Originally posted by corbray
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Originally posted by Hitman34 View Postthis guy has a different take on it...................
https://twitter.com/RuislipR/status/971393954045464576
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Originally posted by Hitman34 View Postthanks for the clarification klonk. your additional point makes for happier reading too.
with regards to the bank loan, was that the 15mil loan that was taken out with barclays? if so, that should have been paid up by now.
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Originally posted by klonk View Postprobably, but not sure... there was £4m left to pay at 31 may 2017 and it needed to be paid off within a year of that date (that could mean at any point between 1 june 2017 and 31 may 2018), but can't tell you any more than that.
niall has just confirmed what you have been saying about the equity point.......
@nrogers959
Replying to @RuislipR
Just looked back at this. The interest on this loan was converted into equity with 7,486,367,000 shares being issued in relation to the outstanding shareholder interest. Teach me not to read the small print #qpr #qprfinancesnsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐
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Originally posted by klonk View Posti think it does...
2014-15 £45.7m
2015-16 £10.9m
2016-17 £6.4m
total £63.0m
...that said, under the original rules there were some costs which were exempt from the calculation (i think costs of youth development etc was one) - i don't know if that's still the case, but it could just bring us under if it still is.
If the total losses for the last 3 years was £63m and we are permitted £13m loss per season isn't that £39m over three years. Some expenses are excluded, so how do you find the expenses that are deducted from income to arrive at the loss that counts against FFP?
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Originally posted by Hitman34 View Postok, thanks Klonk
niall has just confirmed what you have been saying about the equity point.......
@nrogers959
Replying to @RuislipR
Just looked back at this. The interest on this loan was converted into equity with 7,486,367,000 shares being issued in relation to the outstanding shareholder interest. Teach me not to read the small print #qpr #qprfinances
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Originally posted by Undecided View PostJust when I thought I was getting this......
If the total losses for the last 3 years was £63m and we are permitted £13m loss per season isn't that £39m over three years. Some expenses are excluded, so how do you find the expenses that are deducted from income to arrive at the loss that counts against FFP?
second question is more tricky, because the ffp rules are really badly written, but i think we can exclude costs relating to:
- depreciation of tangible fixed assets (£1.5m in 16-17)
- women's football (£???)
- youth development (£???)
- community development work (£???)
almost certain that we'll have scraped under if this is correct.
rules are at part 2 of here: https://www.efl.com/-more/governance...y-regulations/Last edited by klonk; 07-03-2018, 06:13 PM.
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Originally posted by James1979 View PostIs interest on shareholder loans accounted for in the FFP assessment? Would seem odd if it were.
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Originally posted by klonk View Postfirst question: £13m is the allowed loss per championship season... in the prem, a club is allowed to lose £35m per season. because the first of the 3 seasons was in the prem the allowed loss is £61m (£35m + £13m + £13m).
second question is more tricky, because the ffp rules are really badly written, but i think we can exclude costs relating to:
- depreciation of tangible fixed assets (£1.5m in 16-17)
- women's football (£???)
- youth development (£???)
- community development work (£???)
almost certain that we'll have scrapped under if this is correct.
rules are at part 2 of here: https://www.efl.com/-more/governance...y-regulations/
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