QPR woes continue as club fear £58million Financial Fair Play fine and the possibility of losing sta

• Scotland are so bad that the rivalry with England is a myth

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QPR woes continue as club fear £58million Financial Fair Play fine and the possibility of losing star striker Charlie Austin

• QPR accounts show they could still face a big Financial Fair Play fine
• The fine could cost the west London club a whopping £58million
• They also face the possibility of losing star striker Charlie Austin
• Austin has been offered a new contract as other clubs look to take pounce

By Sam Cunningham for the Daily Mail and Nick Harris for the Daily Mail
Published: 00:12 GMT, 14 March 2015 | Updated: 01:24 GMT, 14 March 2015
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The woes have increased for Queens Park Rangers, with the club fearing they will lose star striker Charlie Austin in the summer and their accounts showing they could still face a Financial Fair Play fine of nearly £58million.
The club are in deep relegation trouble, three points adrift of safety, and have a crucial match away to Crystal Palace at lunchtime on Saturday.
They have not won in their previous 11 matches against London clubs and the game will be played against a backdrop of an uncertain future.

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Manager Chris Ramsey insists that Charlie Austin will not be allowed to leave QPR for a paltry fee
Manager Chris Ramsey admitted that Austin, whose contract runs out at the end of next season, could leave in the summer, but is adamant they will not let him go for a paltry fee.
Austin has been in red-hot form in his debut season in the Barclays Premier League with 15 goals — just behind Harry Kane on 16 and top scorers Sergio Aguero and Diego Costa on 17.
The 25-year-old has played his way into contention when Roy Hodgson announces his England squad next week to play in the Euro 2016 qualifier against Lithuania and friendly versus Italy later this month. Hodgson was at Loftus Road to see Austin score a fine strike against Arsenal 10 days ago, despite Rangers losing.

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Austin has been in red-hot form in his debut season in the Barclays Premier League with 15 goals

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Austin celebrates scoring his second goal during the Premier League match against West Bromwich Albion
Ramsey admitted: ‘When somebody sparkles there’s always people in there to poach them or to buy them and make their clubs better.
‘So we would be foolish not to be worried we’re going to lose him. We hope we don’t and we’re glad he’s performed in a way that other teams are trying to secure his services.
‘He’s one of the top strikers in the country, it’s not my decision whether he stays or goes, but any top striker always goes for top dollar.’
QPR have opened talks with Austin over a new, £60,000-a-week deal, but he is keen to wait until the end of the season before making a decision.

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Austin has been offered a new deal at Loftus Road but will wait until the end of the season to make a decision
To make matters worse, the club’s financial accounts for the 2013-14 season when they were in the Championship, filed at Companies House on Friday, show that their ‘real’ losses last season were almost £70m. The Football League’s complex FFP rules are designed to discourage rich owners buying success and endangering the health of their clubs. A tariff of fines is in place for clubs that massively overspend.
Earlier this month, QPR announced they had made a loss of £9.8m but the accounts now prove the smaller loss figure was only possible because of owners — mainly Tony Fernandes — wrote off £60m of old loans in an ‘exceptional item’ in the accounts.

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Qpr owners including Tony Fernandes wrote off £60million worth of old loans in the accounts
Effectively, QPR counted that write-off as extra income. But that money is noted in the accounts as being a ‘related-party transaction’ — and the Football League’s own FFP regulations explicitly rule out related party moves of the kind QPR have undertaken, to prevent ‘artificially’ lowered losses. If the League decide QPR’s ‘real’ losses are £69.8m, the FFP fine they potentially face will be £57.9m.
QPR declined to comment and remain in talks with the Football League. Whatever is decided, refusal to pay a fine could result in their expulsion to non-League football.


Read more: http://www.dailymail.co.uk/sport/football/article-2994248/QPR-woes-continue-club-fear-58million-Financial-Fair-Play-fine-possibility-losing-star-striker-Charlie-Austin.html#ixzz3UJzv9Jf8
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All speculation.

I have a suspicion that FFP will self implode when it arrives at its first real test in a legal context.

When there's eye watering sums being quoted, you can guarantee that the top lawyers will have a field day tearing these appalling ruled apart.

Football has a habit of flag waving over crazy ideas only return to a common sense approach with a whimper.

Look at the Qatar World Cup - stubbornly committed to a Summer timetable against a backdrop of derision. After much hand wringing it's now reverted to what everyone else was saying and thinking.

Here's a great one-liner borrowed shamelessly from the 80's:

FFP will eat itself!

 

Totally agree there are too many other legal issues on FFP for case against us to succeed Firstly new much reduced rules have been published for 2015/16 meaning under Lex Mitior rules the lesser punishment would apply .(£39m over 3 years) Secondly current case in EU court if judged against FFP would make regulation illegal .Finally as previos ly said quality briefs will rip regulation to bits when related to Company Law & accounting rules

 

Bottom line is this regardless of what people think law is that is just about money

It's their league and if they vote out we are gone to non league

We refuse to pay a fine then they are within their rights to demote us

 

Facts are some stupid people on here actually believed the loans are written off

TF is a terrible business man and will walk away

 

FFP. It has to be one of the most erroneous concepts ever dreamed up by the idiots that run the game.
They say they want to protect the Clubs from damaging their own futures, so what will they do? Fine them so that their future is damaged and endangered!!

 

FFP may be deeply flawed, but it wasn't designed to extract huge amounts of money from clubs through fines, it was designed to stop/ discourage owners from doing exactly what Fernandes has done - which is put our club at risk through reckless financial management. The finances of the club are wrecked even without an FFP fine. Fernandes gambled that we would never be relegated and lost, pure stupidity. Fernandes is the only person to blame for this (sorry if this upsets those who feel we shouldn't voice an opinion in case he ****s us even further in a fit of pique).

The FL may well think if they drive us to the wall it will act as a positive example to other clubs and prevent similar idiocy in the future. They may feel some sympathy for us, the blameless fans, but also think that driving us out of business is less damaging to lose a small west London club, where there are plenty of alternatives around, than the sole club in another town/city.

 

Drive a club out of business?

That's what these regulations are there for is it? It's just madness!!

 

We will only be driven out of business if Fernandes refuses to pay the fine and loses a court case to contest it. Fernandes got us in this mess, not the FL which doubtless naively thought no set of owners would be stupid enough to get themselves in this position, and he needs to take the responsibility for getting us out of it.

 

Agreed. I think the owners will pay any fine that is forthcoming, rather than see the club relegated to The Conference.
However, I can honestly see the Lawyers getting the claim thrown out.

 

FFP is not the law of the land purely a club membership rule it will always fail in the face of a full legal argument plus as i said earlier EU ruling under process at present it will be like Bosman ruling.Imposed above FFP regulations only overall winners will be lawyers

 

The conundrum of FFP is that, in theory, it will be self - perpetuating. If we pay a £58 million fine we will be facing a deficit of more than £100 million this season incurring a bigger fine next season. I'm sure any junior lawyer would ridicule the whole concept in court and it would be thrown out under any one of the EU's restrictive practice's or competition laws...

 

FFP as SB said is there to protect
Because our club has chosen to think we are above it must have some knock ons

It's not fair to allow money bags to dictate football and the football league runs its own business

Anyone on here who thinks we can influence rules just because we think it's wrong and unfair is deluded

I agree there look to be be many loopholes but what person in the world would talk about stability for a business and then throw caution to the wind

The QPR accounts are a mess and the release of this latest event is just a PR campaign to brainwash our fans maybe even an exit plan for TF who knows

But to me it smells of **** and a position we have put ourselves in because we have been unwise to think we are running before we can walk

TF no doubt will be more interested in looking after his image than the club Business men do not throw money away especially if it's there fault ion the first place

I am certain this is all about reducing the fine that's all so therefore it's about money and yet fans on here believe that 60m is just written off

Daft any which way you look at it

There should be some degree of genius fear about QPR which is our club lads ... Words may not help us

 

We will have to gamble in court but we could also be playing Dagenham

 

Way too harsh. Air Asia is rags to riches against the backdrop of 9/11.
However, his success as QPR chairman remains to be seen.

 

Explain to me then why Citeh, Chelscum, United etc....can bank role their teams to a far greater degree than we have and get away with it..but the smaller teams have been/will be punished (remember it is not just us but other teams are effected too like Leicester and Hull, and currently Forest).

 

Off to the match tbc

 

Because they have little chance of being relegated and they are established at the top of the tree and don't care