No wonder TF isn't spending

[brightonr]

I know it's not "fashionable" to stick up for Arry.......but alot of this mess is Hughes and NW's...and the boards of course.
Thing is as far as we know they seem to be quite content with the debt so worrying about it is pointless.....I know I probably haven't put that very well, but don't know how else to put it.
As far as we know the owners are committed, building plans for the club infrastructure, (whether you agree with it or not) backs that supposition along with
the signing of younger players like Manning, Robinson etc.
The media love printing these type of things to just sensationalize the crazy world of football, with money gushing around, we are no different to 16 other clubs in the division that year
and by now teams in the championship too

With regard to the debt situation, I think it might be worth considering some facts.

Prior to the Briatore/Ecclestone takeover, QPR were in a state of financial ruin. It had no money and not much in the way of assets bearing in mind the playing staff at the time. Granted, it owned a stadium, but in excess of 50% of the value of that was owed to a dodgy Panamanian outfit and secured on the property.

QPR were unable to borrow any significant sums of money, which is hardly surprising. What organisation would lend to a business that is in that sort of state and losing money hand over fist each year?

Whilst I agree entirely that the level of debt is ridiculous, particularly when one considers what we are getting for it, people should stop worrying too much. The reality is, QPR never had anything to lose. QPR would have no debt, as it could not borrow money. If what people regard as our debt is lost forever, please bear in mind just whose money it was. And ask yourself if they are happy to wave goodbye to it so easily.

[Hitman34]

We have about 50 of them at the club, maybe we should get rid of some of them to cut costs?

Lets not forget, redcrapp is on 3-4mil per year himself.

[Kirill]

The owners can't win, as a club we can't attract players unless we pay silly wages.

The owners could have won easily if they adopted a more prudent fiscal policy from the outset. We would have probably hated their guts short-term, but by now we would be thanking them: at the moment of acquisition from Flavio and Co our debt was just around 10 or 20 million? In any case, the 100% guaranteed winning strategy to improve the position of QPR was to buy a just few inexpensive/young and promising players who are more greedy after success than wages. With them try and weather the PL storm. If we survived - great, then buy some more as prudently. If we got relegated - not a tragedy like today, because still we would be debt free + plenty money left over from the PL revenue to shine in the Championship. Win-win long term. But instead these #####s in charge of QPR are steering us towards financial ruin.

[MYU]

Lets not forget, redcrapp is on 3-4mil per year himself.

Get rid as well, cutting costs here.

[Hitman34]

Get rid as well, cutting costs here.

How could i forget

[Hubble]

The owners could have won easily if they adopted a more prudent fiscal policy from the outset. We would have probably hated their guts short-term, but by now we would be thanking them: at the moment of acquisition from Flavio and Co our debt was just around 10 or 20 million? In any case, the 100% guaranteed winning strategy to improve the position of QPR was to buy a just few inexpensive/young and promising players who are more greedy after success than wages. With them try and weather the PL storm. If we survived - great, then buy some more as prudently. If we got relegated - not a tragedy like today, because still we would be debt free + plenty money left over from the PL revenue to shine in the Championship. Win-win long term. But instead these #####s in charge of QPR are steering us towards financial ruin.

This is the truth.

[Greg1882]

Swansea , a club similar ish in stance/size/capacity to us yet they make a 21million quid profit whilst playing attractive football and having strikers like gomis and bony while we make losses of over 60 million quid . Really does highlight what a ####ing shambles we are

[Hitman34]

The owners could have won easily if they adopted a more prudent fiscal policy from the outset. We would have probably hated their guts short-term, but by now we would be thanking them: at the moment of acquisition from Flavio and Co our debt was just around 10 or 20 million? In any case, the 100% guaranteed winning strategy to improve the position of QPR was to buy a just few inexpensive/young and promising players who are more greedy after success than wages. With them try and weather the PL storm. If we survived - great, then buy some more as prudently. If we got relegated - not a tragedy like today, because still we would be debt free + plenty money left over from the PL revenue to shine in the Championship. Win-win long term. But instead these #####s in charge of QPR are steering us towards financial ruin.

spot on.

this is a clear case of owners who have no farking clue about football.

[Hitman34]

we are becoming the caterham of prem league football.

how long before coco bails on us. jezzz we need amit to step up to the plate now more than ever.

maybe he has already by not allowing more spending in this window.

[QPRDave]

With regard to the debt situation, I think it might be worth considering some facts.

Prior to the Briatore/Ecclestone takeover, QPR were in a state of financial ruin. It had no money and not much in the way of assets bearing in mind the playing staff at the time. Granted, it owned a stadium, but in excess of 50% of the value of that was owed to a dodgy Panamanian outfit and secured on the property.

QPR were unable to borrow any significant sums of money, which is hardly surprising. What organisation would lend to a business that is in that sort of state and losing money hand over fist each year?

Whilst I agree entirely that the level of debt is ridiculous, particularly when one considers what we are getting for it, people should stop worrying too much. The reality is, QPR never had anything to lose. QPR would have no debt, as it could not borrow money. If what people regard as our debt is lost forever, please bear in mind just whose money it was. And ask yourself if they are happy to wave goodbye to it so easily.

Good post brighton .......

[MYU]

He didn't know anything about Airlines but he got it to the top, which is actually funding this club tbh.

[Hitman34]

He didn't know anything about Airlines but he got it to the top, which is actually funding this club tbh.

yes, but the only thing going to the top here is the friggin debt.

training on waterlogged pitches etc etc.

as for his little airplanes his cabin crew staff were forced to wait three consecutive months for their pay checks. maybe all is not very rosey with air asia.

[QPRDave]

The owners could have won easily if they adopted a more prudent fiscal policy from the outset. We would have probably hated their guts short-term, but by now we would be thanking them: at the moment of acquisition from Flavio and Co our debt was just around 10 or 20 million? In any case, the 100% guaranteed winning strategy to improve the position of QPR was to buy a just few inexpensive/young and promising players who are more greedy after success than wages. With them try and weather the PL storm. If we survived - great, then buy some more as prudently. If we got relegated - not a tragedy like today, because still we would be debt free + plenty money left over from the PL revenue to shine in the Championship. Win-win long term. But instead these #####s in charge of QPR are steering us towards financial ruin.

If we are ruined then surely they are.....not Mittal obviously......As i say they seem committed for the long term

[hal9thou]

please bear in mind just whose money it was.

But that is the root of the problem. Irrespective of whose money went in, the indebtedness will be with the club when it all goes #### up. TF & Mittal and indeed any owner with a functioning brain is not going to have liability.

The thing that really flagged up the potential meltdown was the bank deal. That was a dark day.

Swansea , a club similar ish in stance/size/capacity to us yet they make a 21million quid profit whilst playing attractive football and having strikers like gomis and bony while we make losses of over 60 million quid . Really does highlight what a ####ing shambles we are

yup, and the worst thing is that it's all been so blindingly obvious for such a long time. Whenever I posted about prioritising development above all, because that is the way forward for small clubs, people just came back and said survival in the prem / promotion was all that mattered. What matters is sustainability, and guess what, you might even see some decent football.

[MYU]

If we are ruined then surely they are.....not Mittal obviously......As i say they seem committed for the long term

Not sure about this anymore, some on here are saying that Amit don't turn up anymore, and they are busy people.

Put yourself in their shoes, is a football club worth it?