| QPR Finances released 06:25 - Feb 28 with 51540 views | Jeff |
From Kieran Maguire in the Twitter:
[Post edited 28 Feb 2023 6:29]
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| QPR Finances released on 06:42 - Feb 28 with 12601 views | Hunterhoop |
And therein shows the reality of how much Warburton was backed by in his final year. No major sale and signings on big salaries. The year before the year we accounted for some/most of the Eze sale. Last season we lost that sake money and 3m more extra to 2021.
A 24m loss a season is not sustainable in FFP. Can anyone remember what we lost in the season ending 2020? 2021 and 2022 together is 28.8m, so hope it was less than 10m. If it wasn’t we’ve breached slightly. If it was, we somehow need to only lose 10m this season. Given we’ve not sold anyone, no idea how we achieve that. We won’t.
Hopefully SimonD can explain how some of these losses are excluded from FFP calcs. Otherwise we look like we’re about to breach FFP either now (slightly) or in one year’s time. And we’re going to be miles over come the end of next season (as the 4m loss season drops out of the rolling period). So come Feb/March 2025 when we announce 2024 season we will get a points deduction. Unless we have a fire sale this summer and play children in 2023/24 season which will get us relegated anyway.
I’m not sure there is a way out of avoiding a points deduction. A 24m loss in one season is just unmanageable in FFP. Shouldn’t have given the manager what he wanted unless it got us up. Gambled and lost. |  | | |
| QPR Finances released on 07:28 - Feb 28 with 12443 views | BklynRanger |
Well, we gave him around 3 million - that probably wasn't everything he wanted.
More than we could afford in our circumstances granted, but this is about our finances more than Warburton, and those circumstances are terminally fcuked at this moment. |  | | |
| QPR Finances released on 07:29 - Feb 28 with 12427 views | Northernr |
So it is a “myth” we lose £1.8m a month. It’s actually now £2m. |  | | |
| QPR Finances released on 07:36 - Feb 28 with 12357 views | NottsQPR |
| QPR Finances released on 06:42 - Feb 28 by Hunterhoop |
And therein shows the reality of how much Warburton was backed by in his final year. No major sale and signings on big salaries. The year before the year we accounted for some/most of the Eze sale. Last season we lost that sake money and 3m more extra to 2021.
A 24m loss a season is not sustainable in FFP. Can anyone remember what we lost in the season ending 2020? 2021 and 2022 together is 28.8m, so hope it was less than 10m. If it wasn’t we’ve breached slightly. If it was, we somehow need to only lose 10m this season. Given we’ve not sold anyone, no idea how we achieve that. We won’t.
Hopefully SimonD can explain how some of these losses are excluded from FFP calcs. Otherwise we look like we’re about to breach FFP either now (slightly) or in one year’s time. And we’re going to be miles over come the end of next season (as the 4m loss season drops out of the rolling period). So come Feb/March 2025 when we announce 2024 season we will get a points deduction. Unless we have a fire sale this summer and play children in 2023/24 season which will get us relegated anyway.
I’m not sure there is a way out of avoiding a points deduction. A 24m loss in one season is just unmanageable in FFP. Shouldn’t have given the manager what he wanted unless it got us up. Gambled and lost. |
I’m guessing the £8.5m spent on the new training ground does not go into the FFP calculation or is that already taken out of the losses? |  | | |
| QPR Finances released on 07:40 - Feb 28 with 12306 views | Nushnool |
Looking at the twitter thread, seems that the owners have been spunking money on a newt raining ground. No wonder we’re in trouble. |  | | |
| QPR Finances released on 07:42 - Feb 28 with 12284 views | EastR |
| QPR Finances released on 07:36 - Feb 28 by NottsQPR |
I’m guessing the £8.5m spent on the new training ground does not go into the FFP calculation or is that already taken out of the losses? |
The loss £24m is an 'Operating Loss' - day to day cost of running the club
The training ground expenditure is outside of that | |
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| QPR Finances released on 07:42 - Feb 28 with 12286 views | ozranger |
| QPR Finances released on 07:29 - Feb 28 by Northernr |
So it is a “myth” we lose £1.8m a month. It’s actually now £2m. |
Speaking of myths, is not the £39m a myth currently? Were not clubs given some leeway with regard to extra losses during the Covid lockdown? That is, was not the figure somewhat higher than £39m surrounding the 19/20 and 20/21 seasons which are encapsulated within the current three year cycles? |  | | |
| QPR Finances released on 07:47 - Feb 28 with 12220 views | Gloucs_R |
Heads need to role
Set up need to be streamlined
New stadium required
Transfer policy needs scraping and rewriting
Almost certainly going to be a fire sale in the summer selling off our playing assets for whatever we can get for them.
League 1 written all over us. Hello Charlton, have you missed us? [Post edited 28 Feb 2023 8:03]
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| QPR Finances released on 07:47 - Feb 28 with 12227 views | davman |
| QPR Finances released on 07:40 - Feb 28 by Nushnool |
Looking at the twitter thread, seems that the owners have been spunking money on a newt raining ground. No wonder we’re in trouble. |
Goes with the skylarks at Warren Farm.
1. What is the headline v P&S rules?
2. This is the reason to scream Hoos out. He had one objective whatever "pressure" he got from wherever it came from (owners, DOF, Manager).
3. They need to get creative. But a lowly club somewhere abroad that does not have the same rules as the European game, invest and buy Nico, Gubbins and Archer for a combined £20m, but call it "undisclosed". Forest and Watford do it, why not us?
4. We worry about how this season will end. Next season is already looking terrifying whatever league we find ourselves in. |  |
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| QPR Finances released on 07:49 - Feb 28 with 12207 views | PlanetHonneywood |
Another 'good news day' looms.
Thought yesterday was summed up in the 'Corner Flag' thread by the Rfosi who, upon ordering a cheeseburger, was served it stone cold by a yoot stumped by the need to heat it up a bit.
This thread will likely be a ten-pager of outright misery.
The reason the owners are ponying-up £2m per month is because they made a total kibosh of it from the start, and those overseeing the development plan haven't developed sod all.
When the fcuk will the suits learn to say 'no' to a manager when we haven't got the money to do something? |  |
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| QPR Finances released on 08:00 - Feb 28 with 12118 views | Rangersw12 |
| QPR Finances released on 07:29 - Feb 28 by Northernr |
So it is a “myth” we lose £1.8m a month. It’s actually now £2m. |
Surely another nail in Hoos coffin | | | |
| QPR Finances released on 08:03 - Feb 28 with 12095 views | dmm |
This looks terrible. Gnanalingam and Bhatia must have known about this when they did their interview just a few days ago but they chose not to address it in any way. Surely the club needs to make a statement? |  | | |
| QPR Finances released on 08:03 - Feb 28 with 12095 views | DejR_vu |
A third of a billion, to go from a Prem club to where we are now. And that’s losses, not expenditure. We must have spent close to half a billion.
The owners are at least sticking around, so deserve massive credit for that, but they did create this sh1t show. I don’t know whether to be grateful or angry. They’ve destroyed the club to the point where we are entirely reliant on them for survival.
At least we’re punching above our weight on the pitch  | |
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| QPR Finances released on 08:07 - Feb 28 with 12072 views | JamesB1979 |
1.9m on senior management….
17m from shareholders to keep us going
7m from the bond
136 players and coaches…… | | | |
| QPR Finances released on 08:07 - Feb 28 with 12069 views | QPROslo |
| QPR Finances released on 07:42 - Feb 28 by ozranger |
Speaking of myths, is not the £39m a myth currently? Were not clubs given some leeway with regard to extra losses during the Covid lockdown? That is, was not the figure somewhat higher than £39m surrounding the 19/20 and 20/21 seasons which are encapsulated within the current three year cycles? |
Sorry down voted by mistake. I have an idea 2 Covid season losses are rolled into one for FFP and expect those operating losses would include training ground costs that are outside the FFP calculation. But others on here will know a lot more than me about this. | | | |
| QPR Finances released on 08:11 - Feb 28 with 12033 views | EastR |
The prior years losses after player sales were:
2020 - £16.3m
2021 £4.1m
2022 - £24.6m
Cumulative £45m | |
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| QPR Finances released on 08:13 - Feb 28 with 12007 views | DejR_vu |
| QPR Finances released on 06:42 - Feb 28 by Hunterhoop |
And therein shows the reality of how much Warburton was backed by in his final year. No major sale and signings on big salaries. The year before the year we accounted for some/most of the Eze sale. Last season we lost that sake money and 3m more extra to 2021.
A 24m loss a season is not sustainable in FFP. Can anyone remember what we lost in the season ending 2020? 2021 and 2022 together is 28.8m, so hope it was less than 10m. If it wasn’t we’ve breached slightly. If it was, we somehow need to only lose 10m this season. Given we’ve not sold anyone, no idea how we achieve that. We won’t.
Hopefully SimonD can explain how some of these losses are excluded from FFP calcs. Otherwise we look like we’re about to breach FFP either now (slightly) or in one year’s time. And we’re going to be miles over come the end of next season (as the 4m loss season drops out of the rolling period). So come Feb/March 2025 when we announce 2024 season we will get a points deduction. Unless we have a fire sale this summer and play children in 2023/24 season which will get us relegated anyway.
I’m not sure there is a way out of avoiding a points deduction. A 24m loss in one season is just unmanageable in FFP. Shouldn’t have given the manager what he wanted unless it got us up. Gambled and lost. |
Surely the bigger picture here is the lack of revenue. We’re a football club. We partake in a competition every year. We can’t just hope to survive every year. If we look good for a promotion push, surely you have to back it, to a point. We didn’t give Warburton a £50m war chest.
The problem is we‘ve got decent money for one player in 10 f@cking years. If we were even mildly competent in that area we wouldn’t be in this bloody mess. | |
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| QPR Finances released on 08:14 - Feb 28 with 12002 views | Northernr |
| QPR Finances released on 08:11 - Feb 28 by EastR |
The prior years losses after player sales were:
2020 - £16.3m
2021 £4.1m
2022 - £24.6m
Cumulative £45m |
So you can see where the problem is going to occur. That Eze sale year will move up another rung in 12 month's time, and then off altogether the following year. As will the Covid leeway Oz talks about above. We're going to keep posting £24m losses without another player sale. This is a big problem. I've been banging this drum for months and it just doesn't seem to register with some.
Some absolute belters on this thread...
https://www.fansnetwork.co.uk/football/queensparkrangers/forum/292436/brucie-bon
This post has been edited by an administrator | | | |
| QPR Finances released on 08:18 - Feb 28 with 11962 views | JamesB1979 |
Our costs really worry me and about how we’ve not reduced them. We seem to have 40 more staff than Millwall for example. | | | |
| QPR Finances released on 08:18 - Feb 28 with 11960 views | DejR_vu |
| QPR Finances released on 08:07 - Feb 28 by JamesB1979 |
1.9m on senior management….
17m from shareholders to keep us going
7m from the bond
136 players and coaches…… |
It’s a joke. Some serious pants still being pulled down, just a different flavour.
I’m genuinely amazed these guys run businesses. I can only assume they have grown ups making the decisions. | |
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| QPR Finances released on 08:22 - Feb 28 with 11929 views | stevec |
Whilst we can’t be sure, I have a feeling that when the new regulations are finally agreed on, the old slate regarding FFP at £39m will be wiped clean and everyone will start from day zero on whatever the new regs are.
I suspect half the division is about to breach the old regulations and it’s clearly not working when you get to those kind of numbers. The standard of football is also slipping and it’s mostly to do with the restrictions of existing levels of FFP.
That said, the club needs to take a serious look at the number of playing and coaching staff and where it doesn’t pay get rid. |  | | |
| QPR Finances released on 08:33 - Feb 28 with 11855 views | Wegerles_Stairs |
Very interesting to compare our losses with those of our opponent on Saturday | | | |
| QPR Finances released on 08:38 - Feb 28 with 11826 views | baz_qpr |
You have to take the £8m for the training ground out as its an asset and does not count towards FPP so its a £16m loss in the grand scheme of things which is still high and gives us only 10m or so headroom on the FPP so we absolutely need a player sale this summer but all the sellable assets are crocked or have had a dramatic loss of form. |  | | |
| QPR Finances released on 08:40 - Feb 28 with 11808 views | slmrstid |
| QPR Finances released on 08:38 - Feb 28 by baz_qpr |
You have to take the £8m for the training ground out as its an asset and does not count towards FPP so its a £16m loss in the grand scheme of things which is still high and gives us only 10m or so headroom on the FPP so we absolutely need a player sale this summer but all the sellable assets are crocked or have had a dramatic loss of form. |
The £8.5m spent is fixed asset investments, it does not hit the P&L so it is a £24m loss.
Those accounts are pretty horrific reading, appalling fiscal management. |  | | |
| QPR Finances released on 08:49 - Feb 28 with 11693 views | EastR |
| QPR Finances released on 08:38 - Feb 28 by baz_qpr |
You have to take the £8m for the training ground out as its an asset and does not count towards FPP so its a £16m loss in the grand scheme of things which is still high and gives us only 10m or so headroom on the FPP so we absolutely need a player sale this summer but all the sellable assets are crocked or have had a dramatic loss of form. |
This is incorrect, see above regarding the £8.5m investment. | |
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