QPR suffer £22m loss on return to the Premier League

[Stanley]

Our debts are to our owners. Will they call the debt in? Let's hope not.

And with zero interest apparently.

[Gipper]

I can't believe that people think we are debt free. This money may not come from a bank but it does come from our owners pockets. If owners do sell for their returns the debt they are owed will be agreed in the price, if the price does not meet the debt any new owners would make up the shortfall and a debt would be passed on and has to be paid back.

[bonheurjh]

thank you T.F

[QPR Richard]

The total debt is £90m. Lakshmi Mittal's share is £30m. Pennies to a multi billionaire. Tony's three-man consortium's share is £60m, £20m per head. Not too much for men reputedly worth a billion between them. If the club is sold then they may have to take a loss. Any new owners may want part of the debt written off. The ground is safe because it has a covenant on it.

I'm not unduly worried about the finances of the club.

[MattyRangers]

Same as that.

Pleasantly surprised if that's normal?

Tbh next years a counts will be horrific if we go down. Stay up & all hunky dory.

The total debt is £90m. Lakshmi Mittal's share is £30m. Pennies to a multi billionaire. Tony's three-man consortium's share is £60m, £20m per head. Not too much for men reputedly worth a billion between them. If the club is sold then they may have to take a loss. Any new owners may want part of the debt written off. The ground is safe because it has a covenant on it.

I'm not unduly worried about the finances of the club.

[12321]

The ground is safe because it has a covenant on it.

I'm not unduly worried about the finances of the club.

What is this covenant?
So the assets of the club are the players themselves and whatever payments are due from the PL if/when we stay up..... Nowhere near enough to cover the debt which is going to be a lot more next year. We really have to hang on to TF and co. Good job we have them.

[Sky Sports]

Wage bill doubles for QPR

QPR's latest accounts have revealed the club's wage bill increased from £27.6million to £56m for the year ending May 31, 2012.

More...

[qpr]

That's to be expected. That might be level this year as we've got rid of more players then we've bought but the players weve bought are good players too with sell on values

[W12_Ranger]

I can't believe we had a wage bill of £27.6 million in the Championship because thats what that is saying.

[MattyRangers]

I can't believe we had a wage bill of £27.6 million in the Championship because thats what that is saying.

Rowan Vine was on £95k per week basic.

[MattyRangers]

But in seriousness, I do agree with ya W12 - that equates to £530k per week in wages, which averages £21k per week for 25 players. No way. Our top earner may have just been touching £25k, with a handful at most exceeding £20k. Not that I know that as fact at all obviously, but I find it very very hard to believe.

[QPR Richard]

What is this covenant?
So the assets of the club are the players themselves and whatever payments are due from the PL if/when we stay up..... Nowhere near enough to cover the debt which is going to be a lot more next year. We really have to hang on to TF and co. Good job we have them.

The council put a covenant on the ground to stop it being bought and used for any other purpose.

[hal9thou]

I'm not unduly worried about the finances of the club.

I think you're being a tad naive. At best the club is hock to other businesses. And you want a new stadium ie more debt.

I just think people want it all to be ok and it's a form of denial.

Arsenal got their stadium. How they love it now....

[MattyRangers]

I think you're being a tad naive. At best the club is hock to other businesses. And you want a new stadium ie more debt.

I just think people want it all to be ok and it's a form of denial.

Arsenal got their stadium. How they love it now....

Tbh I, personally, would rather let the business men do the maths & running of the club and I'll concentrate on supporting the team & not pretend I know the ins and outs of running the business.

Not meant as a pop at you saying you think you do btw.

[hal9thou]

Tbh I, personally, would rather let the business men do the maths & running of the club

Matty I just worry about business men having our best interests at heart.

I'd be there if we ended up on Sundays down the scrubs. Less debt too ;)