QPR accounts for 2012/13 season

[MattyRangers]

Only £15million is debt owed outside of the club to a bank as a working capital loan. No crippling 7% interest on any loans etc. why would the board call in a debt knowing the club couldn't pay it. Ill ignore any spin or press reports. Cardiff and others next season will far outweigh us but we'll still be the one in the headlines. Just wish our fan base would jump on board supporting the team as much as they do with regards to all the negative stuff printed. See you all at Birmingham on Saturday and Brighton on Tuesday for those who really give a sh1t about the club. Said my bit!

I'm with ya Dazzer pal *would put that cheers animation here but on me phone so it's too much hassle*

[QPR Richard]

The figures are truly shocking, but not being competent in the field of accounts, I have no idea how the board plans to deal with it, nor do I have any idea what the ceiling is set by the board for expenditure. I'm sure they must've known what the likely debt would be with continued expenditure.

I leave the accounts kind of stuff to the board members. It's their money that's owed, bar £15m. I don't, however, believe that any board member was unaware of what the latest accounts would look like. They obviously know many things that we don't, so it's best left to them to deal with, rather than speculate and worry ourselves sick. Our job is to cheer on the team through thick and thin.

[Dazzer1977]

Only £15million is debt owed outside of the club to a bank as a working capital loan. No crippling 7% interest on any loans etc. why would the board call in a debt knowing the club couldn't pay it. Ill ignore any spin or press reports. Cardiff and others next season will far outweigh us but we'll still be the one in the headlines. Just wish our fan base would jump on board supporting the team as much as they do with regards to all the negative stuff printed. See you all at Birmingham on Saturday and Brighton on Tuesday for those who really give a sh1t about the club. Said my bit!

[dsqpr]

i'm fairly sure that it's just very badly translated from german and that the €99.8m relates to 2012/13 spend. my german's not so bad and the original german text ("Die Personalaufwendungen der Gesellschaft im Einzelabschluss erhöhten sich im abgelaufenen Geschäftsjahr von EUR 74,5 Mio. um EUR 25,3 Mio. auf EUR 99,8 Mio") translates as it being for 2012/13.

Eegads! I'll take your word for the ger-verden-changen-unt-translation-zum-anglais-ahben. Thanks!

Definitely a shocking statistic either way.

[Geng]

Course it's not good reading but why are people acting so surprised? We've known for years we were expending huge sums more than the club brings in - even my simple mind can tell you that results in accumulating debt. My point is that I'm not sitting here saying all is fine n dandy, I don't know the first thing about what's going on behind the scenes, financially, at our club. And nor does anybody else on here so I just it cringe worthy reading some of the dramatic responses.

Thing is though Matty, we really can get a decent idea of what's going on; that's why clubs are forced to publish their accounts. Read qpr93's post for a pretty good take on this.

Not having a go at you personally, just saying we shouldn't be fatalist about these things. Sitting back and enjoying the ride without taking a critical (not necessarily negative) look at what is going on at the club is a recipe for ending up like Portsmouth

[Geng]

Can't wait for Harry's press conference tomorrow who I'm sure will be asked about this and what he knows

Here's my guess at his response

' I just deal with football matters, I know nothing........'
' since I've been here with shipped out 18 players who were earning a fortune ....'
' I've replaced these players with mainly free transfers .....'
' if someone had said at the start of the season we'd be 4th now I would have said they are mad ....'
'The chairmans a good man - I'm sure things are under control financially ....'
' Birmingham are a huge club with a fantastic young manager ....'


What have I missed?

HAH! spot on

[Geng]

simple.

sell ... hoillet £3.mil ....

lol

when will people get it into their heads? players who came to us because we offered loads more ££ than anyone else won't go anywhere else because, er, no one else will pay them as much

[Geng]

Hello, I have just signed up to post because several of you have been asking for an expert to make sense of these figures. While I am no expert as such, I have just completed a degree in Sports finance and can hopefully clear some things up.

Thanks for this post

[Connell10]

im not letting any of this worry me, its not my debt its tonys and his mates, if it all goes ****-up ill still be watching rangers in what ever league they are in! DONT WORRY BE HAPPY!

i retract this statement, when i posted said statement i was on a mixture of valium and weed(its for my nerves honest) what i ment to post was .....WE ARE FOCKED, OH SHITE, OH SHITE, IM A TEAPOT, IM A TEAPOT BOOOOOOOOLLLLLLLLO******************************X!

[Kevin Mcleod]

One season back in the premiership and its wiped out . Thats why its so important to go up, even if we come straight back down, being a yo yo club is a good thing,

[Olly]

Thanks 93.

[QPRDave]

I love amit ...i do

[QPR71]

im not letting any of this worry me, its not my debt its tonys and his mates, if it all goes ****-up ill still be watching rangers in what ever league they are in! DONT WORRY BE HAPPY!

agree with this ...the finances don't bother me ..I just watch football.......most clubs are in debt...as amit said...."you don't come into football to make money...you make money elsewhere and spend it on football because it is a passion"

[QPRDave]

Plenty of finger pointing on this thread and some with particularly short memories

You would think QPR have been debt free for years and only in the last year have we amounted debt. Let's be having it straight QPR have been in debt and more or less living hand to mouth for approaching 20years in fact since we hounded out the last owner that ran the club as a business Richard Thompson

Only difference now is debt is bigger all owners since Thompson have run up the debt for varying reasons

And lets see what some of these other clubs come down with debt wise

[MattyRangers]

im not letting any of this worry me, its not my debt its tonys and his mates, if it all goes ****-up ill still be watching rangers in what ever league they are in! DONT WORRY BE HAPPY!

Well said that man

Whatever happens, whether we end up with the posh new stadium and plying our trade in the top half of the PL I'll be there, as will I if it all goes pete tong and we are playing Accrington Stanley in the Johnsons Paint Trophy on a Tuesday night.

Just enjoy the ride & hope for the best, we can't change anything.