QPR accounts for 2012/13 season

[klonk]

I don't think it will affect us if we went up this season as you get a years grace

TF and Co would need to write the losses off for 2013/2014 next season though in order to avoid the FFP fine

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).

[Mellowhoop]

The club continue to be a laughing stock. The press will hammer us tomorrow. Wont look good for Fernandes and co. Mr mittal wont leave is palace for a week!

[THE CAT]

You're absolutely right of course. Quite why a group of people would even consider calling in a debt that they owe to themselves and put their own club into administration, is beyond me.

I am assuming they are reasonably relaxed about the situation as it is they who have incurred this debt knowing that it is only them that can pay it back. It's not as if it's owed by other people, is it?

Also worth noting that it is unsecured debt so they are not going to cash in on the stadium or anything before any conspiracies start

[Yousef]

Tbh I am not surprised.

[FurtiveFox]

It's only money.

[klonk]

scary stuff looking forward... parachute payments are nice, but at £23m (plus about £2m championship tv money), we're still £18m short of the £43m tv income that gave us a £65m loss.

we're probably about level on player acquisition costs so far this season - the signing on fees of austin, philips, o'neil, simpson etc are probably about the same as any profit we made on the sales of samba and mackie. so, if the wage bill has gone down by, say, £3m a month (as some speculated on here last summer), then that'll have left us with a net reduction to the debt of about £6m for this year, so we're maybe looking at a loss in the region of £40-50m for this season. that's a huge fine if promoted or a very long transfer embargo (until we get everything sorted) if not.

uh-oh...

[Brian Wilson]

All this handwringing but it is no different from the situations at Man City, Chelsea, PSG and Monaco. IF the owners pull out, we're ****ed - same as those clubs. Massive if though.

Not really the same though is it? There will be a lot more people willing to invest in those clubs than little ol QPR

[Rangersw12]

So how do these awful figures affect the FFP if at all ? or is this a problem from next season? Please explain someone.

I don't think it will affect us if we went up this season as you get a years grace

TF and Co would need to write the losses off for 2013/2014 next season though in order to avoid the FFP fine

[Johnny Tightlips]

All this handwringing but it is no different from the situations at Man City, Chelsea, PSG and Monaco. IF the owners pull out, we're ****ed - same as those clubs. Massive if though.

[D3nisBail3ySliP]

So how do these awful figures affect the FFP if at all ? or is this a problem from next season? Please explain someone.

[Yousef]

That's why we should sell Remy and Taarabt.

[brightonr]

Isn't it all relative though, as a large chunk of that debt is to the current owners in the shape of interest-free shareholder loans.

Sea Dream is the Mittals who we owe £40m to(even though some say they have not invested anything) and Tune QPR which is TF and co who we owe £116m to, so unless they decide to call it in, no chance of administration or such.

They are very unlikely to do that though as we would almost definitely go into admin and they would most probably get 5p in the pound or something, so wouldn't be a very wise business decision.

I am sure all the doom mongers will dis-regard this however and say we are soon to enter the abyss however but hey-ho!

You're absolutely right of course. Quite why a group of people would even consider calling in a debt that they owe to themselves and put their own club into administration, is beyond me.

I am assuming they are reasonably relaxed about the situation as it is they who have incurred this debt knowing that it is only them that can pay it back. It's not as if it's owed by other people, is it?

[Sky Sports]

QPR announce big losses

QPR's debt has increased to £177m after the club lost £65.4m last season, when it was relegated from the Premier League.

More...

[IrishRanger]

read today that our wage bill is higher than Borussia Dortmund's. What a joke

[qpr]

i have read that our overall debt is £170 million ,someone must have deep pockets

That's the point of debt, you don't have it to spend