Forum | And breathe... - Simon Dorset's annual deep dive into the accounts by Northernr

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And breathe... - Simon Dorset's annual deep dive into the accounts 15:41 - Feb 26 with 6334 views

Big thanks to Simon for crunching the numbers again...

And breathe... – Column 26th Feb 2025 15:36
QPR’s accounts for the 2023/24 season, which started with Gareth Ainsworth and ended with Marti Cifuentes, show a £13.5m loss, apparently just about squeaking the club under the FFP line for permitted losses over three years – Simon Dorset digs into the figures for LFW.

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:05 - Feb 27 with 360 views

NorrisGreen

I can't take the figures seriously. It screams of being done "backwards".... ie the max permissable loss is £13mil so that's the first number slotted into our "accounts". Then, chuck in loads of lines/numbers with fancy accountancy terminology that support the £13mil outcome and Bob's yer uncle. Oh well, I suspect EFL must have a tacit arrangement with clubs that amounts to "don't take the mickey and we'll rubber stamp it" and we play ball with that. Ultimately, if the EFL applied forensic, robust and stringent examinations of clubs' accounts, probably 80% of them would start new season on a points deduction I reckon.

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:49 - Feb 27 with 247 views

SimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 18:44 - Feb 27 by WatfordR
Re the FFP cost of living increase, is that an increase in the £13m annual permissable loss? And if so, do we know yet what that increase will be?

It is an increased allowance due to inflation. £2.5m

It currently applies only to this season (24/25) which will, or course, remain in the FFP calculation for the following two season. It would hardly be a shock if it became permanent.

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:55 - Feb 27 with 222 views

SimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 17:21 - Feb 27 by LongRanger

Simon/Clive, do we have any insight as to which of these 3 areas were identified as accounting opportunities by the Retexo audit and which were already planned by the previous management team? Also how we amortise spend and report depreciation can be a big factor in smart accounting, again has this approach changed since the Retexo audit? Sounds like Nourry has executed the plan pre/post January, but would be interesting to know if we're now seeing early stage output from the Retexo work?

I've voiced a big concern about Nourry before and it remains, I don't think he's the second coming he seems to think he is, but happy to be proven wrong, we'll find out for sure in about 3 years if he's the real deal, but potentially a good first step

I couldn't hand on heart say yes they were specifically brought in by Nourry, but I'm pretty sure we didn't do these things before he was on the scene.

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