| transfer embargos... on 21:19 - Apr 6 by daveB |
The last 4 years have nothing to do with any punishment from the EFL, that has been us trying to cut the losses and trying to run a stable club
The fine was £17million not 41 million and the repayments every year we are told is by the owners meaning the club are not handicapped every season
I think our losses for that season were something like £190 million so original rules were a £1million fine for every £10million lost hence the original fine being so big at around 80 million which was reduced in the end
This report sums it up well
https://www.westlondonsport.com/qpr/football-qpr-ffp-questions-answered [Post edited 6 Apr 2021 21:21]
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Yep, that article does sum it up.
"There will also be a capitalisation of almost £22m of directors’ loans by the club’s owners, namely co-chairmen Ruben Gnanalingam, who is now majority shareholder and for some time has had a hands-on role in the running of the club, and Tony Fernandes".
"And a £17m fine, plus £3m costs and a £22m capitalisation, puts the total figure at £42m"
The £22m mentioned in here formed part of the fine. The EFL actually acted in our favour by telling the owners that they could not continue with the £22m as club debt and made them put that cash back into the club. So, £42m.
As I said, the fine was in line with the rules we signed up to, but are not and have never ever been proportionate to the size of the club.
Bottom line is that, if football wants to sort this sort of mess out, they must reduce the gap between the finances between the top leagues in this country. Not gonna happen. |  |
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