| QPR finances released 09:45 - Feb 22 with 3133 views | Gloucs_R |
Niall does a fantastic job at explaining these... |  |
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| QPR finances released on 09:51 - Feb 22 with 3064 views | Hoopsie |
So can we sign a striker? |  |
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| QPR finances released on 10:07 - Feb 22 with 2945 views | Gloucs_R |
| QPR finances released on 09:51 - Feb 22 by Hoopsie |
So can we sign a striker? |
Still shopping at Costco and not at Waitrose...... | |
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| QPR finances released on 10:14 - Feb 22 with 2887 views | HAYESBOY |
Owners (Ruben) still putting in 2m a month!!!! |  |
| Smells like a trout farm in here |
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| QPR finances released on 10:16 - Feb 22 with 2877 views | Stanisgod |
| QPR finances released on 10:14 - Feb 22 by HAYESBOY |
Owners (Ruben) still putting in 2m a month!!!! |
Surely even these people have a limit š³š |  |
| It's being so happy that keeps me going. |
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| QPR finances released on 10:55 - Feb 22 with 2669 views | BklynRanger |
| QPR finances released on 09:51 - Feb 22 by Hoopsie |
So can we sign a striker? |
Yeah - I can't do Twitter so can someone summarise what's the damage?
How much 'headroom' are we looking at? |  | | |
| QPR finances released on 11:02 - Feb 22 with 2612 views | dmm |
Thanks for posting, Gloucs. Things are improving but with the shareholders Ā£2m per month still very much needed to keep us solvent, we're still way short of being able to stand on our own two feet. But, I guess that's just football today. |  | | |
| QPR finances released on 11:08 - Feb 22 with 2566 views | Superhoops2808 |
| QPR finances released on 11:02 - Feb 22 by dmm |
Thanks for posting, Gloucs. Things are improving but with the shareholders Ā£2m per month still very much needed to keep us solvent, we're still way short of being able to stand on our own two feet. But, I guess that's just football today. |
I think we always will struggle until we move - Simple as that. Because even if we filled HQ week after week its still not enough |  | | |
| QPR finances released on 12:34 - Feb 22 with 2196 views | thehat |
Thank god for our owners continuing to fund the club to circa Ā£2M per month.
Good to see we are heading in the right direction on and off the pitch but it still scares me how much we continue to rely on their funding. I mean even they must have a limit on continuing to throw money down the drain at these levels. |  | | |
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| QPR finances released on 12:48 - Feb 22 with 2103 views | 1JD |
A key highlight for me is that we spent 9m this summer. 6m NET transfer value is given at the end of the report. Assuming we got the reported 2.5m for Armstrong (minus 500k sell on) and 1m for Dykes, gives 3m outgoing, and 6m net.
Meaning Madsen really was a 4m signing š | | | |
| QPR finances released on 13:24 - Feb 22 with 1902 views | dannyblue |
| QPR finances released on 12:48 - Feb 22 by 1JD |
A key highlight for me is that we spent 9m this summer. 6m NET transfer value is given at the end of the report. Assuming we got the reported 2.5m for Armstrong (minus 500k sell on) and 1m for Dykes, gives 3m outgoing, and 6m net.
Meaning Madsen really was a 4m signing š |
I havenāt looked but wouldnāt this be reporting on summer 2023 if itās a report to May 2024?
So with dieng and dickie being the salesā¦the rest being colback, cook, Smyth, cannon etcā¦.what this really meansā¦hide nowā¦is Taylor Richards is much more of a disaster than we even realised?
Update: Iāve skimmed it now and donāt see that Ā£6m figure. Iām less concerned about what we might have paid for Richards. The bit on impairment looks very relevant to him. [Post edited 22 Feb 13:44]
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| QPR finances released on 13:33 - Feb 22 with 1847 views | Juzzie |
| QPR finances released on 11:08 - Feb 22 by Superhoops2808 |
I think we always will struggle until we move - Simple as that. Because even if we filled HQ week after week its still not enough |
The problem with that is with increased income of a new stadium the players (and agents) will just want even more money so we just end up standing still. At some point all avenues of income get maxed out.
The key is to get the income > player salary ratio down. Not sure what it is at the moment but I believe 60-70% is the ideal max threshold. In our PL seasons I think we were at 130%. [Post edited 22 Feb 13:34]
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| QPR finances released on 14:08 - Feb 22 with 1657 views | 1JD |
| QPR finances released on 13:24 - Feb 22 by dannyblue |
I havenāt looked but wouldnāt this be reporting on summer 2023 if itās a report to May 2024?
So with dieng and dickie being the salesā¦the rest being colback, cook, Smyth, cannon etcā¦.what this really meansā¦hide nowā¦is Taylor Richards is much more of a disaster than we even realised?
Update: Iāve skimmed it now and donāt see that Ā£6m figure. Iām less concerned about what we might have paid for Richards. The bit on impairment looks very relevant to him. [Post edited 22 Feb 13:44]
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Itās listed as the last piece on the financial report under āpost reporting date eventsā. | | | |
| QPR finances released on 10:37 - Feb 23 with 442 views | eastside_r |
Not on Twitter so have not seen this guyās commentary but have downloaded the accounts from Companies House and had a look myself.
A couple of caveats - one, itās Sunday morning and have only skim read. Two, although I am used to reading these, I am not an accountant or financial analyst.
A couple of things, I will comment on. Operating loss has reduced from just over Ā£22m to just over Ā£15m. So I think this means the much quoted almost Ā£2m per month was reduced to cĀ£1.25m. (From a punch in the bollocks to a punch in the chest!?)
Ruben has increased his control, taking shares from Mittal Group (effectively Amit?) and Richard Reilly, so no imminent American takeover which might have been on the cards previously?
I think Clive said we might be getting a Patreon on this, so I will leave it for people more qualified than me to comment further. (Pretty please, Clive.) |  | | |
| QPR finances released on 10:56 - Feb 23 with 345 views | stowmarketrange |
| QPR finances released on 10:37 - Feb 23 by eastside_r |
Not on Twitter so have not seen this guyās commentary but have downloaded the accounts from Companies House and had a look myself.
A couple of caveats - one, itās Sunday morning and have only skim read. Two, although I am used to reading these, I am not an accountant or financial analyst.
A couple of things, I will comment on. Operating loss has reduced from just over Ā£22m to just over Ā£15m. So I think this means the much quoted almost Ā£2m per month was reduced to cĀ£1.25m. (From a punch in the bollocks to a punch in the chest!?)
Ruben has increased his control, taking shares from Mittal Group (effectively Amit?) and Richard Reilly, so no imminent American takeover which might have been on the cards previously?
I think Clive said we might be getting a Patreon on this, so I will leave it for people more qualified than me to comment further. (Pretty please, Clive.) |
If our owners invest their vast wealth in the right accounts a lot of that Ā£1.25 million might be covered by interest payments.Luckily the interest rates on savings are still quite high. |  | | |
| QPR finances released on 11:05 - Feb 23 with 294 views | QPRConor2000 |
| QPR finances released on 10:56 - Feb 23 by stowmarketrange |
If our owners invest their vast wealth in the right accounts a lot of that Ā£1.25 million might be covered by interest payments.Luckily the interest rates on savings are still quite high. |
Just thinking about the training ground, why can't we put a small stand in and move the women's team and youth sides over from Hayes? You could also look to rent it out as well to clubs like Southall etc.
That would help us generate some extra income rather than having to groundshare with someone else. | | | |
| QPR finances released on 11:22 - Feb 23 with 238 views | baz_qpr |
I do think we get too hung up on transfer fees at times, the cost of a player to the club is transfer fee + Signing on fee + agent fee + wages when the player is out of contract but in demand the last 3 can easily out weigh a transfer fee. The accountants I'm sure can also explain how transfer fees can be spread across a number of years in the accounts and the role amortisation plays as well. |  | | |
| QPR finances released on 11:57 - Feb 23 with 101 views | PunteR |
Well according to Stainrods elbow the only way of getting out of our financial mess is to pay players to stay in this division. |  |
| Occasional providers of half decent House music. |
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| QPR finances released on 12:07 - Feb 23 with 70 views | TK1 |
| QPR finances released on 11:08 - Feb 22 by Superhoops2808 |
I think we always will struggle until we move - Simple as that. Because even if we filled HQ week after week its still not enough |
This is the biggest myth in football. Even if we had 40k in every other week and a huge nightclub filled to the brim on site five nights a week and rented out office space or whatever, we'd still need owners to pour money in. Even if we doubled the attendance at the very best it's worth another Ā£5 million a year, ie a month off for Reuben.
The PL clubs, with all those packed grounds charging all that money, with all that TV money, lost a combined Ā£1bn last year.
Only four league clubs across all four divisions made any profits in the last set of accounts, three of those were less that Ā£250k and only Brentford made profits in the millions and that was just Ā£4.5 million- probably enough to pay Carvalho's wage for less than a season. Two of the clubs in profit are two with the smallest grounds in Prem, Bournemouth and Brentford. Two of of the biggest brand names with huge grounds made some of the biggest loses, Chelsea and Man U.
Only two things can improve a club's finances:
Selling players for sums which are significantly larger than what you've spent on them.
Reducing wages (not happening while nations states buy clubs and Saudi are growing their league).
Hold on to the ground at all costs. It's the only tangible thing QPR has, and the iceberg is coming towards English football. | | | |
| QPR finances released on 12:18 - Feb 23 with 25 views | davman |
| QPR finances released on 10:37 - Feb 23 by eastside_r |
Not on Twitter so have not seen this guyās commentary but have downloaded the accounts from Companies House and had a look myself.
A couple of caveats - one, itās Sunday morning and have only skim read. Two, although I am used to reading these, I am not an accountant or financial analyst.
A couple of things, I will comment on. Operating loss has reduced from just over Ā£22m to just over Ā£15m. So I think this means the much quoted almost Ā£2m per month was reduced to cĀ£1.25m. (From a punch in the bollocks to a punch in the chest!?)
Ruben has increased his control, taking shares from Mittal Group (effectively Amit?) and Richard Reilly, so no imminent American takeover which might have been on the cards previously?
I think Clive said we might be getting a Patreon on this, so I will leave it for people more qualified than me to comment further. (Pretty please, Clive.) |
The thought of us become self sufficient comes with the penalty no-one wants to hear, which is League One will be our level. No ifs or buts, without the benefactors who own us at the moment, we will no longer compete at this level let alone the next.
We are doing well at the moment, they are funding us, they are actively looking for more investment, we are competitive, they are trying things, some work, some don't.
Yes, we look like we are going to be starting next season having to bed a new back four in, which will take time to settle in, but its alright, isn't it? |  |
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