QPR have told the BBC

[Nodge70]

Excatly how are you worried?

Short termism - clearly offering contracts that our income cannot support. We already run at a loss of £1.2m per month (accepting these may reduce slightly in the PL if wages and expenditure remain constant) Building up Portsmouth-esque long term problems if the money provided by Fernandes and/or Mittal are loans not "gifts".

[Ric-Roc]

They are no fools though Nodge & in that thinking alone I'm comfortable with it.

[MattyRangers]

Short termism - clearly offering contracts that our income cannot support. We already run at a loss of £1.2m per month (accepting these may reduce slightly in the PL if wages and expenditure remain constant) Building up Portsmouth-esque long term problems if the money provided by Fernandes and/or Mittal are loans not "gifts".

Although I agree with you Nodge, I do think we worry way too much about things we know nothing about. TF is constantly going on about how he is building for the future and so we should believe him and leave him and the board to worry about the financial side of things, they have it under control, us fans no nothing about our financial situation and funding, we should simply be enjoying the fact we have owners willing to show some ambition now

[Gerryhatrick]

Short termism - clearly offering contracts that our income cannot support. We already run at a loss of £1.2m per month (accepting these may reduce slightly in the PL if wages and expenditure remain constant) Building up Portsmouth-esque long term problems if the money provided by Fernandes and/or Mittal are loans not "gifts".

don't forget the minimum of £40 mill per year if we stay in the prem, which is money we never had as a championship club but with some players on prem wages, hence the losses. Plus I still think we were being fleeced for any fee they could dream up by T & C for a quich return. TF seems to be investing for long term.

[BuzsakyIsGod]

1055 FOOTBALL: QPR manager Neil Warnock rejects the claim that the signing of midfielder Joey Barton from Newcastle is a "done deal" but hopes to complete the signing this afternoon.

[Morris]

We get his medical results back today and if they are ok he will sign this afternoon.

[dpmd]

1055 FOOTBALL: QPR manager Neil Warnock rejects the claim that the signing of midfielder Joey Barton from Newcastle is a "done deal" but hopes to complete the signing this afternoon.

Sounds a BIT more promising...

[Shania]

Short termism - clearly offering contracts that our income cannot support. We already run at a loss of £1.2m per month (accepting these may reduce slightly in the PL if wages and expenditure remain constant) Building up Portsmouth-esque long term problems if the money provided by Fernandes and/or Mittal are loans not "gifts".

I see. I thought those days were gone. Hope so.

[stainrodisalegend]

Nodge I know exactly where you are coming from but a key difference is the owners - Pompey was passed around from one bunch of charlatans to another. One owner it turned out had absolutely no assets at all. Fernandes is less of a known quantity - though has played a blinder so far - but simply can't see the Mittels walking away with such a high profile commitment leaving it mired in debt and facing bankruptcy. Anything it would save them at QPR would be more than lost by the damage to their corporate reputation.

[qpr]

I'm just busting a gut for Joey to sign. Once 1 good player comes in more should follow ( ... Shaun Wright Phillips ... )

[Nodge70]

Nodge I know exactly where you are coming from but a key difference is the owners - Pompey was passed around from one bunch of charlatans to another. One owner it turned out had absolutely no assets at all. Fernandes is less of a known quantity - though has played a blinder so far - but simply can't see the Mittels walking away with such a high profile commitment leaving it mired in debt and facing bankruptcy. Anything it would save them at QPR would be more than lost by the damage to their corporate reputation.

Most of Pompey (and to a different extent, West Ham's) problems were generated when EVERYONE knew the owners (Mandaric/Gaydamak and Brown/Eggertsson) the owners that came after were just shuffling the debt. Both were generated from simply overspending. At one point, Pompey's playing staff wage bill alone reached 118% of turnover under Gaydamak's tenure!

I would like to hear the long term sustainability and financial structuring plans at some point. They are important and can't dismissed in the bubble of the current positive noises. I know TF and AB are excellent well respected businessman but we've been led such a merry dance by board after board from the Chris Wright days, so just a statement saying "don't worry everything is sorted" needs to have some substance behind it.

Stadium
Loans
Sustainability

Trust but verify

[singingranger]

Nodge,

Very surprised at you mate, this is a different ball game now with a longer term view, obviously some short term danger money put a side that can be written off worst case along with a one time charge that can be implemented in the p&l to clear the dead wood.

[Nodge70]

Nodge,

Very surprised at you mate, this is a different ball game now with a longer term view, obviously some short term danger money put a side that can be written off worst case along with a one time charge that can be implemented in the p&l to clear the dead wood.

Eh?

We can't sustain a long term Premier League existence paying a squad of players like Barton seven figure signing on fees and £50k a week in wages on our current turnover without incurring further substantial debt. The turnover has to substantially increase (could well be through sponsorship, stadium naming rights, writing off previous loan/debt etc) but we've just announced a spectacular DECREASE in our future season turnover by reducing ticket prices. Excellent PR sure, but sustainable?

My questions are around the longer term plans and the status of the investment - nothing has been mentioned about this aside an off the cuff comment saying "everything is sorted" - similar to Gianni's "sailing in safe waters". At the moment, NOTHING makes any financial sense. People were saying the "different ball game" bit when Briatore and Ecclestone rocked up.

These can't simply be airbrushed aside. We've been through too much in the past 15 years.

[stainrodisalegend]

Most of Pompey (and to a different extent, West Ham's) problems were generated when EVERYONE knew the owners (Mandaric/Gaydamak and Brown/Eggertsson) the owners that came after were just shuffling the debt. Both were generated from simply overspending. At one point, Pompey's playing staff wage bill alone reached 118% of turnover under Gaydamak's tenure!

I would like to hear the long term sustainability and financial structuring plans at some point. They are important and can't dismissed in the bubble of the current positive noises. I know TF and AB are excellent well respected businessman but we've been led such a merry dance by board after board from the Chris Wright days, so just a statement saying "don't worry everything is sorted" needs to have some substance behind it.

Stadium
Loans
Sustainability

Trust but verify

You are right that most fans are too tempted to say "finance. Boring. Bring in some more star names" and this can lead to massive trouble. But in fairness to the current board they were left in such a hole by the previous regime that they have to panic buy unless they are prepared to go down and rebuild again next time round. The choice really is that stark. Also given our fanbase, stadium size etc if we were to try to do it organically we would probably have to go down to League 1 and even then I can't see that being a very promising way to grow the brand and get new fans. Fully accept this is a risky venture but prefer it to any of the alternatives.

Interested in your remark about how the Barton move has "set the cat among the pigeons" at Prem clubs. Who are talking about it, and what do they think this means for QPR in the Premiership?

[singingranger]

Lol - chill bud, Amit is back we don't know Tony but he talks the talk.

Asia, new ground, Academy etc, you know we can't break even for 5 years but all of this I'm sure is the bigger picture at least, I have no issue with us getting into further debt with the Mittals as I know it will be sustainable, 2 of my mates are working for man city in the mid east - they want to break even within 5 years of launch - this knocked me off
my chair, that isn't possible.

A couple of big signings are needed, despite all the long term planning shorter term we need to stay in this division, especially for Asia.

I'm in vegas at the moment so have missed a lot of what's going on is this a genuine possibility?