We are now £25m in debt

[bushcelt1]

#### me sounds depressing!!

[Sharpy]

good news, they say

confident, Sufficient money will be made available in the future

so they are not worried

Well that makes it all right then i suppose.

[loneranger]

i wish burlington made "tube socks".

[Gtleighsr3]

i must be at least that the way my lot go through the readies.

[Youvebeenrangered]

What do u all care, ok so we have abit of debt, its taken care of, chillax and let the good times roll...

[James1979]

The 19 million loss is meaningless. We're bound to have that with our wage bill, low attendances and in league outside prem. At end of day, any money put in by any of owners to balance does not get counted through here as 19 mill is just the P&L. If debt has increased by 5 million but loss of 19 million....then someone's clearly helping us out!

[qpr]

How depressing

[rangersroar]

In the "old" days, chairman used to stump up the money themselves when buying players and paying wages. These days people like Briatore saddle the club with "loans" by themselves so in the end the club owe them the money. That to me shows that they do not have any real commitment towards the club, because as soon as they are bored, they want their money back and leave. Which can put the club in financial trouble. If you are frightened to lose your money, don't come into football, it's a non profit making business (for most clubs).

[Receed R]

GP inherited a club that was crippled by the ABC loan that was here before he came to the club

No surprise really the club is in this amount of debt

Instead of looking for scapegoats how about the author of this thread looks around the rest of the CCC and provides some comparasion on our debt vs others in our league

[oldhead]

And he increased the debt with his poor player deals......SPIN THAT ONE ..BOY....

[Receed R]

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.

spot on funky