2nd in Britain and 5th in Europe

[Awin]

It may come as no surprise to many but according to UEFA's European Club Footballing Landscape report QPR have been ranked fifth as Europe's most debt ridden club.

Accounts for QPR Holdings Ltd

Their next accounts, which will cover 31 May 2017 through to 28 February 2018 should be published in May 2018. In the meantime the club owners, Tune Group (55%), Ruben Gnanalingam (33%) and Lakshmi Mittal (11%) need to find that magic formula and the ever elusive 'Money Tree' if we are ever to get out of this mess.

Top 20 European clubs by net debt

You're going to love this - NOT!

1. Manchester United - €536m
2. Benfica - €336m
3. Inter Milan - €306m
4. Valencia - €285m
5. QPR - €279m
6. AC Milan - €249m
7. CSKA Moscow - €224m
8. Galatasaray - €222m
9. Juventus - €209m
10. Roma - €208m
11. Sunderland - €208m
12. PSG - €186m
13. Fenerbahçe - €166m
14. Dinamo Moscow - €164m
15. Atlético de Madrid - €164M
16. Liverpool - €163m
17. Olympique Lyonnais - €159m
18. Monaco - €148m
19. Copenhagen - €138m
20. Schalke 04 - €137m

http://www.qpr.vitalfootball.co.uk/article.asp?a=496754

[stanistheman]

But all of those clubs at least win trophies except for QPR and Sunderland.

Just how did Uncle Bungle and the Sunderland owners manage to screw it up so badly without even a trophy to show for it?

[brightonr]

That would be worrying if there was any debt.

[stanistheman]

That would be worrying if there was any debt.

I agree, the debt is to the owners who have written it off, but what I was getting at is spending all that dosh and not even a League Cup to show for it.

[loftbalcony]

Would like to see a UK list of every clubs bank debt, I think ours is 15 million to barclays?

[Shepherds Mush]

Would be more relevant if it stated who the debt is to.

For example, Man United owe about £488m to their owners who in turn have loaned the club that money secured on the assets of Man United. Effectively United have a £488m mortgage.

We have nothing like this at all whatsoever.

[James1979]

Shareholder loan is not debt. We have less than 20m of debt....I think its about 10m.

[Jimmy Floyd Rabbit]

I thought we didn't have a debt

[Jeems]

But all of those clubs at least win trophies except for QPR and Sunderland.

Just how did Uncle Bungle and the Sunderland owners manage to screw it up so badly without even a trophy to show for it?

Play off Winners trophy

[Hertford Hoop]

Didn't we win an award for the best toilets one year?

[peterlund.dk]

Didn't we win an award for the best toilets one year?

I think we won the "worst Hoilett" award four seasons in a row...

[erikmata]

I think we won the "worst Hoilett" award four seasons in a row...

[Kevster269]

I think we won the "worst Hoilett" award four seasons in a row...

Superb!!

[klonk]

Shareholder loan is not debt. We have less than 20m of debt....I think its about 10m.

probably best to restate what the most recent accounts say...

• short-term debt stands at £13m (short-term debtors, people who owe the club money, stands at £3m - so net short-term position is £10m debt)
• long-term debt stands at £40.8m, of which:

• £5m is a bank loan
• £0.2m is money owed on player purchases
• £35.6m is owed to a company owned by the shareholders.

one interesting point that i had missed is the interest payable on the shareholder loans is quite high. the £35.6m shareholder loan figure breaks down as follows:

• £30m loan charged at 1% per month (same as 12.7% per year)
• £4m loan charged at 2% per month (same as 26.8% per year)
• £1.6m unpaid interest on the 2 loans above.

they're not exactly quickquid or wonga interest rates, but, still, they're quite high rates to be paying in the current economic climate...

[Pinkie]

Thanks klonk and didnt know any of that,grabbing gits,considering they messed the money up left right and centre but are making out of what we pay back,shouldnt be aloud really!