QPR accounts for 2012/13 season

[Kirill]

One number that really jumped out at me was £11.696M for ADMINISTRATIVE EXPENSES?! (P7). That is almost 50% more than our entire gate revenue!

Does anybody know how that number can be so big?

They don't know how to cut down on flowers like Flabio did.

[Stanley]

WTF - you must be joking?

No, he's not.

[dsqpr]

One number that really jumped out at me was £11.696M for ADMINISTRATIVE EXPENSES?! (P7). That is almost 50% more than our entire gate revenue!

Does anybody know how that number can be so big? I guess it includes agents' fees but even so I'd like more details on where that money went.

[Norths]

Really hope TF is reading this forum, such multi million pound business advice is hard to come by but we seem to have it in abundance here.

Silly comment mate.

Doesn't take a genius/expert to see where the club has gone wrong and you cant fault those that just want the best for their club.

We are bang in trouble if this continues.

[Stanley]

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

Read the Klonk posts above yours.

[West London is Rss]

Not sure many have given advice... its more a case of why did he go down this route

[Kirill]

Really hope TF is reading this forum, such multi million pound business advice is hard to come by but we seem to have it in abundance here.

Too late now, should have done his reading a couple of years ago.

[MattyRangers]

Really hope TF is reading this forum, such multi million pound business advice is hard to come by but we seem to have it in abundance here.

[Izual_Rebirth]

It seems the opinion in here is the same as that I saw from Portsmouth fans way back when and Bolton fans recently. "It's ok the owners won't call in the debt" It's all very well to say that but how many years of 60m+ losses are they going to be able to support?

Why are people burying their head in the sands over this?

If our outgoings are more than double our income then we're on track for administration. £177 at the moment... £240+ next year... £300+ the year after that... when will it stop? Face it... we're f***ed.

Might as well go into administration now and get it over with rather than suffer the sort of slow painful death Portsmouth went through. If we don't get promoted it's all over. And I say this as a life long fan.

[West London is Rss]

This could/will take years to recover

[Kirill]

am still in shock about this.

Tony fernandes, caterham cars, shyte! qpr, £177mil debt. call yourself a bussniess man? your a farking failure!

thankyou for farking up our club.

all tthats left to do is flog our home and pocket the money, build a new stadium and charge the club rent.

F U CK YOU FERNANDES!

I somehow sense you have a slightly negative attitude towards TF.
What can I say to change your opinion of him for the better?
What if he used to consult the IMF, surely that would deserve respect?

[Hitman34]

am still in shock about this.

Tony fernandes, caterham cars, shyte! qpr, £177mil debt. call yourself a bussniess man? your a farking failure!

thankyou for farking up our club.

all tthats left to do is flog our home and pocket the money, build a new stadium and charge the club rent.

F U CK YOU FERNANDES!

[Timmy the Doc]

We're spending more on wages than Borussia Dortmund..

WTF - you must be joking?

[Hitman34]

simple.

sell austin £6mil, remy £16mil, tarrabt£4mil, simpson £2.mil, hoillet £3.mil, philips 5mil thats 36 mil saved.

and let harry sign more of his old has beens then we are sorted. ahhhhhhh i see tony's plan now!

[Pie & mash]

There's no conspiracy theory here.

Harry spunked a load of money on rubbish players on top whack wages and Fernandes allowed it because he was naive

Every club he's managed (apart from Spurs) has gone into administration or faced bankruptcy after he's left (albeit not always his fault).