fernandes

[QPReuge]

I don't think i'm confused, its crystal clear to me.
Companies make losses as well as profits and in football it's usually the former. Unfortunately ours is uncomfortably large.
I like your simplification regarding bank balances, here's mine. If I owed various people a large sum of money I would sleep a little bit easier at night if I knew I was owed various sums by other people. On paper my debt wouldn't look any different, but the reality would be slightly different.
There might not be a whole page saying just that in bean counters monthly, but I'm sure you get my point.
As I said, like most people on here I don't think everything is fine and dandy when it comes to our finances, but they would be a damn sight worse without Nike and various other deals which are on the table

[Geng]

I don't think i'm confused, its crystal clear to me.
Companies make losses as well as profits and in football it's usually the former. Unfortunately ours is uncomfortably large.
I like your simplification regarding bank balances, here's mine. If I owed various people a large sum of money I would sleep a little bit easier at night if I knew I was owed various sums by other people. On paper my debt wouldn't look any different, but the reality would be slightly different.
There might not be a whole page saying just that in bean counters monthly, but I'm sure you get my point.
As I said, like most people on here I don't think everything is fine and dandy when it comes to our finances, but they would be a damn sight worse without Nike and various other deals which are on the table

sure, but we're losing 60m per year. 45m over five years means we'll be 228m in debt in a year's time, rather than 237m

hardly changes much does it?

(yes, I know the recent accounts relate to 11/12 rather than this year, and that we won't know about the impact of the Nike deal on the accounts until sometime in 2017. point still stands)

[Geng]

I don't think i'm confused, its crystal clear to me.
Companies make losses as well as profits and in football it's usually the former. Unfortunately ours is uncomfortably large.
I like your simplification regarding bank balances, here's mine. If I owed various people a large sum of money I would sleep a little bit easier at night if I knew I was owed various sums by other people. On paper my debt wouldn't look any different, but the reality would be slightly different.
There might not be a whole page saying just that in bean counters monthly, but I'm sure you get my point.
As I said, like most people on here I don't think everything is fine and dandy when it comes to our finances, but they would be a damn sight worse without Nike and various other deals which are on the table

and the finances *include* all these deals. you can't just cherrypick a good bit of commercial news and treat it differently. it'd make no sense if someone said "yeah our finances are great BUT WE NEED TO INCLUDE THE NEXT 2 YEARS OF BENAYOUNS WAGES!!!"

and whether we get promoted or not has a far greater impact on our finances than any sponsorship deal ever will.

[Geng]

Such a boring argument and even more boring with these statistics to prove a point. The people in charge of our club spend more than our debt on a wedding party. I do wish you would stop making up imaginary problems when they aint actually there, this isnt 1970, times change, there is no debt, we are a rich mans play thing and the rich men dont give a shite about how much they are spending. This clubs not in any financial trouble, but if you want to keep saying it, then do so, but it is boring.

this is one of my favourite WATRB posts ever. enjoy tellytubby land

oh and re: the "this isn't 1970" stuff, why don't you check out the dates of the links I posted. Max Griggs, the Rushden & Diamonds guy, is worth £160m. Didn't stop him selling off R&D and leaving them in the brown stuff once he decided he didn't fancy running a footy club at a loss anymore.

[Geng]

Weird how WATRBs thinks of "rich businessmen" as some sort of magical beings, motivated by entirely different things from everyone else.

You saw it in the "he'll be going through the contracts with a fine-tooth comb" nonsense freeseat and chums were spouting when Tango and Cash were signing all their mates. We saw it when everyone spent years jizzing all over Amit (for marrying a billionaire's daughter?). And we see it now.

[QPRDave]

Geng .....what's your position on the QPR board?......You seem to know it all.....Are you from this lsa site?...never heard of it but it sounds like a lot of "i know best posters" with a little tache and a pipe

[Geng]

I just have a clue about how the world works and I know how to use google. plus I know how to back up my points and engage with an argument, unlike the 'lol u r an idiot TF will never leave us!!!!1' responses coming up below

I'm aware of LSA but never posted there myself, no. WATRBs have me all to themselves.

[Kevin Mcleod]

this is one of my favourite WATRB posts ever. enjoy tellytubby land

oh and re: the "this isn't 1970" stuff, why don't you check out the dates of the links I posted. Max Griggs, the Rushden & Diamonds guy, is worth £160m. Didn't stop him selling off R&D and leaving them in the brown stuff once he decided he didn't fancy running a footy club at a loss anymore.

You sure, that bloke aint even worth our so called debt you keep, and keep and keep going on about , but you use him as an example to try to indorse youre deluded anti board propaganda. Love it . Ha ha.
His entire wealth is a night out to our big boys, stop worrying, we will never be left in the shite even if they ****** off, they will clear it.

[Geng]

You sure, that bloke aint even worth our so called debt you keep, and keep and keep going on about , but you use him as an example to try to indorse youre deluded anti board propaganda. Love it . Ha ha.
His entire wealth is a night out to our big boys, stop worrying, we will never be left in the shite even if they ****** off, they will clear it.

funnily enough Rushden is a slightly smaller club than QPR and thus my point was relative.

If you look up you'll probably see it flying around somewhere.

[QPRDave]

I just have a clue about how the world works and I know how to use google. plus I know how to back up my points and engage with an argument, unlike the 'lol u r an idiot TF will never leave us!!!!1' responses coming up below

I'm aware of LSA but never posted there myself, no. WATRBs have me all to themselves.

Lucky us

[casuallyqpr]

i havent read the link but did he spend what we have spent?

or is it all relative to the size of the 2 clubs mentioned?

[Hitman34]

chris wright mark II.

Personally, i think tony will bail before this club sends him broke.

didnt he already threaten to walk away from his formula 1 team because they are doing fark all!

didnt he state last season something to the effect that he would go if we fail to stay up?

[Geng]

i havent read the link but did he spend what we have spent?

or is it all relative to the size of the 2 clubs mentioned?

point is the idea that rich people will never walk away from an investment is completely bonkers, and you don't even have to go outside football to disprove it.

Here's the relevant bit:

Max Griggs, a local businessman and owner of the shoe company Dr Martens, was supplying the cash and the magnificent Nene Park stadium complex arose.
The first manager of the newly formed club was Roger Ashby.
"The facilites at Nene Park were Championship level," he remembers. "It was like fantasy world really. Before we knew where we were, we had won one or two leagues and found ourselves in the Football League."
So what happened?
Six years ago, Griggs decided he could take Rushden & Diamonds no further with the club losing money every year.

He attempted to sell the club but was unsuccessful and instead gave the club, the land and a sizeable chunk of money to the Supporters' Trust.
The financial problems mounted and led to the supporters handing over control to businessman Keith Cousins who took charge of the club and the land four years ago.
Cousins did bring costs down but the club still ran at a loss and in December 2010 he gave the club, but not the land, to Gary Calder and Liam Beasant .
But Calder soon left and Beasant was joined by his father Steve. The financial problems dramatically worsened, the taxman came calling and recently the club was served a winding-up petition.

[Geng]

just to pre-empt the inevitable "yeah but he gave the club to the fans!" responses, the point is that his overspending left R&D with big debts and outgoings they couldn't remotely cover without continued support of a sugar daddy benefactor.

That's a situation we're now already in.

Look out for the circular logic that says TF must stay because we can't afford him to leave because he's spent so much money.

[Kevin Mcleod]

Why dont you use chelsea or citeh or liverpool or even man u as the flip side of the coin, instead of some poxy non league club and some English bloke who makes boots. Nah that wouldnt do to suit youre rubbishing act would it. LoL.