| FFP decision in - not good 14:01 - Oct 24 with 56005 views | Northernr |
Arbitration found in favour of the league, basically protecting its role as a lawmaker that can set the rules for its competition as it sees fit. It leaves QPR liable to paying the fine in full, £40m-£60m
https://www.qpr.co.uk/news/club-news/qpr-financial-fair-play-dispute/
The club will be launching an appeal against this which will basically drag the whole thing on for another two years or so. They've a good chance in that, on the grounds of proptionality - you can fine HSBC £1.4bn but you can't fine the local Spar Shop the same amount for the same offence. Basically leaves the whole club, everybody that works there, the training ground development and us supporters in limbo for another two years. But yeh, at least Harry won us a promotion right?
Hopefully critics of Ferdinand, Hoos, Holloway, even Hasselbaink, and basically everybody that's been left to clear up the mess left by Hughes, Redknapp, Beard and most of all Fernandes previously now appreciate what a fcking tight spot they're all in.
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| FFP decision in - not good on 16:29 - Oct 24 with 3317 views | barbicanranger |
What a mess both from the club and the FL. It's the cherry on top of those terrible years of overspending and "bad sorts" at the club. Not to mention what is the purpose of FFP, infinite examples of equal or worse losses yet it's us that gets this fine (not saying our spending that year wasn't out of control). [Post edited 24 Oct 2017 16:29]
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| FFP decision in - not good on 16:33 - Oct 24 with 3287 views | Ferdy |
Well surely common sense will prevail. Yes we broke the rules. Yes we should be punished. But effectively putting the club out of business will not suit anyone.
As the rules have changed I would have thought a decent lawyer will be able to prove that the punishment initially imposed by the EFL does not fit the crime and serves no purpose.
I would have though an embargo or points deduction would have been a better punishment, if the EFL are truly worried about overspending that is. | | | |
| FFP decision in - not good on 16:34 - Oct 24 with 3280 views | Northernr |
It would be more sensible to apply the current rules retrospectively. problem is, Blackburn and Forest were punished under the old rules, and in Blackburn's case it led to them being relegated, so they'd be able to come looking for some serious compo if the league let us off.
It's a complete mess. | | | |
| FFP decision in - not good on 16:35 - Oct 24 with 3278 views | Ferdy |
I suspect that the football league may also be a little embarrassed and secretly enjoying this after the Faurlin saga a few years ago. | | | |
| FFP decision in - not good on 16:35 - Oct 24 with 3278 views | robith |
ANNOUNCE RAVEL PHILDO, FFS WHEN ARE YOU GOING TO ANNOUNCE RAVEL [Post edited 24 Oct 2017 16:36]
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| FFP decision in - not good on 16:37 - Oct 24 with 3259 views | CliveWilsonSaid |
That's what I think. The inequality is laughable. Also I think i'm right in saying that if we were to get promoted in the meantime then whilst in the premier league we can't be fined. Which makes it even more dumb. Does the football league really want to be seen as a shark pit for teams falling out of the premiership?
What does worry me is that because we're QPR they're going to try to make an example of us and I'm not sure too many people outside the club would care. | |
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| FFP decision in - not good on 16:38 - Oct 24 with 3258 views | vanrrrr |
balls.
could this possibly mean that Fernandes et al sell up, new owners come in and as part of approval do a backroom deal with FL to settle outstanding claims? clutching at straws a bit but another two or three years of penury may not appeal to foreign backers who may have been looking a a quick profit or a mega stadia/complex in West London..?
This way club gets back on a solid footing ( assuming new owners not mentalists), FL can claim enforcement and Fernandes etc can get an exit. | | | |
| FFP decision in - not good (n/t) on 16:41 - Oct 24 with 3227 views | RANGERS4EVER |
Hard to say Wolves as an example considering this is their first real big spending season, they are doing very well, and we don't really know anything about their financial gain/loss. Just because they spent a bit of money doesn't mean they are exactly breaking rules.
We did break a rule, however still seems a bit of a stitch up. £60m? f*ck me, bankrupting a club under a rule called 'FINANCIAL fair play' seems a bit ridiculous | |
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| FFP decision in - not good on 16:44 - Oct 24 with 3196 views | colinallcars |
I would prefer demotion rather than a fine. It wouldn't be so bad....no more Sky TV, no more international breaks, no more scumbags like JET or Caulker. | | | |
| FFP decision in - not good on 16:50 - Oct 24 with 3142 views | Ferdy |
That would be sensible but this Harvey character at the EFL looks like an absolute helmet.
I think the old undisclosed settlement would work best for everyone although i'm sure it would have to be included in the year end financial results.
Total shambles. | | | |
| FFP decision in - not good on 16:53 - Oct 24 with 3132 views | smegma |
I'm sorry but could you translate that into English please ?? | | | |
| FFP decision in - not good (n/t) on 17:03 - Oct 24 with 3048 views | Northernr |
Wolves are basically doing what we did - ignoring the rules and gambling. If you get there, and stay there, it's fine - as Leicester and Bournemouth. If you miss, or come back, it's not fine, as us and Blackburn are finding. Sheff Wed are next if they don't go up this year, they've smashed the rules over the last two seasons and it's now judged on a rolling three year basis so they'll be getting hammered next year if they don't go up this. | | | |
| FFP decision in - not good on 17:03 - Oct 24 with 3048 views | TacticalR |
Is this what Holloway meant back in July?
"QPR Fans don't know that the bomb has gone off"
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| FFP decision in - not good on 17:11 - Oct 24 with 3004 views | Northernr |
No. Club only found out this decision in last few days. | | | |
| FFP decision in - not good on 17:12 - Oct 24 with 2992 views | PunteR |
Flying High..  | |
| Occasional providers of half decent House music. |
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| FFP decision in - not good on 17:16 - Oct 24 with 2967 views | Hooped_Pullie |
Rolling down to the appeals process, it is very hard to see how the powers that be could sanction a £60 million pound fine AND wave through a £60 million debt-to-equity writeoff as well - hope there for the overturning.
Incidentally (and apologies if this has been covered elsewhere) but there's a very good article on the Pozzo's Watford FC masterplan appeared on the BBC Sport website today. Well worth a read. | | | |
| FFP decision in - not good on 17:21 - Oct 24 with 2942 views | Mytch_QPR |
Since when did QPR and profit ever get mentioned in the same sentence? The club has been a bottomless pit and a new stadium is pointless if we don't have the fans to fill it. | |
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| FFP decision in - not good (n/t) on 17:21 - Oct 24 with 2942 views | switchingcode |
Where do you get this information regarding Wolves and Sheffield Wednesday. | | | |
| FFP decision in - not good on 17:25 - Oct 24 with 2915 views | WatfordR |
Who exactly is being fined here? If it is the owners of the club (still QPR Holdings Ltd?) then could they appeal the decision and in the meantime transfer ownership of the club to a new limited company? Would the new company still be liable if the appeal was lost? | | | |
| FFP decision in - not good on 17:25 - Oct 24 with 2915 views | WrightUp5hit___ |
While the redoubtable Lee Hoos has announced that the club will appeal the decision, and my while memory isn't quite what it was, my recollection was that this was going to be binding arbitration. | | | |
| FFP decision in - not good on 17:28 - Oct 24 with 2895 views | switchingcode |
Meant to read Buy your own | | | |
| FFP decision in - not good (n/t) on 17:30 - Oct 24 with 2882 views | Northernr |
Looking at who they've bought, how much they've spent, and what their turnover is with my eyes. | | | |
| FFP decision in - not good on 17:31 - Oct 24 with 2877 views | hoopdog |
What can the EFL do if we refuse to pay ? Drum us out of the league to what level ? [Post edited 24 Oct 2017 17:34]
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| FFP decision in - not good on 17:32 - Oct 24 with 2867 views | Northernr |
Well technically if we just said we're not paying then we wouldn't get fixtures for next season and we'd have to apply to a non-league level for re-admission. That's a bit of an extreme scenario though. | | | |
| FFP decision in - not good on 17:35 - Oct 24 with 2849 views | Ferdy |
We are assigned either Trevor Kettle or Gurnham Singh as our permanent officials. | | | |
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