QPR accounts for 2012/13 season

[Pie & mash]

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

[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.

[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'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.

[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]

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)

[Mellowhoop]

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

[West London is Rss]

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

[dpmd]

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

http://www.abcloan.com/ ?

[Mellowhoop]

'MK Rangers' has a nice ring to it.

[Factamondo]

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

[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.

[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.

[irememberlesley]

Half of the debt went on Hogan's contract

[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