QPR & FFP

[CasbahOwl]

QPR have this morning posted losses of £20M+ for the second consecutive season ....... No idea what this means or if it's even worthy of debate?

[Reesh]

Means they should be subject to a deduction potentially.

[Beaconowl]

That would be handy 

[Billysboy]

Surely that's  40 million plus over 3 years, arnt you only allowed 39 million?

[Tylluan]

QPR brokered a deal with the EFL to pay their last FFP breach fine off over a period of 10 years. 

They've missed at least the last 2 payments and have missed a 4 week deadline to pay up. they should be picking up a 10 point deduction for that alone. 

The new, possible, FFP breach might not come in until next season 

Edited February 20, 2024 by Tylluan

[Hirstys 12th Pint]

https://www.wearetherangersboys.com/forum/general/qpr-fans/2599891-points-deduction-incoming

[Tewksbury]

They're fine.

The built a new training ground or something like that.

They got some sponsorship money in Jan for stand naming too.

They also had a decent offer for Chair that they could have taken to balance the books if needed.

They're really going to struggle next season though 

[Reesh]

7 minutes ago, Tylluan said:

QPR brokered a deal with the EFL to pay their last FFP breach fine off over a period of 10 years. 

They've missed at least the last 2 payments and have missed a 4 week deadline to pay up. they should be picking up a 10 point deduction for that alone. 

The new, possible, FFP breach might not come in until next season 

Yeah I've read that they should be getting 10 pts already.....

[CasbahOwl]

According to companies house: -

2020 - £16,393,000

2021 - £4,114,000

2022 - £24,667,000

2023 - £20,337,000

 

That is a loss of £49,118,000 over the last three years 

[owl4ever1867]

If that had been Chansiri & Wednesday there would be a press conference before Saturday's game saying we've been hit with a 10 point deduction.

[Reesh]

Reading a bit more in depth on QPR it appears after add backs of certain costs they will fall under the £39m

[Reesh]

1 hour ago, Tewksbury said:

They're fine.

The built a new training ground or something like that.

They got some sponsorship money in Jan for stand naming too.

They also had a decent offer for Chair that they could have taken to balance the books if needed.

They're really going to struggle next season though 

Matters fuck all in accounts to May 2023.

[Tewksbury]

10 minutes ago, Reesh said:

Matters fuck all in accounts to May 2023.

Good point, well presented.

Just what I got from the QPR boards. The owners have said they're fine for FFP, they're still within it this season.

The extra losses all went on infrastructure, some spent on a stand and a new training facility. So they should be OK unless the EFL pulls the rug out like Everton.

[CasbahOwl]

Which years accounts will this be taken from when it’s eventually paid?

2 hours ago, Tylluan said:

QPR brokered a deal with the EFL to pay their last FFP breach fine off over a period of 10 years. 

They've missed at least the last 2 payments and have missed a 4 week deadline to pay up. they should be picking up a 10 point deduction for that alone. 

The new, possible, FFP breach might not come in until next season 

 

[Reesh]

1 minute ago, CasbahOwl said:

Which years accounts will this be taken from when it’s eventually paid?

 

It'll have been accounted for previous and laid on the balance sheet as a creditor.

[CasbahOwl]

5 minutes ago, Reesh said:

It'll have been accounted for previous and laid on the balance sheet as a creditor.

Cheers mate 👍

[Supercockle]

I see Chair has been sentenced to 1 year in jail. He’s been a decent player for them this season.