Interesting twitter thread on the 2020-21 financial statement. Really shows what an amazing job is being done off the pitch when essentially our entire loss for last year was down to the Covid affected gate receipts. Even suggests we could have turned a profit.
Positive reading. Yet again emphasises the need to sell for a profit and keep re-investing sensibly. Huge credit to Lee Hoos and the off-field team.
Very good read. On and Off the pitch we seem to be learning from past mistakes and doing things the right way again.
Great turnaround but not out of the woods by a long way, especially wages v revenue ratio. This is a great explanation of FFP, not sure how long it’s been up but wish I had seen it sooner. https://www.qpr.co.uk/media/16782/ffp-v8.pdf
No idea if that's good or bad - but £58M in debt don't sound too grand, has it gone down or up since last years books?
Not sure without looking but I'd guess it's gone up a little. Books are very good compared to most other championship clubs. Which is a low bar.
I think that debt is mainly to the owners. They know they will never get it back unless we have a few years in the PL, but also know that throwing money at trying to get promoted is likely to end up with them in an even deeper hole. So essentially we rely on their charity, as they are still funding the day to day costs. It really is a mugs game.
Well done to Hoos and everyone else for keeping the club on an even footing during 2 years of almost no match day income....... The sale of Eze was wonderfully timed but shows how important it is to do this every year or two....... At least now we have 3 or 4 players that could generate a healthy fee....... huge credit to Warbles, Les and their teams......
