1. Log in now to remove adverts - no adverts at all to registered members!

QPR FFP Dispute

Discussion in 'Queens Park Rangers' started by QPR999, Oct 24, 2017.

  1. ELLERS

    ELLERS Well-Known Member

    Joined:
    Aug 17, 2011
    Messages:
    22,785
    Likes Received:
    11,186
    The club owners should be ashamed of themselves. Surely they must have someone within the club that knows the EFL rules and how much you can spend compared with income. It really is a joke and if we get a fine as reported then we will end up further down the league than Luton did.
    Seriously is the sort of thing you don't expect your club to be getting in trouble over. Muppets
     
    #21
    qpherts and Uber_Hoop like this.
  2. durbar2003

    durbar2003 Well-Known Member

    Joined:
    Jul 2, 2013
    Messages:
    4,828
    Likes Received:
    2,394
    They said the fine of 58m is fair. I think if that's what it is it's enough to send us down to the 2nd div. (if we're lucky)
     
    #22
  3. peter1954qpr

    peter1954qpr Well-Known Member

    Joined:
    Mar 22, 2011
    Messages:
    3,848
    Likes Received:
    2,406
    What happens if our illustrious owners pay the fine and not the football club, will that still make us guilty of FFP and liable to further penalties
     
    #23
  4. sb_73

    sb_73 Well-Known Member

    Joined:
    Aug 18, 2012
    Messages:
    29,284
    Likes Received:
    26,706
    Some of the scenarios which spring to mind are really horrible. The board need to communicate pretty clearly with the fans on this, but I doubt they will.

    I wonder how much they have wasted on lawyers.
    its the club, not the owners which is being fined. As the club has no money and runs on a deficit, it clearly can’t pay the fine, even if it is tiny compared to the speculation. Everything depends on the owners, being willing to take this on if the appeal fails.

    Roller says that FFP fines are not included in future FFP calculations. So we just need to find up to £60m down the back of the sofa.
     
    #24
  5. cor blymie

    cor blymie Well-Known Member

    Joined:
    Nov 6, 2015
    Messages:
    1,615
    Likes Received:
    1,822
    are Bournemouth not going down the same road?
     
    #25
  6. Stroller

    Stroller Well-Known Member

    Joined:
    Jun 28, 2013
    Messages:
    22,380
    Likes Received:
    21,778
    We just need to get promoted to the PL and stay there.
     
    #26
  7. GoldhawkRoad

    GoldhawkRoad Well-Known Member

    Joined:
    Apr 29, 2011
    Messages:
    9,739
    Likes Received:
    3,387
    Accept the outcome as a trial at first instance (as opposed to a mediation, which is not binding).

    But the arbitration decision must surely be appealable to the Court of Appeal
     
    #27
  8. Steelmonkey

    Steelmonkey Well-Known Member

    Joined:
    Apr 11, 2011
    Messages:
    22,894
    Likes Received:
    43,813
    And Leicester, but whilst they are still in the PL the EFL can't touch them. I would imagine Wolves will be up **** creek if they don't make it up this season....
     
    #28
    kiwiqpr likes this.
  9. ELLERS

    ELLERS Well-Known Member

    Joined:
    Aug 17, 2011
    Messages:
    22,785
    Likes Received:
    11,186
    Sadly we won't under the current manager. We wasted 2 great chances while we were there.
     
    #29
    qpherts and Didley Squat like this.
  10. Didley Squat

    Didley Squat Well-Known Member

    Joined:
    Aug 20, 2012
    Messages:
    24,884
    Likes Received:
    59,406
    If we had a manager who could get us right up the leaderboard, we could tell the FA to stick the fine up their jumpers, declare bankruptcy, suffer the points deduction ........... and still manage to stay in the Championship.

    Its all Holloways fault!
     
    #30
    kiwiqpr likes this.

  11. peter1954qpr

    peter1954qpr Well-Known Member

    Joined:
    Mar 22, 2011
    Messages:
    3,848
    Likes Received:
    2,406
    So we may end up in administration points deductions sell the 2/3 players that have any value and end up relegated, oh happy days
     
    #31
  12. Sooperhoop

    Sooperhoop Well-Known Member

    Joined:
    Jan 26, 2011
    Messages:
    34,818
    Likes Received:
    26,934
    Come back Bernie & Flav, all is forgiven...:headbang:
     
    #32
  13. Lawrence Jacoby

    Lawrence Jacoby Well-Known Member

    Joined:
    Jul 27, 2017
    Messages:
    1,431
    Likes Received:
    949
    pay up and look big
     
    #33
  14. daverangers

    daverangers Well-Known Member

    Joined:
    Jun 30, 2011
    Messages:
    7,537
    Likes Received:
    8,301
    Sorry to point out the obvious, but the punishment for clubs in a bad financial position is to put them in an even worse financial position? That seems like a warped way of working in my book. Yes we've spent more than we should have, yes, we've been managed badly, but hitting us with a big fine will only make things worse. If the powers that be really cared about the state of football clubs, they'd install auditors/monitors who would look over the finances and give recommendations, even compulsory recommendations, about how to improve the situation.

    A fine will only make a bad situation worse and put more money in the pockets of the pot managed by The English Football League. I reckon we just say no, fight it in the hope we get promoted, then tell em to piss off with with their fine.
     
    #34
  15. rangercol

    rangercol Well-Known Member

    Joined:
    Mar 22, 2011
    Messages:
    35,807
    Likes Received:
    19,370

    Holy Christ!!
     
    #35
  16. rangercol

    rangercol Well-Known Member

    Joined:
    Mar 22, 2011
    Messages:
    35,807
    Likes Received:
    19,370
    Exactly.
     
    #36
  17. rangercol

    rangercol Well-Known Member

    Joined:
    Mar 22, 2011
    Messages:
    35,807
    Likes Received:
    19,370
    So, can some of the more brilliant minds on here (no, not you Strolls!) tell me whether this means we are going to go into administration and or get a points deduction?
     
    #37
  18. Lawrence Jacoby

    Lawrence Jacoby Well-Known Member

    Joined:
    Jul 27, 2017
    Messages:
    1,431
    Likes Received:
    949
    Flying High currently rrp £18.99 is being sold 3 for 2 at Waterstones but at a reduced price of £2.99 a copy
     
    #38
    Uber_Hoop and QPR Oslo like this.
  19. QPR999

    QPR999 Well-Known Member
    Staff Member

    Joined:
    Mar 26, 2011
    Messages:
    21,267
    Likes Received:
    18,014
    This from the Guardian, let's hope that they're right ...

    QPR relief at avoiding crippling FFP fine but still have to pay out £8m
    • Exclusive: Football League fine could have been £50m
    • QPR reduced their expenditure in 2013-14 by £22m


    please log in to view this image

    Queens Park Rangers were relegated from the Premier League in May. Photograph: Adam Holt/Reuter
    David Hytner


    @DaveHytner

    Tuesday 18 August 2015 16.36 BST

    Queens Park Rangers are set to avoid a crippling fine from the Football Leaguethat relates to the club exceeding financial fair play rules in 2013-14, with the punishment expected to be around a more manageable £8m.

    The Championship club’s figures for the period in question, which was their promotion season back into the Premier League, showed losses of £9.8m, although the chairman, Tony Fernandes, and the other shareholders wrote off a further £60m in loans. The manner in which they did so raised questions and they have been at the heart of the FFP discussions between the club and the Football League.

    For QPR the worst-case scenario was that the League did not accept the write-off and applied a fine based on them losing around £70m. The fine would have been one of more than £50m but discussions have been positive from the club’s point of view and they now expect to be docked around £8m.


    QPR have made a similar sum this summer following Raheem Sterling’s £49m move from Liverpool to Manchester City. Sterling began his career at QPR and when he left for Liverpool – in a deal initially worth £600,000 but potentially rising to £5m – the club negotiated a 20% sell-on clause that related to the profits from any subsequent sale.

    The details of how many of the add-ons Sterling triggered have not been made public but it is understood QPR received £8.8m after his transfer to City.

    QPR recorded losses of £65.4m in 2012-13 but they were able to show they reduced their expenditure in 2013-14 by £22m.

    Fernandes has argued the FFP rules were unfair on QPR, in that it was impossible for them to bring down their overheads to the required levels after their relegation from the Premier League in 2013.

    The squad have undergone radical surgery after their relegation to the Championship, with a number of high-earning players removed from the payroll. The director of football, Les Ferdinand, has overseen new signings but has refused to pay wages of more than £20,000 a week.

    Topics
     
    #39
  20. Steelmonkey

    Steelmonkey Well-Known Member

    Joined:
    Apr 11, 2011
    Messages:
    22,894
    Likes Received:
    43,813
    That article is dated 2015 999s.....we're doomed!!

    As someone once said on the politics thread - tell 'em to **** Off <laugh>
     
    #40
    NorwayRanger, kiwiqpr and rangercol like this.

Share This Page