QPR - now relegated, will they have to pay their FFP fine?

Marty___Mcfly · May 10, 2015

Apologies if this has been answered elsewhere.

As I understand it, QPR owe £58 million as an unpaid FFP fine to be paid to the Football League.

Will they now have to pay it, or will they now fight it in the courts?

I would have thought the Football League have a chance to demand payment and could threaten to refuse them entry to take part in The Championship next season, but it's probably not that simple...

This from an article published today-

QPR’s financial future is uncertain in the extreme, with the prospect of a £58m fine from the Football League for financial fair play irregularities hanging over the club. Ramsey said: “The owners will save us from going over the edge. I don’t really understand the bits and bobs of what has gone on before I came. We have very good owners and board members that will make sure we put something in place to make sure QPR don’t end up like some of the other teams that have slid all the way down the divisions and ended up in the financial mire.”

http://gu.com/p/489ec

Mayonaise · May 10, 2015

This will make the best test case of FFP for sure...

5mins-from-amex · May 10, 2015

The Football League will bottle it.

Thunder Bolt · May 10, 2015

I think they should forfeit their parachute payments until it is paid.

Wrong-Direction · May 10, 2015

They get like 60mill parachute dont they?

Durlston · May 10, 2015

Get Redknapp to sell his mansion. Leaves every club in financial shit and gets away with it.

El Presidente · May 10, 2015

Thunder Bolt said:
I think they should forfeit their parachute payments until it is paid.

I think the problem there is the FFP tax relates to the Football League and parachute payments are from the Premier League.

Marty___Mcfly · May 10, 2015

Parachute payment probably comes from Premier League coffers so the Football League may not be able to intervene.

QPR could it seems choose to spend their parachute payment on their fine... I'm assuming however that they intend to blitz that cash on high-wage players in a bid for promotion..

perseus · May 11, 2015

If FFP is designed top prevent clubs going bust, it might not be working?

KZNSeagull · May 11, 2015

perseus said:
If FFP is designed top prevent clubs going bust, it might not be working?

Only 3 of the existing clubs in the PL made a loss last season, so something is working.

El Presidente · May 11, 2015

perseus said:
If FFP is designed top prevent clubs going bust, it might not be working?

It's not designed to do that.

Plake · May 11, 2015

Any club who conducts their business like QPR have deserves to go bust. *popcorn*

KZNSeagull · May 11, 2015

El Presidente said:
It's not designed to do that.

Morning! I posted the following comment on your Money Money Money article. I know that you do not believe in FFP, but was just wondering what your thoughts were?

I see that from the 2014 figures, only 3 existing PL teams made a loss during that period - Man City, Aston Villa and Sunderland. This was due to the new FFP rules (the 105m loss over 3 seasons) which including capping wages spent at 52m quid per season per club. A few questions if I may:

1. I understand that the 52m cap was just 52m of TV revenue money and that anything earned beyond that from tickets etc was not part of the capping. Is that correct?
2. Under the new TV deal, have these limits been raised?
3. Having slagged off clubs for not getting their financial house in order and been rather sceptical of FFP, I was pleasantly surprised to see these figures. If they do not raise the salary caps substantially under the new deal, this appears to be having a quite dramatic effect already on football finance and perhaps sustainability is finally something that clubs actually do want to achieve afterall. Any thoughts?

neilbard · May 11, 2015

Cheats pay up!!

Blue Valkyrie · May 11, 2015

I will be amazed if QPR pay their full fine.

This will just send the message to other clubs that you can get a discount on any penalty - so build that into your risk/reward strategies for busting FFP.

El Presidente · May 11, 2015

KZNSeagull said:
Morning! I posted the following comment on your Money Money Money article. I know that you do not believe in FFP, but was just wondering what your thoughts were?

I see that from the 2014 figures, only 3 existing PL teams made a loss during that period - Man City, Aston Villa and Sunderland. This was due to the new FFP rules (the 105m loss over 3 seasons) which including capping wages spent at 52m quid per season per club. A few questions if I may:

1. I understand that the 52m cap was just 52m of TV revenue money and that anything earned beyond that from tickets etc was not part of the capping. Is that correct?
2. Under the new TV deal, have these limits been raised?
3. Having slagged off clubs for not getting their financial house in order and been rather sceptical of FFP, I was pleasantly surprised to see these figures. If they do not raise the salary caps substantially under the new deal, this appears to be having a quite dramatic effect already on football finance and perhaps sustainability is finally something that clubs actually do want to achieve afterall. Any thoughts?

The rules are a bit messy.

If your current wage bill is £30 million, you can raise it to £52m plus £4m a year plus anything else earned from non TV sources. Whether this will continue from 2016/17 when the new TV deal kicks in is uncertain.

The PL is making a profit collectively in 2013/14 due mainly to TV revenues, not FFP. It's in the interests of the club owners (12 of whom are foreign) to cap wages as it means more money for themselves. Football is no longer being seen as a vanity purchase but as a business in which you can make money. The PL allows a £105m loss over three seasons under its FFP rules, which isn't particularly challenging for most clubs.

The Championship is another case altogether though.

el punal · May 11, 2015

If QPR have money coming out of their ears (or seem to be), apart from a huge fine, surely a points deduction would be more appropriate - 10/15 points or whatever at the start of the season. That would then show that the FL mean business and multi-million pound owners would not be able to bail out their club with a fat cheque.

Look forward to the decision with interest.

father_and_son · May 11, 2015

Marty___Mcfly said:
Apologies if this has been answered elsewhere.

As I understand it, QPR owe £58 million as an unpaid FFP fine to be paid to the Football League.

Will they now have to pay it, or will they now fight it in the courts?

I would have thought the Football League have a chance to demand payment and could threaten to refuse them entry to take part in The Championship next season, but it's probably not that simple...

This from an article published today-

QPR’s financial future is uncertain in the extreme, with the prospect of a £58m fine from the Football League for financial fair play irregularities hanging over the club. Ramsey said: “The owners will save us from going over the edge. I don’t really understand the bits and bobs of what has gone on before I came. We have very good owners and board members that will make sure we put something in place to make sure QPR don’t end up like some of the other teams that have slid all the way down the divisions and ended up in the financial mire.”

http://gu.com/p/489ec

Based on the discussions with the FL, there is considerable dispute between what QPR think they owe and what the FL think they owe (I believe they both agree something is owed). From what I've read QPR are arguing £50m of spending is from written-off loans should not be considered and therefore they overspent by a mere £8.5m.

I sincerely hope that the FL refuse QPR entry to ANY of their leagues otherwise the whole FFP project will be a joke and have no credibility at all. Loopholes such as shirt sponsorships etc should be closed off quickly but to allow QPR to write of a massive portion of their spending and not punish them defeats the basic principle.

I have no axe to grind against the club, but they should be made an example of.

Psychobilly freakout · May 11, 2015

el punal said:
Look forward to the decision with interest.

And then it will be dragged through the courts, by which time they will probably be back in the Premiership.

El Presidente · May 11, 2015

el punal said:
If QPR have money coming out of their ears (or seem to be), apart from a huge fine, surely a points deduction would be more appropriate - 10/15 points or whatever at the start of the season. That would then show that the FL mean business and multi-million pound owners would not be able to bail out their club with a fat cheque.

Look forward to the decision with interest.

It might be, but it's not in the rules.

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