Loftus Road Stadium

Next Game

QPR v A Villa

Monday, 27 October 2014, 20:00

Barclays Prem

Loftus Road Stadium

Last Game

QPR 2 - 3 Liverpool

Sunday, 19 October 2014, 13:30

Barclays Prem

QPR loan is 'for new stadium'

QPR chairman Tony Fernandes hopes to have some news on the west London club's search for a new ground in the coming weeks.

Last Updated: 17/04/13 at 14:40 Post Comment

Tony Fernandes: Has long been keen for QPR to find a new home.

Tony Fernandes: Has long been keen for QPR to find a new home.

And Fernandes says that a widely-reported £15m loan taken by the club is connected to their stadium hunt.

The R's look doomed to relegation from the Premier League this season but it seem Fernandes is keen to press on with their plans to construct a new home.

It was reported on Tuesday that, for the first time since Fernandes became majority owner of QPR in 2011, they had borrowed a significant sum of money from a bank, in the form of a £15m loan from Barclays in Hong Kong, charged against all the club's assets.

Loan raises concerns

With the club already roughly £90m in debt, the news raised fears among QPR fans that their probable upcoming relegation will prove financially disastrous.

But Fernandes wrote on Twitter on Wednesday: "Loan for QPR is for new stadium. Next two weeks will hopefully bring good news. But work is starting. We will not say anymore on stadium."

When one of his Twitter followers said £15m for a new stadium was "not plausible", Fernandes added: "Of course it's not 15. Add a zero."

QPR's current home at Loftus Road is the smallest in the Premier League, with a capacity of just 18,439, and last summer Fernandes said the club were looking at three potential sites for a new home.

And R's chief executive Philip Beard has spoken in the past about his desire for the new stadium to be "part of a hub of a wider entertainment destination".

Related News

Most Commented

Readers' Comments

F

ergie, aren't you supposed to make a beep beep noise when backing up like that?

simonthfc
Ferguson: Club made Moyes decision

S

ome of these are quality! Why you no like him F365?? :(

left right out
The, Erm, 'Best' Of Henry James Redknapp

W

e're our own worst enemy. We're suicidal in defence, and we may just get slaughtered on Sunday. Other than that, I am very pleased with my team.

bob the manc
Van Gaal: We can catch Chelsea

Footer 365

Fabio Cannavaro under investigation over taxes

World Cup winner Fabio Cannavaro is under investigation over a suspected major tax fraud, Italian police have confirmed.

Ron Gourlay stands down as Chelsea chief executive

Chelsea have announced that chief executive Ron Gourlay is stepping down after 10 years on the club's board.

Newcastle manager Alan Pardew lifts lid on disastrous start

Newcastle manager Alan Pardew admits he has been finding life tough after a disastrous start to the season.

Mail Box

Do Man City Have A 'Small Mentality'?

That's one claim in the mailbox after Vincent Kompany focused on a few hundred CSKA fans sneaking into the ground instead of City blowing a two-goal lead...

City: Like A Deer Caught In The Headlights

...while Chelsea just live for Champions League nights. That's one view in a mailbox that also includes several happy football fans and looks forward to Michael Carrick's return...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property