QPR FFP Dispute

  • Please bear with us on the new site integration and fixing any known bugs over the coming days. If you can not log in please try resetting your password and check your spam box. If you have tried these steps and are still struggling email [email protected] with your username/registered email address
  • Log in now to remove adverts - no adverts at all to registered members!
The club owners should be ashamed of themselves. Surely they must have someone within the club that knows the EFL rules and how much you can spend compared with income. It really is a joke and if we get a fine as reported then we will end up further down the league than Luton did.
Seriously is the sort of thing you don't expect your club to be getting in trouble over. Muppets
 
  • Like
Reactions: qpherts and Uber_Hoop
They said the fine of 58m is fair. I think if that's what it is it's enough to send us down to the 2nd div. (if we're lucky)
 
What happens if our illustrious owners pay the fine and not the football club, will that still make us guilty of FFP and liable to further penalties
 
Some of the scenarios which spring to mind are really horrible. The board need to communicate pretty clearly with the fans on this, but I doubt they will.

I wonder how much they have wasted on lawyers.
peter1954qpr said:
What happens if our illustrious owners pay the fine and not the football club, will that still make us guilty of FFP and liable to further penalties
Click to expand...
its the club, not the owners which is being fined. As the club has no money and runs on a deficit, it clearly can’t pay the fine, even if it is tiny compared to the speculation. Everything depends on the owners, being willing to take this on if the appeal fails.

Roller says that FFP fines are not included in future FFP calculations. So we just need to find up to £60m down the back of the sofa.
 
sb_73 said:
Who the hell do we appeal to? I’m probably wrong but I had the impression that the arbitration process was entered into on the understanding that both sides accept the outcome.
Click to expand...

Accept the outcome as a trial at first instance (as opposed to a mediation, which is not binding).

But the arbitration decision must surely be appealable to the Court of Appeal
 
If we had a manager who could get us right up the leaderboard, we could tell the FA to stick the fine up their jumpers, declare bankruptcy, suffer the points deduction ........... and still manage to stay in the Championship.

Its all Holloways fault!
 
  • Like
Reactions: kiwiqpr
sb_73 said:
Some of the scenarios which spring to mind are really horrible. The board need to communicate pretty clearly with the fans on this, but I doubt they will.

I wonder how much they have wasted on lawyers.

its the club, not the owners which is being fined. As the club has no money and runs on a deficit, it clearly can’t pay the fine, even if it is tiny compared to the speculation. Everything depends on the owners, being willing to take this on if the appeal fails.

Roller says that FFP fines are not included in future FFP calculations. So we just need to find up to £60m down the back of the sofa.
Click to expand...

So we may end up in administration points deductions sell the 2/3 players that have any value and end up relegated, oh happy days
 
Sorry to point out the obvious, but the punishment for clubs in a bad financial position is to put them in an even worse financial position? That seems like a warped way of working in my book. Yes we've spent more than we should have, yes, we've been managed badly, but hitting us with a big fine will only make things worse. If the powers that be really cared about the state of football clubs, they'd install auditors/monitors who would look over the finances and give recommendations, even compulsory recommendations, about how to improve the situation.

A fine will only make a bad situation worse and put more money in the pockets of the pot managed by The English Football League. I reckon we just say no, fight it in the hope we get promoted, then tell em to piss off with with their fine.
 
  • Like
Reactions: WalsallHoop, SW Ranger, The other R in Houston and 4 others
daverangers said:
Sorry to point out the obvious, but the punishment for clubs in a bad financial position is to put them in an even worse financial position? That seems like a warped way of working in my book. Yes we've spent more than we should have, yes, we've been managed badly, but hitting us with a big fine will only make things worse. If the powers that be really cared about the state of football clubs, they'd install auditors/monitors who would look over the finances and give recommendations, even compulsory recommendations, about how to improve the situation.

A fine will only make a bad situation worse and put more money in the pockets of the pot managed by The English Football League.
Click to expand...

Exactly.
 
So, can some of the more brilliant minds on here (no, not you Strolls!) tell me whether this means we are going to go into administration and or get a points deduction?
 
rangercol said:
So, can some of the more brilliant minds on here (no, not you Strolls!) tell me whether this means we are going to go into administration and or get a points deduction?
Click to expand...

This from the Guardian, let's hope that they're right ...

QPR relief at avoiding crippling FFP fine but still have to pay out £8m
• Exclusive: Football League fine could have been £50m
• QPR reduced their expenditure in 2013-14 by £22m


You must log in or register to see images

Queens Park Rangers were relegated from the Premier League in May. Photograph: Adam Holt/Reuter
David Hytner


@DaveHytner

Tuesday 18 August 2015 16.36 BST

Queens Park Rangers are set to avoid a crippling fine from the Football Leaguethat relates to the club exceeding financial fair play rules in 2013-14, with the punishment expected to be around a more manageable £8m.

The Championship club’s figures for the period in question, which was their promotion season back into the Premier League, showed losses of £9.8m, although the chairman, Tony Fernandes, and the other shareholders wrote off a further £60m in loans. The manner in which they did so raised questions and they have been at the heart of the FFP discussions between the club and the Football League.

For QPR the worst-case scenario was that the League did not accept the write-off and applied a fine based on them losing around £70m. The fine would have been one of more than £50m but discussions have been positive from the club’s point of view and they now expect to be docked around £8m.


QPR have made a similar sum this summer following Raheem Sterling’s £49m move from Liverpool to Manchester City. Sterling began his career at QPR and when he left for Liverpool – in a deal initially worth £600,000 but potentially rising to £5m – the club negotiated a 20% sell-on clause that related to the profits from any subsequent sale.

The details of how many of the add-ons Sterling triggered have not been made public but it is understood QPR received £8.8m after his transfer to City.

QPR recorded losses of £65.4m in 2012-13 but they were able to show they reduced their expenditure in 2013-14 by £22m.

Fernandes has argued the FFP rules were unfair on QPR, in that it was impossible for them to bring down their overheads to the required levels after their relegation from the Premier League in 2013.

The squad have undergone radical surgery after their relegation to the Championship, with a number of high-earning players removed from the payroll. The director of football, Les Ferdinand, has overseen new signings but has refused to pay wages of more than £20,000 a week.

Topics
 
QPR999 said:
This from the Guardian, let's hope that they're right ...

QPR relief at avoiding crippling FFP fine but still have to pay out £8m
• Exclusive: Football League fine could have been £50m
• QPR reduced their expenditure in 2013-14 by £22m


You must log in or register to see images

Queens Park Rangers were relegated from the Premier League in May. Photograph: Adam Holt/Reuter
David Hytner


@DaveHytner

Tuesday 18 August 2015 16.36 BST

Queens Park Rangers are set to avoid a crippling fine from the Football Leaguethat relates to the club exceeding financial fair play rules in 2013-14, with the punishment expected to be around a more manageable £8m.

The Championship club’s figures for the period in question, which was their promotion season back into the Premier League, showed losses of £9.8m, although the chairman, Tony Fernandes, and the other shareholders wrote off a further £60m in loans. The manner in which they did so raised questions and they have been at the heart of the FFP discussions between the club and the Football League.

For QPR the worst-case scenario was that the League did not accept the write-off and applied a fine based on them losing around £70m. The fine would have been one of more than £50m but discussions have been positive from the club’s point of view and they now expect to be docked around £8m.


QPR have made a similar sum this summer following Raheem Sterling’s £49m move from Liverpool to Manchester City. Sterling began his career at QPR and when he left for Liverpool – in a deal initially worth £600,000 but potentially rising to £5m – the club negotiated a 20% sell-on clause that related to the profits from any subsequent sale.

The details of how many of the add-ons Sterling triggered have not been made public but it is understood QPR received £8.8m after his transfer to City.

QPR recorded losses of £65.4m in 2012-13 but they were able to show they reduced their expenditure in 2013-14 by £22m.

Fernandes has argued the FFP rules were unfair on QPR, in that it was impossible for them to bring down their overheads to the required levels after their relegation from the Premier League in 2013.

The squad have undergone radical surgery after their relegation to the Championship, with a number of high-earning players removed from the payroll. The director of football, Les Ferdinand, has overseen new signings but has refused to pay wages of more than £20,000 a week.

Topics
Click to expand...

That article is dated 2015 999s.....we're doomed!!

As someone once said on the politics thread - tell 'em to **** Off <laugh>
 
  • Like
Reactions: NorwayRanger, kiwiqpr and rangercol
You must log in or register to reply here.
Top Bottom
Back