Good Study Now Of Accounts..QPR Fc Profit..QPR holdings Loss

[Receed R]

wonder who has the "small effergy"

cant say i have that problem

[toboboly]

Pete,

Remind me which part of Southampton FC went into admin......Oh....yeah....thats right it was the holding company, it was deemed part of the club.

I'm afraid you're not fooling anyone. This club is losing money hand over fist and a large part of that is down to the dire players brought in on loan and permanently and the crazy contracts given to some.

Also can you explain why these accounts say Quashie was brought in when he came during the 2010 transfer window whereas these accounts are for the period up to and including May 31st 2009?

[bushcelt1]

Pete,

Remind me which part of Southampton FC went into admin......Oh....yeah....thats right it was the holding company, it was deemed part of the club.

I'm afraid you're not fooling anyone. This club is losing money hand over fist and a large part of that is down to the dire players brought in on loan and permanently and the crazy contracts given to some.

Also can you explain why these accounts say Quashie was brought in when he came during the 2010 transfer window whereas these accounts are for the period up to and including May 31st 2009?

interesting post

[Receed R]

Pete,

Remind me which part of Southampton FC went into admin......Oh....yeah....thats right it was the holding company, it was deemed part of the club.

I'm afraid you're not fooling anyone. This club is losing money hand over fist and a large part of that is down to the dire players brought in on loan and permanently and the crazy contracts given to some.

Also can you explain why these accounts say Quashie was brought in when he came during the 2010 transfer window whereas these accounts are for the period up to and including May 31st 2009?

accounts say we turned a profit last financial year

do keep up

perhaps you should get your american buddy to disect the intresting bits before issuing statements that are not factual

[toboboly]

HA9, try and keep up with the adults.


Pete,

Remind me which part of Southampton FC went into admin......Oh....yeah....thats right it was the holding company, it was deemed part of the club.

I'm afraid you're not fooling anyone. This club is losing money hand over fist and a large part of that is down to the dire players brought in on loan and permanently and the crazy contracts given to some.

Also can you explain why these accounts say Quashie was brought in when he came during the 2010 transfer window whereas these accounts are for the period up to and including May 31st 2009?

[Receed R]

HA9, try and keep up with the adults.


Pete,

Remind me which part of Southampton FC went into admin......Oh....yeah....thats right it was the holding company, it was deemed part of the club.

I'm afraid you're not fooling anyone. This club is losing money hand over fist and a large part of that is down to the dire players brought in on loan and permanently and the crazy contracts given to some.

Also can you explain why these accounts say Quashie was brought in when he came during the 2010 transfer window whereas these accounts are for the period up to and including May 31st 2009?

you and your american buddies really are something else

[toboboly]

Try and keep up mate. You can do it, your a gold sticker boy I'm sure of it,


Pete,

Remind me which part of Southampton FC went into admin......Oh....yeah....thats right it was the holding company, it was deemed part of the club.

I'm afraid you're not fooling anyone. This club is losing money hand over fist and a large part of that is down to the dire players brought in on loan and permanently and the crazy contracts given to some.

Also can you explain why these accounts say Quashie was brought in when he came during the 2010 transfer window whereas these accounts are for the period up to and including May 31st 2009?



And Pete, if you are going to look at the accounts in depth then I think this post from Foxy on Loft for Words is a good one to start at, here it is in it's entirety;


"Mr Foxy 22:39 Mar 4th

We lost £19 million last year!!!!

Right, as a trainee part-qualified accountant I've tried to sum up what I can see from these accounts, and hopefully be helpful by doing so!

At 31 May 2009 Queens Park Rangers Athletic and Football Club Limited made a profit after tax of £418,000, up from £98,000 the previous year. The turnover more than doubled from £9.5 million to £20.1 million, and we made a gross profit of £200,000 in 2009 in comparison to a gross loss of £2 million in 2008.

Our current asset position stayed at around £2.3 million and shareholder funds in reserve stood at £8.9 million.

Right, now for QPR Holdings Limited....

Turnover has increased to £14.8 million from £9.2 million, but the gross loss has soared from £4.8 million to £10.8 million, and the operating loss after tax is £18.8 million, TREBLE that of 2008 which was £6 million.

However that is for the QPR Holdings Limited Group as a whole, and QPR Holdings Limited itself has chosen not to publish its own profit and loss account under a section of the Companies Act 2006 which allows it to, which would suggest that they dont particularly want to show it (wonder why )

As for the balance sheet, the group has net current liabilities £12.8 million, and net liability of £5.7 million. Our net asset ration is 0.83/1 - basically we have 83p's worth of asset to cover every £1 of liability - not good.

This also means we have a negative balance sheet of £5.7 million. Again not good, this basically means the company needs to be able to prove it can continue as a going concern (ie stay in businss for at least 12 months) to be able trade solvently.

As for what this means about QPR FC...well QPR FC is under the ownership of QPR Athletic and Football Club Ltd, the one that made a profit, but QPR Athletic and Football Club Ltd is owned by QPR Holdings Limited so if that does go belly up the Football Club goes with it.

I'm a trainee accountant so I cant say I have specialist expertise knowledge as such as I'm only part-qualified, but this is the understanding I'm reading from these accounts!

However, whilst at work the other day I was looking at the filing history of QPR, and in the summer of 2007 our auditors resigned. Now, auditors only resign if they have a serious reason to, which has to be disclosed in writing. This can include them suspecting something iffy is going on that shouldn't, or if the company is just being rubbish and not providing information etc on time.

Unfortunately I dont have the remit to go spending my firms money on things that dont relate to it, but it would be very interesting to know why the auditors resigned....unless perhaps it was insisted as part of FB's takeover that they choose a new firm of auditors.

Sorry its all a bit long, but I hope it helps!"


Here's the link http://www.clubfanzine.com/QPR/v2.fo...0514&page_no=2

[bushcelt1]

The big question is will we win on saturday??? Forget what we owe and who to.....its about neil-3 points and staying up......from a building site worker who has been a fan for 35 years!! With the state of football at the min...just be glad we have "paid" compo to a team for a manager and will have money to spend in the future. We are being looked after by people that seem to care about our cub....be very grateful!!!

[Receed R]

The big question is will we win on saturday??? Forget what we owe and who to.....its about neil-3 points and staying up......from a building site worker who has been a fan for 35 years!! With the state of football at the min...just be glad we have "paid" compo to a team for a manager and will have money to spend in the future. We are being looked after by people that seem to care about our cub....be very grateful!!!

bushy spot on mate

unfortunately toboly mainly uses QPR Report's web****e which has an anti GP propaganda machine in operation 24/7

Funny really the chap who runs that particular site hasnt been to QPR since 1971

[Receed R]

Try and keep up mate. You can do it, your a gold sticker boy I'm sure of it,


Pete,

Remind me which part of Southampton FC went into admin......Oh....yeah....thats right it was the holding company, it was deemed part of the club.

I'm afraid you're not fooling anyone. This club is losing money hand over fist and a large part of that is down to the dire players brought in on loan and permanently and the crazy contracts given to some.

Also can you explain why these accounts say Quashie was brought in when he came during the 2010 transfer window whereas these accounts are for the period up to and including May 31st 2009?



And Pete, if you are going to look at the accounts in depth then I think this post from Foxy on Loft for Words is a good one to start at, here it is in it's entirety;


"Mr Foxy 22:39 Mar 4th

We lost £19 million last year!!!!

Right, as a trainee part-qualified accountant I've tried to sum up what I can see from these accounts, and hopefully be helpful by doing so!

At 31 May 2009 Queens Park Rangers Athletic and Football Club Limited made a profit after tax of £418,000, up from £98,000 the previous year. The turnover more than doubled from £9.5 million to £20.1 million, and we made a gross profit of £200,000 in 2009 in comparison to a gross loss of £2 million in 2008.

Our current asset position stayed at around £2.3 million and shareholder funds in reserve stood at £8.9 million.

Right, now for QPR Holdings Limited....

Turnover has increased to £14.8 million from £9.2 million, but the gross loss has soared from £4.8 million to £10.8 million, and the operating loss after tax is £18.8 million, TREBLE that of 2008 which was £6 million.

However that is for the QPR Holdings Limited Group as a whole, and QPR Holdings Limited itself has chosen not to publish its own profit and loss account under a section of the Companies Act 2006 which allows it to, which would suggest that they dont particularly want to show it (wonder why )

As for the balance sheet, the group has net current liabilities £12.8 million, and net liability of £5.7 million. Our net asset ration is 0.83/1 - basically we have 83p's worth of asset to cover every £1 of liability - not good.

This also means we have a negative balance sheet of £5.7 million. Again not good, this basically means the company needs to be able to prove it can continue as a going concern (ie stay in businss for at least 12 months) to be able trade solvently.

As for what this means about QPR FC...well QPR FC is under the ownership of QPR Athletic and Football Club Ltd, the one that made a profit, but QPR Athletic and Football Club Ltd is owned by QPR Holdings Limited so if that does go belly up the Football Club goes with it.

I'm a trainee accountant so I cant say I have specialist expertise knowledge as such as I'm only part-qualified, but this is the understanding I'm reading from these accounts!

However, whilst at work the other day I was looking at the filing history of QPR, and in the summer of 2007 our auditors resigned. Now, auditors only resign if they have a serious reason to, which has to be disclosed in writing. This can include them suspecting something iffy is going on that shouldn't, or if the company is just being rubbish and not providing information etc on time.

Unfortunately I dont have the remit to go spending my firms money on things that dont relate to it, but it would be very interesting to know why the auditors resigned....unless perhaps it was insisted as part of FB's takeover that they choose a new firm of auditors.

Sorry its all a bit long, but I hope it helps!"


Here's the link http://www.clubfanzine.com/QPR/v2.fo...0514&page_no=2

you words not mine

"This club is losing money hand over fist"

as is every other club is this country, i include prem clubs in this as well

toboly go back to the americans base as your not welcome here

[bushcelt1]

Tonite the end is near...good nighttttttttttt!!!

[Receed R]

night bushy

[oldhead]

would a debt of 20 odd million not be a loss in you small minded little world ha9 or whatever your calling yourself this month...........Still a cyber warrior i see......

[Receed R]

Oldhead have u read the accounts in full like i have

Clearly you have only read the attention seeking accounts of the usual suspects

the accounts clearly show we turned s profit of half a million last year, i know if doesnt suit your agenda to hear that but its in black and white for all to see

[davman]

The Spinmaster LIVES!

Come on then, let's celebrate the fact that the football side of the business made an ickle bit of money and ignore the Big picture rthat the Holding Company is almost in meltdown, shall we?

Maybe you need to remember than Southampton FC never went into Administration , that was their holding company.

You cannot separate the two and whatever way you spin this, the bare facts are (yet again) that the club is still failing to balance the books even whilst screwing us for more money on the gate.

Also, the accounts confirm that there's been little investment as the money has only been loaned to the club.

Now stop spinning and deal with those FACTS.