Club Statement

Make of it what you will. I haven't read the many media pieces this week so don't really have any understanding of the issues so I'm going with my feeling that TF is a genuine guy and if he says not to worry, I'm not going to let this weeks news ruin my weekend.

http://www.qpr.co.uk/news/article/070314-club-statement-1403668.aspx

 

Reassuring statement, but should have been made alongside the publication of the accounts.

 

"When we bought this club there were no assets. We had to build from the ground up.

Now we have great assets and we are in a position where we can use this asset base to develop our squad, without the need to invest new capital"

Anyone care to shed light on what he means by this?

 

Probably some of the players and I guess there may be an option on the new stadium which might have some value

 

Means rather than pumping too much more of their own cash in for sigings we’ll sell Adel, Remy, possibly even Granero and use that to buy new players in the summer

Kind of did it this year- Phillips, Austin and Henry in for £10m- Samba out the door for £10-£12m. So while it was money back for Samba this wasn’t ‘new capital’

 

Don't get analysis paralysis! Damn good statement and I, for one, am happy to accept it at face value.

 

This. Maybe I'm being naive but I trust Tony and the board.

 

They've got the training ground land and soon to have the new group land, plus of course the players, trouble is most of the players have negative value as they are so overpaid.
We only have about 8 proper players after the summer not including remy, Cesar, mbia etc

 

This for me is a very refreshing and uplifting statement from our uncle Tony and the board.

I'm no financial expert but I was concerned about the accounts side of our club and also that our owners would get cold feet sooner rather than later.

We very well may not go up this season but I feel much better knowing we have good owners who will stand by us while we keep trying. It may take a few attempts but wont be long.

We will have new state of the art training facility's and a new ground in the not too distant future. Just by having the new training ground it would help us attract and keep hold of better quality players in future.

Our future is bright.

URRRRRRs!

 

So half your teams out of contract in the summer,[no need to invest new capital]looks like free transfers in as replacements then and your not worried ?.Starting to look like a long stay in the Championship if you don't go up this season.

 

We do have loads of players out of contract correct, but we also have 3 players who are out on loan who have big sale values:

Remy (bought for £8m - worth much more)
Taarabt (bought for £1m - worth much more)
Granero (bought for £6m - will get that back)

Plus the likes of Mbia and Park who are out of contract which will save loads on wages.

The funds from those sales will provide plenty to rebuild the squad with, not to mention the money saved on wages from the above and all the other out of contract players.

 

ok that does seem better,thought I must be missing something.

 

We built this city on rock & roll!

 

We have **** players on large wages leaving, we could replace them with £3-4m buys and still save money as long as we don't offer more than 20k a week.
Eg zamora and Johnson were sucking £5m a year out of the club for no return.

 

That's a reassuring statement. Hope he means it..........I think he does!

 

I bet Mittal probably has more than £177million down the back of his sofa!...

 

Don't know about his sofa, but he probably earns that in interest on his net worth in less than a week

 

Our debts are probably less than the interest mittal makes in a year.

The club is only I debt if the owners decide to dump it on us, so far they've made it clear it's their debt.

Which is probably why there are rumblings that we are going to challenge the FFP rules. The rules were meant to keep chairman in line who ran up debts in the clubs name, our owners are prepared to bankroll us which is very different, so they might have a case to take to court.

Let's face it, every sensible person wants FFP, but in a sensible form, but how on earth is fining a club that is in debt by as much as 100% of that debt? The FA strikes again.

 

Also, are we fine if they pay off that debt to the club?

I really hate owners spending money they have (like wright) but only in the form of a loan which they will want back or they don't have(like Portsmouth). I'd like to see owners actually forced to hand over the money and I think that should be out of FFP because they aren't sending the club down the toilet.

 

The key point for me is that the Financial results won't be a surprise to the board. It might be for us, but not for the guys writing cheques to and from the club.

These people don't achieve success by suddenly waking up and realising they've blown millions.

They'll also have projections, plans and milestones for the future.

No reason to worry any more than normal! :0/