QPR accounts for 2012/13 season

[Johnny Tightlips]

All this handwringing but it is no different from the situations at Man City, Chelsea, PSG and Monaco. IF the owners pull out, we're ****ed - same as those clubs. Massive if though.

[Rangersw12]

So how do these awful figures affect the FFP if at all ? or is this a problem from next season? Please explain someone.

I don't think it will affect us if we went up this season as you get a years grace

TF and Co would need to write the losses off for 2013/2014 next season though in order to avoid the FFP fine

[Brian Wilson]

All this handwringing but it is no different from the situations at Man City, Chelsea, PSG and Monaco. IF the owners pull out, we're ****ed - same as those clubs. Massive if though.

Not really the same though is it? There will be a lot more people willing to invest in those clubs than little ol QPR

[klonk]

scary stuff looking forward... parachute payments are nice, but at £23m (plus about £2m championship tv money), we're still £18m short of the £43m tv income that gave us a £65m loss.

we're probably about level on player acquisition costs so far this season - the signing on fees of austin, philips, o'neil, simpson etc are probably about the same as any profit we made on the sales of samba and mackie. so, if the wage bill has gone down by, say, £3m a month (as some speculated on here last summer), then that'll have left us with a net reduction to the debt of about £6m for this year, so we're maybe looking at a loss in the region of £40-50m for this season. that's a huge fine if promoted or a very long transfer embargo (until we get everything sorted) if not.

uh-oh...

[FurtiveFox]

It's only money.

[Yousef]

Tbh I am not surprised.

[THE CAT]

You're absolutely right of course. Quite why a group of people would even consider calling in a debt that they owe to themselves and put their own club into administration, is beyond me.

I am assuming they are reasonably relaxed about the situation as it is they who have incurred this debt knowing that it is only them that can pay it back. It's not as if it's owed by other people, is it?

Also worth noting that it is unsecured debt so they are not going to cash in on the stadium or anything before any conspiracies start

[Mellowhoop]

The club continue to be a laughing stock. The press will hammer us tomorrow. Wont look good for Fernandes and co. Mr mittal wont leave is palace for a week!

[klonk]

I don't think it will affect us if we went up this season as you get a years grace

TF and Co would need to write the losses off for 2013/2014 next season though in order to avoid the FFP fine

these figures don't count towards ffp, but this season's accounts will do. if they end up showing, say, a £40m loss and we got promoted, we'd be fined something in the region of £28.7m (if we again made a £65m loss, the fine would be £53.7m).

[Rangersw12]

these figures don't count towards ffp, but this season's accounts will do. if they end up showing, say, a £40m loss and we got promoted, we'd be fined something in the region of £28.7m (if we again made a £65m loss, the fine would be £53.7m).

They are only losses if the TF and CO continue to loan the club money instead of writing it of like Al Fayed did at Fulham

[irememberlesley]

Half of the debt went on Hogan's contract

[Fordy]

We pay more wages that Borussia Dortmund. That actually made me feel abit sick. The amount of money we waste on utter shite is crazy. You'll probably find Jenas is on more money that Lewondowski or something stupid.

[klonk]

They are only losses if the TF and CO continue to loan the club money instead of writing it of like Al Fayed did at Fulham

no. they're losses taken from the operating statement which (broadly speaking) compare the income and costs of day-to-day activities. the only way to change that is through producing falsified accounts.

how the owners finance the business (loans, injection of shareholder capital etc) has no bearing on the calculation of the profit or loss.

[Factamondo]

the circus running us now make flavio n andy warhols lovechild look business genuis's!

[Mellowhoop]

'MK Rangers' has a nice ring to it.