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  • #31
    Originally posted by corbray View Post
    im dead hahaha
    you love those hashtags corby
    nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

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    • #32
      Originally posted by Hitman34 View Post
      this guy has a different take on it...................


      https://twitter.com/RuislipR/status/971393954045464576
      If i was going to believe anyone it would be a geezer with ten times less followers than me on twitter.

      Comment


      • #33
        Originally posted by Hitman34 View Post
        thanks 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.
        probably, 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.

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        • #34
          Originally posted by klonk View Post
          probably, 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.
          ok, 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
          nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

          Comment


          • #35
            Originally posted by klonk View Post
            i 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.
            Just 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?

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            • #36
              Originally posted by Hitman34 View Post
              ok, 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
              I liked him better when he was in Chic.

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              • #37
                Rather interestingly we have £4.3m of "assets under construction". I guess this must be related to the land we have on Old Oak Common and Warren Farm.
                nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

                Comment


                • #38
                  Must be added @Ruben_E_G is the only party that is currently lending the club money. £46m in all, an extra £12m in 16/17.
                  nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

                  Comment


                  • #39
                    Is interest on shareholder loans accounted for in the FFP assessment? Would seem odd if it were.

                    Comment


                    • #40
                      Originally posted by Undecided View Post
                      Just 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?
                      first 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 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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                      • #41
                        Originally posted by James1979 View Post
                        Is interest on shareholder loans accounted for in the FFP assessment? Would seem odd if it were.
                        does seem odd, but looks like it does - league work on Earnings Before Tax (as shown in the accounts) adjusted for costs relating to depreciation of tangible fixed assets, women's football, youth development and community development work. no mention of excluding financing costs and interest.

                        Comment


                        • #42
                          Originally posted by klonk View Post
                          first 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/
                          Ah ha right, I'm getting there. Many thanks for your help

                          Comment


                          • #43
                            Originally posted by Hitman34 View Post
                            you love those hashtags corby
                            hahaha they're one of my favourite things of the forum

                            Comment


                            • #44
                              I hope they throw the book at this lot too.

                              Comment


                              • #45
                                So in summary things/running of the club has improved at least off the pitch

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