Mentioned this yesterday in thread and was told not to worry and that our club is part owned by one of the richest men in the world.... LaLa Land me thinks. I think many fans have put their roller coaster blinkers on and are gripping the sides hoping for the best, but are we actually gambling the clubs very existence to try and stay in the Premier League? If this is the case it's simply not even nearly worth it. If Samba is to earn £100K a week that's nearly 3500 fans though the turnstiles simply to pay his wages.... I admire what TF and the board have done and continue to try and do, the financial input has been incredible, the money received from PL status has no doubt funded many of our acquisitions and massive wage bill, but after today's transfers end you have to look at it and wonder WTF is happening with the accounts. I doubt the Mittals have put anything in recently, with a 20% holding why would you, Amit seems remarkably quiet this season, TF would appear to be bankrolling the lot and all it takes is some troll on twitter to make him consider the wisdom of this. One day our owners will decide to walk away, will we be left with massive debts and a wage bill equivalent to the GDP of a small country? I have no idea, there doesn't seem to be a lot being said about the method of funding coming into the club, and no one seems too interested in asking. In my experience this does not bode well, TF seems like a great guy, i don't see how anyone could not like him or appreciate what he has done, but the devil is always in the detail and TF didn't get where he is today by being a thoroughly nice chap. How long will he continue to divert his private wealth into the pockets of over paid, over rated, under performing footballers who seem happy to take his money and provide very little in return and yet still refer to themselves as professionals? In no other aspect of his business life would this be acceptable and some of the events of the last year must have hurt him and made him question is entire involvement in football, i can't help but watch the transfer events of today with equal amounts of excitement and trepidation.
Ok Here is my take. I am concerned about the large wage bill, whatever the real figures are. However, two things give me some comfort. Firstly, The three main people running the club Tony, Amit and Beard have excellent business credentials and would not want a portsmouth on there CV. Amit runs an investment fund, Tony an Airline and Phil great sport/business CV so failure by mis-managment would not help their own profiles going forward and would hurt them. I cannot believe for one minute that all players and staff do not have contracts which have some form of contingency for relegation in them and it they have not I cannot think that all 3 of them would agree on it. I have heard no negative vibes from the club. Remember Amit walked on the principle of the ticket increases so unlikely he would agree to financial contract suicide. Secondly, Tony has increased our profile in the far east and with the recent signings, clearing shows that there is commercial profit to be made from association with english football, just look at quarterly figures he publishes regulary. So maybe the money being spent makes commercial sense to Tony beyond the realms of QPR. just a thought
If u think clubs in the Premier League rely on "ticket sales" to pay the wages of their players then you are massively out of touch with modern football. Firstly the TV money we receive each year is enough to pay 17 players 50k a week, that's without any ticket sales/merchandise etc. And if you want to compete and get the best quality, you have to pay the top wages....we haven't been clever over the last year in paying players past their best high wages, but that's another issue. People are making assumptions about how much the Mittals are forking outor how deep Tonys pockets really are, when in reality, they know very little. Pompey went into admin, because they were poorly managed by crooks that didn't finance anything themselves. I don't believe QPR are in the same boat as we have owners that actually care about the club. Clubs like Man City or Chelsea spend welllll above their "ticket sale" income and admin will never hit them. People just worry because we have a smaller stadium, yet we have some of the richest owners in the game today. Chill out!
Don't think they did say that, but I'm sure you've got a hard on writing that. One of our owners is one of the worlds richest men, not a couple of dodgy post-soviet Russian chancers. I personally feel that we stand as much chance as being in div 4 as we do the premiership in three years as I wouldn't bank on our owners funding the club indefinitely if we went down, But that is because they ARE businessmen and not chancers. They claim to have a business plan for all eventualities so we shall see.
£60 million for the team which finishes bottom of the PL next season. Just TV and PL money, excludes gates, merchandise, transfers out (smirk) income. If we can generate income from other sources (hence new stadium) no reason why we shouldn't at least break even going forward, which is all the owners want. We may actually have a stadium which is rarely full, not the point. If you haven't realized where this train is going yet, bad luck, no more stops. Some of us won't like the destination. In my view relegation would only delay things, not derail us.
Not necessarily, it'll take as long as it takes. As DT has pointed out our club has advantages re location and potential that very few can match - the owners will stick with the plan whatever, it can't be replicated elsewhere. But academic, because we ain't going down.
Economics of the madhouse, we are currently a financial basket case and each transfer window sees TF behaving like a gambler in the last-chance saloon. You get the feeling this really is the last throw of the dice and relegation could result in a swift meltdown. Let's hope Harry's got this one right...
Yes it is a huge gamble but like Remy, we will sell him if we do get relegated. But, simply being in the premiership is worth 100M, even more next season and so that is where I think the fundng is coming from and if we do stay up I think there could be more like this to come and with a new stadium on the horizon, TF is looking ahead. People are having a go at Harry as he said that we had signed average players on ridiculous wages and now he has signed Remy and Samba on even more ridiculous wages. However, I think the key word here is average. I think that Samba and Remy are wll above average and are worth it if we stay up. Is Crouch on his way back too?
The difference with Chelsea is that they have a world-wide brand and it's doing rather well currently - winning the European Cup/Champions League doesn't do harm to your merchandise sales! It's all pretty much unsustainable in PL football as it is, that's why UEFA/FIFA are going to introduce the financial fair play rules soon. Redknapp does have history for being the death knell for some clubs, but I believe that TF is funding this himself and will simply be unable to sell the club on with the enormous debts you guys are racking up just now!
Sorry Bespoke but what debts are we racking up? We are solvent at the moment and not borrowing from anyone to fund this. As you said yourself TF is is funding this. No borrowing= no debts. Nothing personal but I do have to point out the big hole in your statement. You've actually contradicted yourself.
The fee is more like £10m and he took a pay cut to come to us. The press are just repeating his figures when he signed for Anzhi.
His buy out clause was actually $1 Billion (reuters) and we are paying him 300, 000 of the Queens finest a week, plus another 10 million if he single handedly keeps us up!! Well if fans from other clubs can come on here talking b*****ks, we can too.......
A year ago, with the Sparkie connection, we wanted Chris Samba, but he moved to Anzhi when Blackburn wouldn't allow him to sign for a relegation rival - now we have our man, a perfect replacement for Nelsen & Ferdinand, we should all be really happy. So on the bright side, we are still in the Premier League and saved a hefty wage bill and transfer fee for the past year. I'm sure Samba is also much happier to be back in UK, rather than having to endure those racist Russian supporter clowns with their banana treatment.
Its looking all to familiar this......The owners have dug themselves into a hole and the only way out is through administration so wages are not an issue as they can name any figure they want as by next season the likelihood is administration.... One last throw of the dice and the F.A are watching and will pounce the minute murmurs start to appear from qpr that they are struggling to pay the wages and qpr will be in big trouble...these guys wont care they will just move on with their comfortable lives....what a way to run a club....others have tried non have succeeded
A lot of Swans fans on this site seem decent posters, you Dai seem to be a bit of a twat. Shame really.
Why do people believe automatically believe what the BBC and the like state about how much we are paying to players? How do they know its true? All their points are based on pure speculation.
No son im the voice of reason and have seen it all before. Its the classic of trying to buy your way out of trouble and it never works...cardiff,leeds,pompey, are recent examples and there are a number of smaller clubs like plymouth, wrexham and more who all done what your owners are doing....Its a way of stupidity but a way out for the owners at the end of the day....It gives fans false hope which you will soon find out...bigger better clubs have tried and failed just watch this space...
