QPR accounts for 2012/13 season

[theblackmafia.]

You mean the same Southampton and Bournemouth that have both suffered from going into administration after Redknapp had managed them? And the same Spurs team that he left because he wasn't allowed to spend as much as he wanted?

The clubs he left 5 years before they went into admin?!

[Buffalo]

It seems that when you become manager you get total control of all club finances and can spend whatever you want. Never mind the chairman, board and accountants...

[Izual_Rebirth]

Well if we get relegated... which is looks like we are... we're f***ed.

[Jimmy Floyd Rabbit]

Well if we get relegated... which is looks like we are... we're f***ed.

Embarrassing

[CroydonCaptainJack]

Embarrassing

Totally!

[Kirill]

I agree, it is very embarrassing. The current club leadership already gambled heavily with our financial and managerial situation - and lost when we got relegated despite purchasing a shedload of good players. Shudder to think what would have happened if we failed to get promoted at the 11th hour this May. Of course there were sugary soothing voices back then and they also ridiculed fellow-fans who dared to think and look back at the examples of Portsmouth, etc. The same reckless gamble is happening again now and the same sugary/mocking voices are back. Oh how we like to lambast Flavio and Co for refusing to buy new players for the PL towards the end of their tenure. But maybe they had it right, maybe it is useless trying to buy survival - without ensuring team spirit because spirited performances by mediocre players are better than gutless surrenders by supposedly good players.

[Izual_Rebirth]

I agree, it is very embarrassing. The current club leadership already gambled heavily with our financial and managerial situation - and lost when we got relegated despite purchasing a shedload of good players. Shudder to think what would have happened if we failed to get promoted at the 11th hour this May. Of course there were sugary soothing voices back then and they also ridiculed fellow-fans who dared to think and look back at the examples of Portsmouth, etc. The same reckless gamble is happening again now and the same sugary/mocking voices are back. Oh how we like to lambast Flavio and Co for refusing to buy new players for the PL towards the end of their tenure. But maybe they had it right, maybe it is useless trying to buy survival - without ensuring team spirit because spirited performances by mediocre players are better than gutless surrenders by supposedly good players.

Great post.

I know I come across as being negative but I have the clubs best interests in my heart.

[dsqpr]

I don't have any doubt that the club have spent recklessly since TF took over. Equally, I don't have any doubt that this was done for all the right reasons and TF and the Board have learned a lot in the last few years and will make fewer such mistakes going forward.

I expect TF to be here for the long haul but if he were to leave, the problem would not be the debt owed to him and the other shareholders but rather the day to day cost of running the club, which they would no longer fund. Getting somebody to take that on would be the main problem. Without a buyer, we really would become Pompey Mark II.

[Izual_Rebirth]

I don't have any doubt that the club have spent recklessly since TF took over. Equally, I don't have any doubt that this was done for all the right reasons and TF and the Board have learned a lot in the last few years and will make fewer such mistakes going forward.

I expect TF to be here for the long haul but if he were to leave, the problem would not be the debt owed to him and the other shareholders but rather the day to day cost of running the club, which they would no longer fund. Getting somebody to take that on would be the main problem. Without a buyer, we really would become Pompey Mark II.

Exactly my point earlier. The debt isn't the issue. It's the fact that we're running at a deficit that is the issue.

[brightonr]

Exactly my point earlier. The debt isn't the issue. It's the fact that we're running at a deficit that is the issue.

Almost break even this year and expect to next according to TF interview the other day.

No need to worry. Walking away from deals that make no sense proves that the tide has turned.

[winalotto]

Am i right in saying the initial debt is shareholder loans and the majority of our debt is owed to the board and not the banks or outside businesses?

[brightonr]

Am i right in saying the initial debt is shareholder loans and the majority of our debt is owed to the board and not the banks or outside businesses?

You are correct. In essence, they owe themselves the money.

[Izual_Rebirth]

http://www.bbc.co.uk/news/uk-england-london-29059899

Now this sounds familiar. How does the club expect to pay for a new 40,000 stadium?

[Kirill]

http://www.bbc.co.uk/news/uk-england-london-29059899

Now this sounds familiar. How does the club expect to pay for a new 40,000 stadium?

By loaning even more money to the club from their "bottomless" pockets?
And they will wait forever to get it back, because they are such kind uncles

[Hoopsmad]

By loaning even more money to the club from their "bottomless" pockets?
And they will wait forever to get it back, because they are such kind uncles

They keep saying dont worry about the huge debt that they are going to write it off...that was months ago though. Have they actually written it off or is it still a debt the club owe? talk the talk.....