment. Persons subscribing require a formally and professionally constituted company correctly established to deal with their investment. Should you wish to receive a copy of the Prospectus all issues relating to the share offer are contained therein.
To register for a copy of the Prospectus please contact the following:- We Are QPR plc 280 Uxbridge Road Shepherds Bush London. W12 7JA
email: Weareqprplc@aol.com
Fax: 020 8749 2535
The following answers on the subject of 'We are QPR' are from Matthew Winton & Maurice Fitzgerald.
Please Note: The Prospectus referred to below relating to investment in We Are QPR plc (WAQ) is to be issued within the next month. This will contain all required information in a detailed format meeting all Financial Services and Legal requirements and has been produced in direct consultation with our Chartered Accountants and Solicitors. The answers to the questions below are general in nature and please note investment in We Are QPR plc should be made following consideration of the full Prospectus.
Q: How do you intend to promote"We are QPR"? Will you have a team of sales guys who would canvass People with a connection to Rangers to gain funds? - Joe Brady
A: It is our intention to keep the costs of WAQ to an absolute minimum and potential investors will be directly targeted including supporters, season ticket holders and members as well as directly promoting the scheme through all supporter groups.
Q: It sounds a good idea, however don't you think that you are asking a lot of fans to dip in their pockets once again? Most fans have already paid for their season ticket, merchandise and will pay out on match days. Fans will need to know what they are getting for their money and if they can expect any returns on their investment? - Martin Jenner
A: As with all clubs the financial reality of football has changed dramatically. Investment in QPR will be transparent and through the Board and Advisory Panel, not only will shareholders have knowledge of investment of monies, but also have a meaningful say in such investment. It is hoped that a return on the investment will be realised.
Q: 1. How much are you initially expecting to raise? 2. Who will have ultimate control over the finances? 3. Could the funds be used to start other projects that could become revenue earners for We Are QPR?, or would all money be used exclusively for players? 4. Would people buy shares in the business and what is the minimum and maximum and one individual or company could put in? 5. This scheme could be used as a possible money making scheme, are there any plans in place to try to ensure that only fans who want the club to move forward are able to pit in? Lots of questions, sorry! - Chad Coombes
A: 1. We are expecting to raise £1.0m. 2. Shareholders, the Board and a small annually elected Advisory Panel comprising shareholders, supporters and members from QPR supporters group. 3. External streams of revenue are proposed such as marketing, merchandise, sponsorship etc. Monies will then be channelled towards player investment as well as matters such as a long term aim of upgrading the Club's training and youth facilities, particularly for the youth to regain Academy status. 4. Substantial interest has already been expressed from supporters seeking to invest. The minimum investment is £250 although many supporters have pledged larger sums. The maximum subscription will be depended upon the number of supporters subscribing. However, it is intended for no shareholder to hold more than 10% although this will be dependent upon numbers subscribing. 5. We intend to target and accept subscription from QPR season ticket holders, members, supporters and supporters groups. It is also an open share offer. (see response re: elected Advisory Panel).
Q: There was an earlier quote that shareholders in loftus rd plc would be offered free shares in we are QPR plc. Is there any truth in this? Having apparently lost all our investment in Loftus Road plc how can you convince us that this is a better investment or should we consider any money put in as a donation? - Roger Price
A: Consideration was given to a trade in Loftus Road plc shares for WAQ shares. However, this proved problematical in the valuation of Loftus Road plc shares so the idea has been temporarily shelved. This may be considered at a future date should shareholders and the Advisory panel decide to pursue this option. WAQ is totally different to the Loftus Road flotation. It is aimed at benefiting QPR FC and all investment should be viewed in QPR's future. Ian Holloway's experience in the transfer market will place WAQ in a favourable position offering potential for a return in the future.
Q: If the sole objective of We Are QPR is the commendable mission of financing players transfer/salary fees, then why the need for a plc? I am one of a number of supporters who would contribute to a "blanket collection" for such purposes but are reluctant to do so if such donations become, in effect, shares in an organisation which has yet openly published it's total agenda/objectives . And if there ARE no hidden attachments to such an agenda then WHY yet another plc? - Vic Gibbons.
A: You will see from the first note above regarding the prospectus that full and substantial details fully compliant with Financial Services and Legal requirements are contained within the document. Any investment in WAQ should be based upon this information. Individual investment can then be based upon sound and detailed facts. A plc company (not quoted) has been utilised to ensure correct corporate governance meeting all Financial Services and Legal Requirements relating to investment. Persons subscribing require a formally and professionally constituted company correctly established to deal with their investment. Should you wish to receive a copy of the Prospectus all issues relating to the share offer are contained therein.
To register for a copy of the Prospectus please contact the following:- We Are QPR plc 280 Uxbridge Road Shepherds Bush London. W12 7JA
email: Weareqprplc@aol.com
Fax: 020 8749 2535
