KZNSeagull
Well-known member
As with all of these things they are worth watching, but not as good as the first. Michael Kitchen plays the King in the second one, who seems to have rather similar mannerisms to a certain Prince of Wales.
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QPR accounts
- Thread starter El Presidente
- Start date
As with all of these things they are worth watching, but not as good as the first. Michael Kitchen plays the King in the second one, who seems to have rather similar mannerisms to a certain Prince of Wales.
KZNSeagull
Well-known member
Have theirs been ratified by the FL?
Pavilionaire
Well-known member
- Jul 7, 2003
- 30,679
This is the nitty-gritty of FFP being played out. I hope Paul Barber reads this thread and understands just how hacked off Albion fans are about teams around us like QPR, Leicester, Forest abusing the rules and gaining an unfair advantage. The Football League clubs HAVE to ensure that QPR are penalised over this.
The bottom line is everyone can live without football. The World Cup has been ruined because it will be held in corrupt Qatar and Russia, the Champions League has been ruined by divers and cheats, the FA Cup has been ruined by playing the semis at Wembley, the Premier League has been ruined by money. If the corruption filters down to Championship level and is allowed to remain then what IS the point? The buzz of football is terrific but if the competitiveness and integrity of the sport has gone then that might be that.
The bottom line is everyone can live without football. The World Cup has been ruined because it will be held in corrupt Qatar and Russia, the Champions League has been ruined by divers and cheats, the FA Cup has been ruined by playing the semis at Wembley, the Premier League has been ruined by money. If the corruption filters down to Championship level and is allowed to remain then what IS the point? The buzz of football is terrific but if the competitiveness and integrity of the sport has gone then that might be that.
seagullsovergrimsby
#cpfctinpotclub
seagullsovergrimsby
#cpfctinpotclub
Even with a transfer embargo in place Forest have signed a winger from Swansea on loan. Freedman has also confirmed they tried to sign Rhodes on loan with an option to buy if they were promoted to the Premier League (via the play offs) but this was turned down by Blackburn.
KZNSeagull
Well-known member
The accounts are being scrutinised
Well this is the crunch time for the Football League. They have to implement the rules to the satisfaction of it's members. The next few days could get very interesting.
I’m no accountant but if FFP was brought in to stop clubs being saddled with a huge debt then having owners write off that debt must be a good thing for that club, even if done for the wrong reasons? The owners will be out of pocket although this is a gamble with the hope (for them) that it can be reclaimed if QPR stay in the PL.
Pavilionaire
Well-known member
- Jul 7, 2003
- 30,679
The loan write-off is the ONLY thing that makes that club remotely FFP compliant. One of the reasons we didn't go up last season is because some teams above us were spending beyond the permitted levels. I feel a bit sorry for Derby because QPR cheated and got promoted at their expense. I hope they kick up a fuss and we back them to the hilt.
Lower West Stander
Well-known member
Genuine question.
Is FFP entirely driven by P&L? If it is then it is even more of a waste of time than I thought.......
Is FFP entirely driven by P&L? If it is then it is even more of a waste of time than I thought.......
- Thread starter
- #52
Yes.........and Yes
There's no reference to the FFP fine in post balance sheet events, provisions or contingent liabilities, so the directors must be confident of paying nothing, otherwise in theory the auditors would have qualified the accounts.
Apologies if I missed this on earlier pages - who are QPR's auditors?
Lower West Stander
Well-known member
That is unbelievable. The P&L is by far the most easily manipulated part of any audited accounts. Did no one think to use balance sheet or cashflow at least as the basis?
- Thread starter
- #55
Chantrey Dellacott DFK
seagullsovergrimsby
#cpfctinpotclub
Even Al Capone's book-keeper would be rolling in his grave 
I'm assuming that if the Football League say "no, sorry, not accepting that. You're deliberately trying to circumvent FFP" the owners won't be able to then turn around and say "actually, about that 60m, we're still gonna want that back" so that after having to pay 57m in fines, they will still take 60m (plus interest) back out.
Sure, they'll still be down, but will eventually be less that 57m down instead of £120m down i.e. wipe the loan to the club to the tune of 60m, get fined 57m, leaving you 117m down (plus missing out on interest earned on the 60m loan) whereas getting the original 60m loan back in loan payments over time, with interest means you get 60+m back, leaving you 57m down.
Sure, they'll still be down, but will eventually be less that 57m down instead of £120m down i.e. wipe the loan to the club to the tune of 60m, get fined 57m, leaving you 117m down (plus missing out on interest earned on the 60m loan) whereas getting the original 60m loan back in loan payments over time, with interest means you get 60+m back, leaving you 57m down.
Hillian1
( . ) ( . )
Piss off gypo.
