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Financial Results to 31 May 2022

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  • Financial Results to 31 May 2022

    After player trading we made a loss for the year of 24.1m compared to a loss of 3.5m the year before when the Eze money hit the accounts.

    The owners are putting in 500k a week to keep us going yet we still have a small budget compared to other clubs.

    https://find-and-update.company-info...filing-history

  • #2
    Would be interesting to see a comparison with other Championship clubs in terms of losses over say the last three years of published accounts. I would expect to see a lot of similar stories. As with most areas of life those at the upper end mint it whilst the rest slum it.

    Makes the decreasing value of our better players over last season and this season all the more frustrating. We need to sell players.

    Think we can safely say the owners aren't in it for the money!

    Comment


    • #3
      Originally posted by FurtiveFox View Post
      Would be interesting to see a comparison with other Championship clubs in terms of losses over say the last three years of published accounts. I would expect to see a lot of similar stories. As with most areas of life those at the upper end mint it whilst the rest slum it.

      Makes the decreasing value of our better players over last season and this season all the more frustrating. We need to sell players.

      Think we can safely say the owners aren't in it for the money!
      The owners must have done 350m on us by now.

      Perhaps with a new stadium and a sneaky entry to the premiership perhaps some Americans or Quataries would love a cheap 1bln London club. If, if, but, but...

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      • #4
        What it highlights is how incredibly lucky we are that the owners actually write cheques of 1.8m per month to keep the club afloat.

        If this was a normal business, then we would seriously be in the territory of administration by now.

        Comment


        • #5
          Brizzle lost 28.5m, Preston 20.2m, Boro 19.5m snd Millwall 12.6m

          A lack of player sales is killing us. There'll be a semi fire sale in the summer. Dieng, Field, Chair, Willock will all go. I doubt we'd get 15m for the lot of them the way we're playing.

          Comment


          • #6
            Originally posted by FurtiveFox View Post
            Would be interesting to see a comparison with other Championship clubs in terms of losses over say the last three years of published accounts. I would expect to see a lot of similar stories. As with most areas of life those at the upper end mint it whilst the rest slum it. Makes the decreasing value of our better players over last season and this season all the more frustrating. We need to sell players.

            Think we can safely say the owners aren't in it for the money!
            As much as the owners are bailing us out I'm not sure than many other clubs are as badly run compared to ours. Look at Luton for example. They buy well and improve that player which increases their market value. Look at Morris. And adebajo. Same for woodrow. We spanked the same amount on dykes and bonne. Even Millwall are better run than us yet their budget is prob around what we run at. No one will buy any of our players. Chair isn't prem standard. Willock was before he became a sicknote. Field would hold his own in the prem with good players around him. If Glenn whelan made a career of playing in the prem then Sam field can do the same.

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            • #7
              Thing that shocked me was players. Mangers and coaches total 136, and we still have no adequate cover for injuries.

              Comment


              • #8
                The club badly need to start cutting their cloth now, we need to look at making savings of 2m a month, it could be achieved by the following.

                1. asking players to take pay cuts
                2. Reducing the size of the squad.
                3. Scrapping or downgrading the academy
                4. Player sales
                5. seeking revenue from other means such as stadium naming rights, training ground etc.

                Comment


                • #9
                  Originally posted by ConorQPR2000 View Post
                  The club badly need to start cutting their cloth now, we need to look at making savings of 2m a month, it could be achieved by the following.

                  1. asking players to take pay cuts
                  2. Reducing the size of the squad.
                  3. Scrapping or downgrading the academy
                  4. Player sales
                  5. seeking revenue from other means such as stadium naming rights, training ground etc.
                  With our injury record maybe BUPA would like naming rights for the stadium!

                  Comment


                  • #10
                    Originally posted by ConorQPR2000 View Post
                    What it highlights is how incredibly lucky we are that the owners actually write cheques of 1.8m per month to keep the club afloat.

                    If this was a normal business, then we would seriously be in the territory of administration by now.
                    You wanted them all out last week ..
                    and was trying to drum up interest to do a protest at the Blackburn game .
                    You also said Ainsworth and Les don’t get on
                    yet in all the pics on the official they look best buddy’s and it was Les who wanted him in .
                    then you start deleting threads and your comments . Everyone to there own I suppose

                    Comment


                    • #11


                      https://footballeconomyv2.blogspot.c...500k-week.html

                      New investor Richard Reilly now owns 12% of QPR.

                      https://www.qpr.co.uk/news/club-news/richard-reilly-joins-qpr-board-110222/

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                      • #12
                        Issue with Dieng, Willock, Chair Field and any decent player over the last 2 seasons has been that we, the coach and the board had one eye on promotion. We needed those players to keep pushing and we'd need them in the prem. So we haven't sold at their peak.

                        We should be braver going forward that we can sell key assets when they are doing well and keep performing. It relies on a good youth setup and scouting network though, which we all agree is not the best.

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                        • #13
                          So 24.1m is the loss for accounting purposes but what is the loss is the loss for FFP purposes?

                          Comment


                          • #14
                            Apart from the depressing debts, that is really interesting as he currently has interests in the MLS and MLB in the states.....

                            Comment


                            • #15
                              Originally posted by djp View Post
                              So 24.1m is the loss for accounting purposes but what is the loss is the loss for FFP purposes?
                              Les said in a recent interview the FFP postion does not get disclosed. I guess if it was public and we were close to exceeding it we wouldnt get full value for our players.

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