QPR accounts for 2012/13 season

[Hitman34]

i have a completly new talking point on this debt issue. cannot believe its not been covered on this site yet which is why i gave ample time for someone to create a thread about it.

oh well its up to me i guess.

keep your eyes open over the next hour about a killer thread. trust me, your gonna love this one hahahaha.

[Geng]

i don't think the debt is the main issue here. there's basically three ways that the shareholder debt thing plays out:

......

there's going to be a long, long period of struggle for us - our main saving grace is that other teams will very probably be in the same boat.

The level of debt is not the issue.

.....

In short, no the debt figure is not a problem. But almost every other financial figure released this week, I'm afraid, is something to be very much concerned about.

Thanks for having a clue how this all works and sharing it with us.

Everyone else here could do with reading both the posts I quoted. An accountant (I believe?) and someone who's just studied sports finance.

Or you could read David Conn, SportingIntelligence and all the other footy finance journos who have looked at this.

Or just believe Uncle Tone's PR tweets. That's definitely more reliable than legally binding accounts.

[Ginger Ninja]

hope so ginge.

until then, it is imperative that all those players we currently have on loan (remy,tarrabt,granero,diakite,salad and the two peices of shyte mbia and park need to be gone in the summer. there is about 400k per week in wages straight away. if we are lubered with them for another year the debt will get worse.

we had no luck in selling the farkers last summer. here is hoping for this summer.

totally agree with ya mate. don't want to see them or granero, taarabt etc back. with the exception of remy, but i dont think he will be back either.

[Geng]

[QUOTE=West London is Rss;1227201]

its debt they physically made themselves out of their own pocket.. They wouldn't do that, it would RUIN their reputation.
You wouldn't make an investment, leave and then try to reclaim back what you know, you have no chance of getting.

Tony's a good man, there is no way he would ever do that

on the reputation point, do you seriously think TF cares more about his "reputation" than he does hundreds of millions of pounds? Of course not. That's why he got rich running a budget airline.

You know what's worse for your reputation as a businessman than buying a football club which doesn't have the success you hoped, forcing you to cut your losses and put it into admin?

Not cutting your losses and continuing to pump 60m per year into a black hole.

[Hitman34]

it'll take a while hits, easier said than done imo.

hope so ginge.

until then, it is imperative that all those players we currently have on loan (remy,tarrabt,granero,diakite,salad and the two peices of shyte mbia and park need to be gone in the summer. there is about 400k per week in wages straight away. if we are lubered with them for another year the debt will get worse.

we had no luck in selling the farkers last summer. here is hoping for this summer.

[Geng]

[QUOTE=West London is Rss;1227201]

its debt they physically made themselves out of their own pocket.. They wouldn't do that, it would RUIN their reputation.
You wouldn't make an investment, leave and then try to reclaim back what you know, you have no chance of getting.

Tony's a good man, there is no way he would ever do that

It's curious how people here - who presumably have no real idea how business works - seem to place so much value in "reputation"

If this sounds familiar, it's because it is. We saw it a few years back.

Remember that bllox that freeseatpete and co used to spout? "Bernie and Flav are top businessmen, they didn't get rich by overspending, they'll be going through the accounts with a fine toothed comb, they couldn't possibly risk their reputation if we were badly run...."

Same was said about the Mittals, and Paladini before them. And now Fernandes.

And yet somehow we're in the Championship with one of the country's highest wage bills. Something doesn't add up.

[Geng]

I'm pretty sure the same people posting BUT WE WILL BE PROFITABLE AND THEN BIG TONE WILL MAKE HIS MONEY BACK!!!1 would be the first to start screaming for Rhodes, Defoe etc etc the moment we make a few bob (which we won't).

[Ginger Ninja]

the man needs to wipe the debt. untill he does so he is fair game in my view.

it'll take a while hits, easier said than done imo.

[Hitman34]

the man needs to wipe the debt. untill he does so he is fair game in my view.

[Ginger Ninja]

If we actually manage to make a profit next season I will get a tattoo of your face on my ***.

can we sticky this thread just for this very post? mods? anyone?

[Izual_Rebirth]

With regards to the recurring loss, the exodus of many high earners this summer should bring that down massively.
Assuming we make £20m+ on Remy and taarabt, and in the unlikely event we don't sign anyone over the summer, we could actually make a profit next season

If we actually manage to make a profit next season I will get a tattoo of your face on my ***.

[Izual_Rebirth]

Its not our debt for god sake lol.. its the shareholders debt.. Have you read the statement. We now have Assets to sell..
The only debt we have is on wages, around 68 mill.. this is a lot I admit but its exactly the same amount as other clubs.. The shareholders aint gona get that money back and they know that.. They know and have said you have to make an investment in a new business.. our chairman has 3 business's, is extremely interactive with the fans and is an accountant.. Do you really think he is gona leave us in the sh1t?.. Your worrying over nothing and do not understand the facts or accounts

You're working on the assumption that it's going to get better one day and the owners will eventually make their money back!

Ok let me put it another way. How long do people think it will take to turn around the 70M+ deficit and for the owners to recoup that debt? Do people honestly see us turning round a 70M+ deficit into a profit and actually managing to pay back that 177M? Even if we make a profit of 10M a year that's still 17 years until they get their money back...

From a purely logical stand point pulling out now and losing 177M is a much better option than waiting 2 years and losing 300M+.

[Norths]

With regards to the recurring loss, the exodus of many high earners this summer should bring that down massively.
Assuming we make £20m+ on Remy and taarabt, and in the unlikely event we don't sign anyone over the summer, we could actually make a profit next season

[qprboy93]

The level of debt is not the issue. As someone who has studied accounts in sports finance solidly for 3 years, I can safely say that this only becomes an issue if TF leaves. The major problem is the recurring loss, and this IS a big issue.

Turnover dropped from £64m to £60.6m
-Ticketing revenue was down from £8.4m to £8.3m
-Wages and social security costs soared from £58.5m to £78m

From the 2012/13 season, you can see how even though we were a Premiership club, turnover and ticketing was down. Expect this to fall further in the 2013/14 accounts. As I mentioned in my previous post, the parachute payments will not make up for the loss in revenue associated with being a premier league club. The current model, in other words, is financially unsustainable. Worse, the current squad - and certainly the players HR is likely to want to let go - have little or no selling on value. In monetary terms, therefore, the club will make losses on these signings. If the club is to survive, the wage structure needs to be drastically altered, and the club needs to work out a way of generating revenue far beyond the average levels of a championship club, especially if it cannot move into a new stadium soon (the current home is in itself a problem, with only a small attendance maximum).

If FFP is implemented, and this is a big if, then QPR are in trouble. Of coruse, there is legal action maybe, but according to my friends in law, any legal action by clubs such as QPR will be countered by clubs who have made every effort to abide by these rules. This debate may end up with UEFA and FIFA, who are strongly in support of FFP. It is therefore not a given that FFP will not happen, and QPR should really be preparing for it if at all possible. Like I said, QPR will, at best, face a fine of £15 million next season (if only the lowest current loss projections are considered). Worst case scenario, a fine of £50 million or an indefinite transfer embargo until the club becomes profitable. Remember that TF and the board can not inject cash to limit the losses calculated by FFP.

In short, no the debt figure is not a problem. But almost every other financial figure released this week, I'm afraid, is something to be very much concerned about.

[Norths]

Shame 70% of rangers fans are not understanding this and going on a full attack at Tony which could have MASSIVE consequences.

Stop scaremongering.

Tony's a good man, there is no way he would ever do that

Do you know him personally or just going off how he comes across on social media etc?