We're just lucky we got most of our money back on Chris Samba, or our current financial situation would be even worse.
Perhaps for Tony & Mittal, QPR (and Caterham F1 for Tony) are a useful tax loss to offset profits in their other more successful businesses?
Nope- this was our accounts to May 2013- Samba was sold in July 2013 so it isnât taken into account
Karen Brady isn't impressed: "QPR announce the club lost £65million last year. Whenever I hear the name Tony Fernandes I do have to smile. He once offered David Sullivan and I the chance to go into business with him. He offered to buy half our club for nothing on the basis that it would be worth more with him running it than 100% would be worth with us running it. We politely declined! What he didn't understand is football is not like running a normal business and many talented people have failed to be even moderately successful in football. In numerous cases, from Derby to Palace, the club has taken the owner's entire wealth and left them with nothing. West Ham, on the other hand, will be posting profits this year and our revenues are now the 8th highest in the Prem. Plus we are moving the the third largest stadium in the PL in 2016 and turnover is up over £120million. Some say that if you want to make a small fortune out of football, start with a large one! Poor Tony."
How patronising, especially when you remember that she has never risked anything running her own business, she's just followed pornographers about for 20 years. Not qualified to pass judgement.
Fans are 100m from the goal and well over 200m to the other goal, they will need binoculars. They will bomb there, its an awful stadium and there will be nowhere to move to and they will spunk the money gained on the ground sale on another Carroll.
As we've stated, our finances are a basket-case, we don't need Lady Porn to tell us how to run our club. She fails to mention that West Ham actually took loans out against this season's PL payments to finance Andy Carroll's deal, and they faced oblivion if they'd gone down. She's lucky that even without Carroll the Hammers have turned it round just in time, that's how fine the line can be when 'gambling' on players to dig you out of a hole...
