Last night’s performance and result has definitely brought home the stark reality of what is happening at our club.
We have gone from promotion hopefuls to one of the worst sides in the division (on current form) in just a few short months. It is now obvious that promotion will not be possible this season (I think even the optimists and Briatore lovers will admit that). I have to admit I am actually genuinely worried about relegation now and have been looking at the fixture list for the last 20 games and wondering where we are actually going to pick up points.
We have a squad of players that no longer take any pride in playing for QPR. The dressing room was lost the day the Flavio Briatore gave in to player power rather than backing Jim Magilton and I fear that installing a healthy amount of respect for any manager may not be possible with this crop of players.
To add to our woes I fear we are in a much worse financial situation than many would expect given the wealth of our owners. The club is haemorrhaging money every month due inflated wages, loan repayments, pay off’s to sacked managers etc, coupled with ever decreasing gate receipts. Furthermore it is becoming apparent that the rescue deal put in place by our “saviours” Briatore and co was little more than a re-finance of outstanding debts rather than any substantial investment. As such we are still a club with an enormous debt.
It is speculated that the club currently owes somewhere between £30m and £35m, some would argue pocket change for our current owners but on the other hand a serious sum of money for a Championship football side with no tangible assets other than the ground and a handful of players who may fetch a decent fee.
Should the current board walk you can assume they will take the majority of their investment with them (these guys didn’t get rich by being stupid). Where would that leave the club? Administration without a doubt, but possibly even worse.
I have to be honest I feel it is only a matter of time before Flav and his cronies get bored with their play thing. As much as I want to see them go, I fear for our club without their financial clout.
We have gone from promotion hopefuls to one of the worst sides in the division (on current form) in just a few short months. It is now obvious that promotion will not be possible this season (I think even the optimists and Briatore lovers will admit that). I have to admit I am actually genuinely worried about relegation now and have been looking at the fixture list for the last 20 games and wondering where we are actually going to pick up points.
We have a squad of players that no longer take any pride in playing for QPR. The dressing room was lost the day the Flavio Briatore gave in to player power rather than backing Jim Magilton and I fear that installing a healthy amount of respect for any manager may not be possible with this crop of players.
To add to our woes I fear we are in a much worse financial situation than many would expect given the wealth of our owners. The club is haemorrhaging money every month due inflated wages, loan repayments, pay off’s to sacked managers etc, coupled with ever decreasing gate receipts. Furthermore it is becoming apparent that the rescue deal put in place by our “saviours” Briatore and co was little more than a re-finance of outstanding debts rather than any substantial investment. As such we are still a club with an enormous debt.
It is speculated that the club currently owes somewhere between £30m and £35m, some would argue pocket change for our current owners but on the other hand a serious sum of money for a Championship football side with no tangible assets other than the ground and a handful of players who may fetch a decent fee.
Should the current board walk you can assume they will take the majority of their investment with them (these guys didn’t get rich by being stupid). Where would that leave the club? Administration without a doubt, but possibly even worse.
I have to be honest I feel it is only a matter of time before Flav and his cronies get bored with their play thing. As much as I want to see them go, I fear for our club without their financial clout.
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