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Post by West Acton on Jul 11, 2023 15:56:08 GMT
In fairness to the club no other side is paying off a 40mil fine so I personally give them some slack on the FFP front.
If they had not been fined perhaps they would be minded spend more they certainly would not have past experience as an excuse.
If they did ignore FFP and got fine again or docked points I guarantee there would be uproar in the fanbase saying not learned, stupid cunts etc
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Post by Greg1882 on Jul 11, 2023 16:03:32 GMT
In fairness to the club no other side is paying off a 40mil fine so I personally give them some slack on the FFP front. If they had not been find perhaps they would be minded spend more they certainly would not have past experience as an excuse. If they did ignore FFP and got find again or docked points I guarantee there would be uproar in the fanbase saying not learned, stupid cunts etc Personally I feel that they fucked it so they suffer the consequences. The fans shouldn’t suffer as a result of their incompetence plus the fine doesn’t come out of ffp so they can’t even use that excuse. The reason we haven’t got any head room is because of poor recruitment , not selling when they should because they listen to fans instead of running a business in a professional manner and giving contracts out to players like Clarke salter who can’t even manage 20 minutes in a nothing friendly, roberts last year who came with an awful injury record and Richards who was injured when he signed. We piss away our money on people who give absolutely nothing in return. We also run with over 40 more footballing staff members than Millwall for example. What has Ramsay produced for the first team? What does Paul hall do? Giving 8 years and a healthy wedge to someone learning on the job because he used to play for us but has absolutely zero qualifications for the role. It’s fucking ridiculous. |
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Post by Stanley75 on Jul 11, 2023 16:07:34 GMT
In fairness to the club no other side is paying off a 40mil fine The fine was reduced to 17mil and was also allowed to be paid off over 10 years. Its repayments are also not taken into account when calculating the club's future P&S, meaning that compliance with FFP in the future won't be impacted by the fine. |
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Post by West Acton on Jul 31, 2023 16:08:24 GMT
Interesting
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Post by gtleighsr3 on Jul 31, 2023 16:25:12 GMT
In fairness to the club no other side is paying off a 40mil fine The fine was reduced to 17mil and was also allowed to be paid off over 10 years. Its repayments are also not taken into account when calculating the club's future P&S, meaning that compliance with FFP in the future won't be impacted by the fine. 1.7 million a year in a club our size is easy to find |
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Post by West Acton on Aug 4, 2023 8:18:09 GMT
Surely can’t be right or fair for others in league. Smells fishy
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Post by sparks on Sept 7, 2023 16:56:12 GMT
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Post by 2Loftus on Sept 29, 2023 10:29:10 GMT
Our owners cop quite a bit of mistrust and flak. But they have paid for their mistakes of a few years back, kept us afloat and (seemingly) secure.
Just picked these snippets in the last day or two on Twatter:
Reading FC
Relegated from the Championship last season. Now 22nd in League One are fighting relegation to fourth tier amid fears for their existence:
Docked 16 points in recent seasons
£191m losses
EFL losing patience with owner Dai Yongge
Supporters stepping up action
Sheffield Wednesday
Owner Dejphon Chansiri statement yesterday:
“I will not inject any more money into the club if I am being treated unfairly.
“Those fans who create trouble to the club and myself and believe that they are the real owner of the club need to be responsible for the financial matters of the club from now on.
“If they can take such financial responsibility to save the club and they believe that I am not the right owner, they may propose any buyer who I believe can operate the club for the benefit of all stakeholders going forward.”
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Post by gtleighsr3 on Sept 29, 2023 11:17:18 GMT
Reading deep in shit
Sheffield wed owner having a meltdown saying he putting 24 million a year just to keep afloat. Be 5-10 teams gone by end of decade if not more way it going
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Post by Stanley75 on Sept 29, 2023 11:23:01 GMT
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Post by spongeparr on Sept 29, 2023 11:34:20 GMT
Our owners cop quite a bit of mistrust and flak. But they have paid for their mistakes of a few years back, kept us afloat and (seemingly) secure. Just picked these snippets in the last day or two on Twatter: Reading FCRelegated from the Championship last season. Now 22nd in League One are fighting relegation to fourth tier amid fears for their existence: Docked 16 points in recent seasons £191m losses EFL losing patience with owner Dai Yongge Supporters stepping up action
Sheffield WednesdayOwner Dejphon Chansiri statement yesterday: “I will not inject any more money into the club if I am being treated unfairly. “Those fans who create trouble to the club and myself and believe that they are the real owner of the club need to be responsible for the financial matters of the club from now on. “If they can take such financial responsibility to save the club and they believe that I am not the right owner, they may propose any buyer who I believe can operate the club for the benefit of all stakeholders going forward.” The Reading one still amazes me as they made it so clubs can't bring big follwings. They could have had double the away fans at at least a 3rd of their games. That must be around £1m, if not more, missed just so that they can have a new singing section there. Wouldn't fix them but it's still a step in the right direction. |
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Post by 2Loftus on Sept 29, 2023 12:10:24 GMT
Reading deep in shit Sheffield wed owner having a meltdown saying he putting 24 million a year just to keep afloat. Be 5-10 teams gone by end of decade if not more way it going Similar to us, though I guess the debt is spread across several owners with us. |
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Post by gtleighsr3 on Feb 12, 2024 17:06:44 GMT
Some talk we could get a points deduction according to some qpr fans on their forum💁🏼♂️
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Post by BrightonR on Feb 12, 2024 19:14:10 GMT
Which forum?
Should be in “Prick of the decade” on this one.
What is wrong with these people?
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Post by Shania on Feb 12, 2024 19:17:02 GMT
Wasn`t it a discussion on WATRB`s some weeks ago?
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Post by 2Loftus on Feb 12, 2024 19:47:58 GMT
Don’t believe we’d have brought the players we did in January if there was any risk of FFP comeback.
Not worried.
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Post by gtleighsr3 on Feb 12, 2024 19:56:51 GMT
Sorry owlstalk
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Post by 1qprdk on Feb 12, 2024 20:18:27 GMT
Their quoting a month old post from watrb. 🤷♂️ |
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Post by Corbray on Feb 13, 2024 11:51:11 GMT
Their quoting a month old post from watrb. 🤷♂️ if it was reported on WATRB then its more likely the FA will instead award us additional points |
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Post by acricketer on Feb 13, 2024 13:21:36 GMT
What does anyone know about the new TV deal next season. Supposed to be worth about 12m I heard. We would only get it if we stay up.
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Post by 2Loftus on Feb 20, 2024 19:45:45 GMT
Helpful breakdown on Twatter of our latest accounts by Niall Rogers @nrogers959 as follows:
-----
Let the fun commence - I will try and keep this all on the same thread to make it easy to follow. So Year ending May'23, the season we finished 20th and held on to Championship status thanks to wins at Burnley and Stoke.
The headline figures are another large loss. In the context of being able to lose £39m over 3 seasons to lose £20m+ in one is reasonably bad, to do that 2 seasons running, not great and highlights the position we are in for the current season and why it is so tight financially.
It looks slightly better in that losses are down £4.3m from £24.669m to £20.337m and revenues up from £22.1m to £23.2m one of the first times revenues have risen and losses have fallen, usually they like to do things the other way around here.
The next important matrix to look at is the wages to turnover. In league 1 this has to be 75%, in the mad world of the Championship it is anything from 62% to over 200% in some cases. For QPR we are down from 125% to 106% so some improvement and heading in the right direction.
Looking at how much we as supporters spend at the club ticket income is around 25% of total turnover although slightly lower this year despite a higher average attendance.
Whilst on the subject of the Shareholders we all know about the changes in the boardroom, and although happening after the year-end we still get a breakdown of the new position. Fernandes sold his 26% stake to the existing shareholders with them taking it as follows....
Ruben - 9.07%
Amit - 6.04%
Reilly - 10.44%
This now gives us the following totals:
Total Soccer Growth (Ruben) - 59.93%
Sea Dream (Amit) - 18.96%
QPN NewCo (Reilly) - 20.96%
Others 0.15%
Final point really Profit & Sustainability (FFP) and where are we with that. Our rolling 3 year loss after this set of accounts is £49.572m with the requirement to be below £39m. We do however have a number of disallowable costs.
It is not an exact science to work out what they are, however with the building of the training ground, the money we spend on youth development as well as the £1.7m FFP settlement per year it is safe to say we can probably find £10m of expenses to knock off over 3 years.
The problem, as we have seen with the spate of sponsorships and lack of paying any fees for players, is this year when the very low loss from 2021 drops off the calculations.
We need to be at or near profit for this year. Once this season is done though a £23m loss drops off and we go again!
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QUESTIONS ON TWATTER:
I presume we are just inside FFP limit? Do you know?
It is close, but I think if you say £3 -£4m a year of disallowable costs we are there. With £1.7m of that being the FFP fine I don't think it is too big of a leap to say we are currently OK (JUST).
Does this mean we will be in trouble in a years time?
No. Things ease off next year as we lose the season we went for promotion under Warburton.
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Lastly, directors funded the club £24m last year (£2m a month). This year they have funded by £30m.
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Post by Ginger Ninja on Feb 20, 2024 21:41:42 GMT
Let's not expect any summer signings this year then!
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Post by 1qprdk on Feb 21, 2024 1:32:17 GMT
Let's not expect any summer signings this year then! Agreed. Expected nothing this January, and that went quite well. |
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Post by Shania on Feb 21, 2024 16:54:23 GMT
Simon Dorset seemed very worried about us and FFP on LFW.
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Post by croydoncaptainjack on Feb 21, 2024 17:49:53 GMT
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Post by croydoncaptainjack on Feb 21, 2024 17:51:28 GMT
Simons piece. He is more worried about the current year (i.e the year after the latest accounts that have just been posted) - However, as he points out, the fact that we bought new signings maybe suggests they have a little more room than we thought. The powers that be at the club are well aware of the restrictions.
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Post by stainrodisalegend on Feb 21, 2024 17:52:24 GMT
Simon Dorset seemed very worried about us and FFP on LFW. I normally find him very authoritative on this subject but I was left just totally confused by his latest article. My only takeaway from it was that he didn't understand how we could possibly be under the £39m over 3 year limit on spend but, as we did some business in Jan, unless the board are completely stupid we somehow must be - probably. So don't think the article took us forward at all really. |
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Post by Shania on Feb 21, 2024 18:25:52 GMT
Simon Dorset seemed very worried about us and FFP on LFW. I normally find him very authoritative on this subject but I was left just totally confused by his latest article. My only takeaway from it was that he didn't understand how we could possibly be under the £39m over 3 year limit on spend but, as we did some business in Jan, unless the board are completely stupid we somehow must be - probably. So don't think the article took us forward at all really. In our new Chief Executive we have to trust for now I guess. |
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Post by croydoncaptainjack on Feb 22, 2024 11:03:29 GMT
Simon Dorset seemed very worried about us and FFP on LFW. I normally find him very authoritative on this subject but I was left just totally confused by his latest article. My only takeaway from it was that he didn't understand how we could possibly be under the £39m over 3 year limit on spend but, as we did some business in Jan, unless the board are completely stupid we somehow must be - probably. So don't think the article took us forward at all really. Seems harsh Stains but then he is my mate so I am bound to defend him. The biggest problem is we do not know what the non FFP elements are that can be added back, nor the savings on wages of Les, CR etc. Si has assumed there was a bit more headroom created by that than he believed to be the case. Trouble is that info is not in the public domain. |
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Post by The General on Feb 22, 2024 11:20:41 GMT
Wage bill has reduced by 60%
from nearly 80 million to 24 million
That’s a good thing tbh
Surely the sale or Chair or Eze will sort
Out our figures for next year no ref ffp ?
Field also will be sold
This will have a huge impact on our Ffp
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