QPR accounts for 2012/13 season

[dpmd]

I wonder if these guys would be able to help us out:

http://www.abcloan.com/ ?

[West London is Rss]

Is there not an accountant in our midst who can explain if it is as bad as im reading it?

[Mellowhoop]

What do you need an accountant for? A ****ing paperboy cold tell you we are in the ****!

[klonk]

Is there not an accountant in our midst who can explain if it is as bad as im reading it?

i'm an (out of practice) accountant.

and yes, it probably is as bad as you're reading it. (it could actually be worse than you're reading it)

[Olly]

I thought that clubs would be fined £ for £ on any loss over £18m. There are different amounts for each league too, so not sure which applies to us. Then there are legal challenges coming up which could put things on hold. The premier league apparently also voted for ffp fines to be donated to charity, instead of being shared out among lower league clubs. Was it spite to hinder lower clubs progressing?

Or was voting for charity allowing clubs an option to challenge the ffp ruling? If it's shared out, then lower league clubs will be backing the FA etc. on upholding their ruling. If no lower clubs are benefiting then maybe a challenge may be more successful?

If an owner wants to gift money to a club with no repayment back at all, is that OK and not a debt?

[klonk]

i'm an (out of practice) accountant.

and yes, it probably is as bad as you're reading it. (it could actually be worse than you're reading it)

for example, it wasn't until today that the penny dropped that, even though they're on loan at other clubs, we're still running sizeable depreciation costs for the likes of mbia, granero etc through the operating statement.

[Rangers77]

If TF et al pull the plug then the club is gone.... No one would rescue us with such losses and such a debt. Until then we limp along financially. If we go up this year we pay the huge fine (which means we can't buy players, this squad won't be able to compete in the PL, so we go back down....). If we don't go up this year we're subject to a transfer embargo and can't get players in, so won't go up next year.... Bleak.

[klonk]

I thought that clubs would be fined £ for £ on any loss over £18m. There are different amounts for each league too, so not sure which applies to us. Then there are legal challenges coming up which could put things on hold. The premier league apparently also voted for ffp fines to be donated to charity, instead of being shared out among lower league clubs. Was it spite to hinder lower clubs progressing?

Or was voting for charity allowing clubs an option to challenge the ffp ruling? If it's shared out, then lower league clubs will be backing the FA etc. on upholding their ruling. If no lower clubs are benefiting then maybe a challenge may be more successful?

If an owner wants to gift money to a club with no repayment back at all, is that OK and not a debt?

ffp rules for the championship are here (although they haven't been updated for the charity thing), but yes losses up to £18m are a max of £6.7m and then it's £ for £.

if the owner gives money to the club, this is basically financing - it's not a debt as such, but it's still a balance sheet transaction (balance sheets state all the assets and liabilities that a company has at the end date of the accounting period) so it doesn't affect the calculation of profit/loss.

[Pie & mash]

Thank god our manager doesn't have a history of spunking away a load of money and leaving clubs bankrupt

[Olly]

So a sponsor can give money to a club and that can balance the books, but an owner can't balance the books with a donation? Is that what you're saying?

[DeepcutHoop]

Unsurprising & depressing.

[Pie & mash]

So a sponsor can give money to a club and that can balance the books, but an owner can't balance the books with a donation? Is that what you're saying?

See man city who used their sponsor (owned by the owners) to balance the books

[West London is Rss]

Thank god our manager doesn't have a history of spunking away a load of money and leaving clubs bankrupt

.. beyond worrying really isn't it

[SuperHoopNik]

Play off winners get £90m..maybe that's why we've been awful of late! Lol

[West Acton]

Play off winners get £90m..maybe that's why we've been awful of late! Lol

For clarification that £90mil is the premier league money so makes no difference if you go up automatically or via play offs