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FFP Explained

Discussion in 'Queens Park Rangers' started by qprbeth, Feb 29, 2020.

  1. SW Ranger

    SW Ranger Well-Known Member

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    Funny isn’t it Sb, it keeps coming back to leadership. Something, for me, we have been lacking for some years now. Talent is a wonderful thing but leadership and spirit accounts for a lot when a team is together (on the pitch, in the office and in the boardroom). Good strong leadership wouldn’t have let those managers get away with it. I do think Hoos has some element of leadership, grounding our owners when it comes to finances.
    Oh for the days of Jim Gregory (contentious with some I’m sure), Macca, Francis, Venables, Fenwick, Derry etc.
     
    #201
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  2. Steelmonkey

    Steelmonkey Well-Known Member

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    Good analysis by one of the guests on the Open All Rs podcast this week...

    https://open.spotify.com/episode/3nYtmsx13JctOfR1rKTpT2?si=izQXTeI8QH2LpZrLyM9ruw

    We're in the ****, but not as deep as some others (Stoke, Birmingham, Reading) but we don't have much headroom for FFP...some of those £25m losses can be written off, and need to be as we're well over the three year loss figure of £39m if we don't
     
    #202
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  3. Sooperhoop

    Sooperhoop Well-Known Member

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    #203
  4. stick

    stick Bumper King

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    #204
  5. Hammersmith bookie

    Hammersmith bookie Well-Known Member

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    Screenshot_20230303-081658_Chrome.jpg
    That must be about £300 million he's converted into shares now ffs !
     
    #205
  6. sb_73

    sb_73 Well-Known Member

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    QPR owners converted £60m of loans into shares in March 2015, £180m in November 2015, £21m in 2018, and doubtless more - Marinakis has plenty of precedent to follow.
     
    #206
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  7. Steelmonkey

    Steelmonkey Well-Known Member

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    Rollers take on things....not pretty reading

    On the edge of the precipice – Column

    Monday, 6th Mar 2023 15:21 by Simon Dorset

    Our resident accountancy expert Simon Dorset offers his annual deep dive into the QPR accounts, which this year show a loss north of £24m for the 2021/22 season.


    I downloaded QPR’s latest accounts with some trepidation. If a club generally regarded as well-run such as Preston North End had lost £16.8m going nowhere last season, what would the latest set of accounts reveal about our accident-prone Queens Park Rangers? Then, of course, there were those prophecies of Financial Fair Play doom looming on the horizon.

    https://www.fansnetwork.co.uk/footb...s/59765/on-the-edge-of-the-precipice-–-column
     
    #207
  8. sb_73

    sb_73 Well-Known Member

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    Jesus Christ.

    I tend to tune out when he talks about this stuff pre match in the pub, it’s both confusing and depressing.
     
    #208
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  9. qprbeth

    qprbeth Wicked Witch of West12
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    I nod knowingly (!!!?) and sadly!

    Rollers other name is Cassandra
     
    #209
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  10. SW Ranger

    SW Ranger Well-Known Member

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    Ouch! That doesn’t look good. I wonder if there will be deserters from the Good ship Loftus before the next accounts are filed.
     
    #210

  11. rangercol

    rangercol Well-Known Member

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    ****ing hell!

    We're truly ****ed, both on and off the pitch.
     
    #211
  12. SW Ranger

    SW Ranger Well-Known Member

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    Apparently this is how you run an academy for profit.

    https://www.bbc.co.uk/sport/football/64763373

    Though the top three academies are all in the Champions League, so it does make it a tad easier to keep your better prospects.
     
    #212
  13. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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  14. Quite Possibly Raving

    Quite Possibly Raving Well-Known Member

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    Rotherham's accounts came out yesterday. Turnover £12m. Loss £1.7m. Player wages £21m lower than QPR.

    Caveat - they are L1 figures, but wages can't have gone up too much for them, and turnover will have increased in championship too. We obviously want to set the bar higher than Rotherham, but shows we can improve our squad and cut the wage bill.
     
    #214
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  15. Sooperhoop

    Sooperhoop Well-Known Member

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    Grim is the word. One salient point though is the £39 million loss threshold has remained unchanged whereas Premier League income and parachute money has increased leaving the chasm ever bigger for those not benefiting from such. Reading are already on the naughty step and a number of other Championship clubs on the brink, this really isn't a sustainable or sensible way to run what is becoming an insurmountable difference between the haves and have nots. It'll be interesting to see what becomes of the government's demand for a reset...
     
    #215
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  16. Ranger4ever

    Ranger4ever Well-Known Member

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    #216
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  17. Sooperhoop

    Sooperhoop Well-Known Member

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    Burnley placed under immediate transfer embargo by EFL, a bit late to make any difference...
     
    #217
  18. Hammersmith bookie

    Hammersmith bookie Well-Known Member

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    Unless they Dock them points ! 60 should be enough to see us safe
     
    #218
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  19. qprbeth

    qprbeth Wicked Witch of West12
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    This might be a technicality due to changing auditors..... but then is there anything more sinister underneath
     
    #219
  20. Totallyqpr

    Totallyqpr Well-Known Member

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    FFP have just deducted Vlad Putin six points (or something/someone) :)
     
    #220

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