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Always crashing in the same car – Column on 15:14 - Feb 22 by SimonD
Cat 1 doesn't protect you from having your bright young stars taken, it just increases the compensation.
The last figures I've seen are:
For each year in an academy between the ages of 9 and 11: £3k
For each year in a Cat 3 academy between the ages of 12 and 16: £12.5k For each year in a Cat 2 academy between the ages of 12 and 16: £25k For each year in a Cat 1 academy between the ages of 12 and 16: £40k
There are additional payments based on appearances up to £1.3m (if a player makes 100 Premier League appearances)
For a player poached between the ages of 12 and 16, 20% of the next transfer fee if the player is sold before they are 24.
Cat 1 does not enable unfashionable clubs with a training facility on the flight path into Heathrow to keep hold of their starlets.
[Post edited 22 Feb 15:36]
Agree that Cat 1 won’t guarantee keeping the best young talents, but it may help the overall proposition, and if only half are encouraged to stay, it would be of benefit.
Plus the additional upside not often discussed is the new found ability to go and poach other academy talents for a pittance. So what we lose in some places we could potentially gain in others.
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Always crashing in the same car – Column on 16:54 - Feb 22 with 1843 views
I am a complete financial numpty but weren’t we due 200k or so for Chair and Diengs participation in the World Cup? What financial year would that come into?
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Always crashing in the same car – Column on 16:55 - Feb 22 with 1841 views
Always crashing in the same car – Column on 16:54 - Feb 22 by Third_Division_South
I am a complete financial numpty but weren’t we due 200k or so for Chair and Diengs participation in the World Cup? What financial year would that come into?
That's in these figures somewhere.
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Always crashing in the same car – Column on 17:00 - Feb 22 with 1817 views
Always crashing in the same car – Column on 16:40 - Feb 22 by 1JD
Agree that Cat 1 won’t guarantee keeping the best young talents, but it may help the overall proposition, and if only half are encouraged to stay, it would be of benefit.
Plus the additional upside not often discussed is the new found ability to go and poach other academy talents for a pittance. So what we lose in some places we could potentially gain in others.
Completely agree, 1JD.
"The opposite of love, after all, is not hate, but indifference."
We have accounts for 22/23 filed and future projection for current term 23/24 , so if this indicates breach, we could face points deductions dependent on level of breach and this WONT happen this season but APPLIED next season.
Always crashing in the same car – Column on 16:25 - Feb 22 by Benny_the_Ball
Good point however accounts are published 1 year in arrears. 2023/24 accounts will be reported in 2025.
SimonD, can you clarify this please:
On page 1 you stated "The penalty for breaching of the 3 season P&S reporting rules is a deduction of points to commence in the season following the breach."
Do you mean the season following the point at which the breach is determined or the season after the period being reported on?
e.g.. If in Spring 2025 QPR are found to have breached FFP for the period 2022-24, is any points deduction applied for the 2025/26 season or immediately to the 2024/25 season in progress?
I believe it should be the latter (2024/25 season) but that requires the EFL to be swift in dishing it out.
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Always crashing in the same car – Column on 19:03 - Feb 22 with 1495 views
Always crashing in the same car – Column on 16:40 - Feb 22 by 1JD
Agree that Cat 1 won’t guarantee keeping the best young talents, but it may help the overall proposition, and if only half are encouraged to stay, it would be of benefit.
Plus the additional upside not often discussed is the new found ability to go and poach other academy talents for a pittance. So what we lose in some places we could potentially gain in others.
There is extra cost in Cat 1 if I remember right, including providing dormitory accommodation.
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Always crashing in the same car – Column on 19:16 - Feb 22 with 1459 views
Always crashing in the same car – Column on 19:03 - Feb 22 by QPROslo
There is extra cost in Cat 1 if I remember right, including providing dormitory accommodation.
The extra cost is 500k from cat 1 to cat 2 and consists of hiring additional mandatory personnel. E.g. performance analyst for every age group. Dorms are not part of the equation as far as I have been told but additional infrastructure is, most notably an indoor dome that we currently don’t have, but which the club have planned as a phase 2 works at the training to eventually meet Cat 1 requirements.
Always crashing in the same car – Column on 19:16 - Feb 22 by 1JD
The extra cost is 500k from cat 1 to cat 2 and consists of hiring additional mandatory personnel. E.g. performance analyst for every age group. Dorms are not part of the equation as far as I have been told but additional infrastructure is, most notably an indoor dome that we currently don’t have, but which the club have planned as a phase 2 works at the training to eventually meet Cat 1 requirements.
Doesn't the dome over the road at Cranford count for us? That's the one they use, it's literally 30 seconds door to door.
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Always crashing in the same car – Column on 21:35 - Feb 22 with 1239 views
Always crashing in the same car – Column on 21:08 - Feb 22 by Northernr
Doesn't the dome over the road at Cranford count for us? That's the one they use, it's literally 30 seconds door to door.
Not sure to be honest. Know they have been renting it for some time but whether rental passes the requirements rule I don’t know. Certainly plans to build our own so on that basis I’m assuming it’s still needed for Cat 1 formalities but could be wrong.
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Always crashing in the same car – Column on 22:22 - Feb 22 with 1163 views
So the problem is not the set of accounts just published for 22/23 but trying to stay within the £39 million with this years set of accounts and making serious savings on the Expenditure budget.
Just a thought and question, so Rubén and Amit have sponsored the training ground, stadium and South Africa Road stand on 3 year deals, bearing in mind they have an even better understanding of the Finances via the clubs Finance Director is it possible and financially legal that they could have paid all three years payments in one go to balance against this years set of accounts.
[Post edited 23 Feb 8:33]
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Always crashing in the same car – Column on 08:38 - Feb 23 with 917 views
Always crashing in the same car – Column on 08:31 - Feb 23 by Blue_Castello
So the problem is not the set of accounts just published for 22/23 but trying to stay within the £39 million with this years set of accounts and making serious savings on the Expenditure budget.
Just a thought and question, so Rubén and Amit have sponsored the training ground, stadium and South Africa Road stand on 3 year deals, bearing in mind they have an even better understanding of the Finances via the clubs Finance Director is it possible and financially legal that they could have paid all three years payments in one go to balance against this years set of accounts.
[Post edited 23 Feb 8:33]
Sadly not.
That would be treated as Deferred Income and allocate to the appropriate season's accounts. It would help cash flow if there was an issue with that though.
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Always crashing in the same car – Column on 17:50 - Feb 23 with 783 views
On page 1 you stated "The penalty for breaching of the 3 season P&S reporting rules is a deduction of points to commence in the season following the breach."
Do you mean the season following the point at which the breach is determined or the season after the period being reported on?
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Always crashing in the same car – Column on 18:43 - Feb 23 with 748 views
Always crashing in the same car – Column on 17:50 - Feb 23 by Benny_the_Ball
SimonD, can you clarify this please:
On page 1 you stated "The penalty for breaching of the 3 season P&S reporting rules is a deduction of points to commence in the season following the breach."
Do you mean the season following the point at which the breach is determined or the season after the period being reported on?
I'm just quoting the regulations.
My interpretation would be that if we breached this season, it couldn't be definitely determined until our financial year was over (May 31st) regardless of any FFI, so any points deduction would be next season. Make sense?
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Always crashing in the same car – Column on 18:45 - Feb 23 with 747 views
Swiss Ramble has published his analysis of the accounts
Review of QPR's financial results for the 2022/23 season, when they reduced their pre-tax loss from £24.7m to £20.3m, as revenue rose £1.2m (5%) from £22.1m to £23.3m #QPRpic.twitter.com/xRUaI2jMtb
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