We are now £25m in debt

[Sharpy]

£3.60p owed for Dowies

And he signed it for me.Shame the cheque bounced.

[ScottJones]

again net debt was 19 million in 2008

so i read this as a 5million increase???

which, if so, is less than i thought??

[Funky]

Most football clubs are in debt the 25 million we owe has mounted up over a period of years, we still have never really recovered from the dammage that Chris Wright did and exiting administration with a huge mortgage.

I find some peoples reaction to our mounting financial problems bizzare to be honest.

Firstly people want to see QPR going for the PL and we all know thats going to take investment in the team.

Others want to see the club run on a sound financial footing, which would mean flogging our best players and dropping down to League 1.

The reality is the truth has to be inbetween.

Some of the areas that our new board should be looked at is our youth policy which could long term save us a fortune in the transfer market.

Second we need to start filling Loftus Road again which means a total over haul of our season ticket policy.

Thirdly our transfer policy look through the lower leagues for top talent and develop them rather than squandering money on loan signings that dont really work out.

The appointment of Neil Warnock I hope will bring some much needed stability to the club and I am hearing some very positive rumberlings on the ST front so lets hope it's the dawn of an exciting new era at Loftus Road.

I'd also call for a little bit of perspective here's some PL examples.


The Premier League debt table Manchester United: £660m (At June 2008).
Liverpool: £350m (At January 2008).
Arsenal: £307m (At November 2007).
Fulham: £159m (At June 2006).

Fulhams current debt is 197 million I think if we were to get into the PL we would get pretty much the same sort of crowds.

In the Championship we are hardly an isolated case Cardiff City have debts approaching 34 million and lost 6 million this year and Leicester City are currently 23 million in debt.

I'm not saying that the level of our debt is not worrying but it does help when you have a multi billionaire on the board of directors.

Lets not panick but lets try and give the new board a chance to get things right, I have a feeling the debt is going to go up before it comes down though.

[qblockpete]

Debt raised by 5 million from 2008 to 2009

[qblockpete]

just putting it up as I am reading it!!

The increase is also made in some part in added interest.

This is the whole of QPR.

[ScottJones]

W12 makes some good points in another thread...but as i read it our debt simply (i say simply) increased by £5million..which is jack considering lower attendances, booting managers and the like and less than i expected if im honest.

[W12_Ranger]

Check me other post W12

I;ve posted all the accounts for people to have a gander at

Thanks had a quick scan, we haemaorraged money last financial period....wheres it all going???

[ScottJones]

Thanks had a quick scan, we haemaorraged money last financial period....wheres it all going???

Wages by the looks of it??

(could be wrong)

[qblockpete]

Made up of so many things.

I know you are focusing on the playing side, but investment in the ground, lower crowds have a knock on effect. Not sure football clubs can run at any kind of profit to be honest.

[qblockpete]

Scott, not even sure its a 5 million raise.

All after the year end may 2009

The shareholders raised

5 million in July 2009 plus 5.63 million October 2009 and January 2010 in secured debt financing from exisiting shareholders. That would put the estimated debt now at much lower than 25 million, dependent on what happens in next 12 months that will probably increase again.

How much is made by getting promoted?

[rmj1982]

total rubbish most debt was paid off our debt is know where near that proberly around the £13 million mark. abc loan is only about 5 million left to pay on that other debt is revenue remember we have lots of sponsorship and club partners, nothing to worry about looks more like sheff wed and watford could go into admin before the end of the month.

[Youvebeenrangered]

I would say that at this stage we are in a much better position than alot of clubs, plus our big man poo's 25million every morning before eating his cheerios.

[ScottJones]

total rubbish most debt was paid off our debt is know where near that proberly around the £13 million mark. abc loan is only about 5 million left to pay on that other debt is revenue remember we have lots of sponsorship and club partners, nothing to worry about looks more like sheff wed and watford could go into admin before the end of the month.

i like this bloke

[Hertford Hoop]

I would say that at this stage we are in a much better position than alot of clubs, plus our big man poo's 25million every morning before eating his cheerios.

[qblockpete]

good news, they say

confident, Sufficient money will be made available in the future

so they are not worried