Originally posted by hal9thou
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Going up? The bad news...
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#standuptocancer
#inyourfacecancer
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Originally posted by hal9thou View PostMost of you will be aware of FFP and the degree to which our insane board merrily transgressed limits. Like our championship wage bill being higher than Champions League finalists Borussia Dortmund. Whatever you think about FFP, everyone in football knew that it was coming a long long while ago. We meanwhile carried on regardless, becoming in hock to Barclays PLC in the process.
And now sanctions have been announced: £50 million for Citeh and PSG. If we go up, we'll be in for a hit of around £30-40m, possibly more. If we don't, current income will effectively be halved along with an embargo.
FFP's legality is being challenged in the courts but it is my no means a gimme.
I said on here a while ago that for development reasons alone, going up (and the inevitable retention of Harry) might not be such a good thing. And now there is the financial sanction looming. Unless we have a spare £50m kicking around we might be better of spending a couple of more years down below building our team from the bottom up (with a young manager) instead of the top down. QPR are by far the club most vulnerable to financial meltdown if FFP kicks in, not least because we are already in £65m worth of debt.
What is the solution?
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In the fans forum last week T.F said that very little was owed to the bank around £10M the rest was what he called soft debt, which were to the shareholders, and that they were considering writing the debts off, also FFP wasn't a problem? And the clubs finances were ok even if not promoted this year.
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Originally posted by hal9thou View PostActually it will almost certainly be beyond their remit. This seems a sound legal opinion.
Dave - I was probably down LR while you were still having you arrrse wiped and have a life outside this forum - so unlike you I only post if something concerns me about the running of the club. It's called democracy. If you're interested in the club's long term future you shouldn't just assume the men in suits have it all in hand. Ask the supporters of one of Harrry's old clubs.
As for selling Remy and Taraabt - that's great if we have a creative mid field and an international strike force. Unfortunately however.....
Wish i had a life outside this forum like you..........worrying about stuff you can't do a thing about......hang on ....this is marshy again init...you sad t**t
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Originally posted by QPRDave View Postworrying about stuff you can't do a thing about......hang on ....this is marshy again init...you sad t**t
Anyway - there's a job to be done first. Fvck knows what'll happen if we go up but it can be done.Last edited by hal9thou; 08-05-2014, 09:47 PM.
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Another post based on absolutely nothing!
You're banging on about UEFA fines, nothing to do with FFP at league level. Also, seem to be forgetting the money Premier League clubs get! If we as you say, we get fined circa 40m, it's still a drop in the ocean of the overall annual income by playing in the Premier League.
FFP rules are nowhere near to being agreed either. We have next to no real debt.
Pull your head from the papers and trust a successful businessman man, who ironically is an accountant too!
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Originally posted by QPRDave View PostUnbelievable init?....
Btw hal9 The Mail reckon PSG will only get a £20 mill fine.....so you can have a worry about that now...Platini and his anti English leanings
The Solution?...How about we go into admin, get docked 200 points get relegated 4 divisions, then you probably wouldn't post here, and the FA and FFp bods will ignore us....that's a solution!
psg aren't disclosing much detail about their accounts, but they allegedly receive about £100m a year from the qatar tourist board for... well no one really knows, maybe some advertising around the pitch. it's really taking the peeesssss acounting wise and the legality of it is extremely dodgy. if they get fined £20m for that and we cop for £40-50m for a lower level of losses against much lower legit income, then the chances are he whole system won't stand up in a european court.
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If we go up and get a 30-40 million fine we will get around 100 mil just for going up. so thats the fine covered and money for transfers, debt, wages ect. However if we dont go up = no fine, no money from the prem or a little parachute payment that aint worth a w**k. transfer embargo with half a squad in contract. we will probably end up in the bottom half or even go down. so i'm all for going up and taking our chances. so we get fined, we will only get 60 mil instead of 100 mil. no brainer to me. if your'e that worried why dont you email the club for an explanation......... the rest of us have more pressing things to think about. UR'SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
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