SeagullSongs
And it's all gone quiet..
I hadn't seen this mentioned anywhere before, but it seems like a good idea.
http://www.financialfairplay.co.uk/
Also, clubs will not be eligible for a UEFA license unless they comply with regulations, so even if QPR were to win the League Cup or FA Cup next season, they wouldn't be able to play in Europe unless the owners converted some the huge debt to equity.
Looking into next year, QPR will benefit from a £23m parachute payment. However, this does not make up for the lost TV income (see TV Revenue row for the impact). It seems likely that the club will be able to manage some players out of the club and it will probably have some wage-reduction clauses in the existing contracts (although reports suggest that most high-earners don’t have these contract clauses). The heavily caveated projection suggests the club could report a loss of around £61.5m during their first season in the Championship. This figure is well above the new FFP rules for the Championship and will have significant implications for the club.
From next season, strict new FFP rules for the Championship have been introduced (with penalties). All clubs (including QPR) will need to keep future club losses below £8m for the coming season. Any overspend will become apparent when the accounts for the 2013/14 season are submitted in December 2014. An overspending club will be given a transfer ban (with the first ban coming into effect in January 2015). Once this is understood, the need for QPR to ‘bounce back’ and win promotion at the very first attempt becomes apparent. If they don’t bounce-back immediately, QPR will almost certainly not be able to sign any new players after end August 2014. This would severely hamper their campaign during their second season in the Championship.
Given that only one club out of the last 9 have bounced back at the first attempt, QPR’s challenge should not be underestimated. The matter becomes even more pressing when you consider that the Transfer Ban would not be lifted until the club can prove that it was on track to bring losses below £6m in the next season (£5m from 2016) – conceivably QPR could have Transfer Ban in place for several seasons.
If QPR were fortunate enough to win promotion at the first attempt, they would be affected by the new ‘Fair Play Tax’. Any club that wins promotion as a result of overspending will have to pay ‘tax’ based on a sliding scale. Assuming QPR lose £61.5m next season, the club would end up paying a tax of £48.7m – a huge amount (see here for details of the rules and the calculation). This tax would then be divided up and allocated to those clubs in the Championship that have complied with the FFP rules (adding an extra incentive for overspending clubs such as Leicester to comply). Interestingly, as any unused parachute payments are also divided up amongst clubs, some Championship outfits may ultimately be happy to see QPR bounce back as the scenario would benefit them by a further £2m.
Given the need for QPR to win promotion at their first attempt, it will be interesting to see if the new FFP rules actually encourage QPR to continue their overspending. The club will have to weigh up the potential benefits of a place in the Premier League, against the Transfer Tax and the risk of becoming a 'zombie club' with an almost indefinite Transfer Ban should they fail to quickly return to the top flight.
http://www.financialfairplay.co.uk/
Also, clubs will not be eligible for a UEFA license unless they comply with regulations, so even if QPR were to win the League Cup or FA Cup next season, they wouldn't be able to play in Europe unless the owners converted some the huge debt to equity.