http://www.therichest.com/sports/soccer-sports/the-top-ten-soccer-clubs-with-the-most-debt/10/ Interesting list
A good thing Tony & the Mittals have deep pockets. 7. Queens Park Rangers â $145 Million of Debt please log in to view this image Unlike most of the entries in this list, Queens Park Rangers (QPR) are not one of the worldâs most valuable clubs. QPR are not even participants in the top flight of their domestic league. At the end of the of the 2012/2013 English Premier League campaign, QPR were relegated from the Premier League after they finished last. As a result of their relegation from Englandâs top flight, QPRâs revenue stream shrunk. Their years in Englandâs top flight were marked with instability. In two seasons, QPR had three managers which is not a recipe for success. As a result of these managerial changes, QPR constantly brought in new players on huge wages, which they then had trouble selling in part due to their inflated wages.
Whoever wrote the list failed to do their research. Its got Liverpool listed at number 8 with debts of 110m dollars. Most of that money is owed to a private firm that was brokered by John Henry, our owner. Its been transferred to a club holding since he stepped down from that function. So we are in debt to ourselves essentially. This prevents us from paying our previous interest to RBS somehow and instead to our owner. Who pumps it back in sustainably. If this means your article is also poorly researched, only you will know if its better or worse.
It's £90m, which is what it said in the last set of published accounts. Two ways to look at this: - the debt is structured in such a way that it can be managed - we're doomed, when FFP kicks in our debt to turnover ratio is so huge that the fines will mean we skip the administration phase and simply close down Given that TF has built a very successful business through borrowing enormous amounts to buy aircraft, I reckon the first option is more likely. Also, I don't think FFP is meant to drive clubs out of existence, though I could be wrong.
And the very reason why we desperately need promotion this year, its all about the money which is only in the Premier league.
If ever a team looks fooked it's them at least we're in with a shout of promotion & the financial boost that will bring.
I dread to think what % of our total value 145 million dollars is!! It's got to be double what the clubs worth. Compared to our turnover doesn't that put us top of the list?? And why no Chelsea on there?
Chelsea made a profit last year.......if you take into account that our playing assets are probably less than £20m, given that most players are either not ours or will be out of contract in the summer, our only other asset is Loftus Road. Harlington belongs to Imperial College, and I'm not sure if the lease on the new training ground would allow us to sell it, even developed. I reckon £90m is at least 200% of our asset value. There's no point worrying about this stuff, we are in too deep now.
if you take into account that your owners are minted, then all the time he maintains an interest in the club then he has the means to bankroll whatever his vision for QPR is. The FFP laws could be by passed by accountants although not the spirit of the law. the problem we have as fans we are here for the long haul unlike owners. i think i can remember us haveing 6 different owners and i ko you have had a few.
Agree totally that we are in too deep now and the Gambler in me says keep on throwing the dice - but this time try and load them! However there are some signs that Tony and his closest team are worrying about this. The recruitment policy for this year has been far removed from the past years (a good thing IMO) but now may be going too far the other way - whereas last year in Jan we spent audaciously trying for a miracle, this year we have not invested in something that was far more conceivable. I'm sure (But only my opinion) that this season's accounts will be even worse as I cannot see how teams like Sociedad, PSV and Sevilla have been paying even a high % of the salaries of their respective loanees topped up by a massive overload of overpayed players ala SWP, Zamora and with far less income. My only concern for our club is what happens if we do not reach this apparent Holy Grail? I too, believe that FFP was developed with the intention of providing a fairer playing field and taking away this burden from clubs feeling they need to wash away their inheritance in order to compete, but ..... We have seen before that the reality of new rules and legislation dont always match up to the spirit and context they were created for. It is scary though when you think about it 200% of your net worth - cheers Stan that's cheered me up no end!!
Our playing assets are only worth £20mill? Just because you ran out of fingers and toes to count on doesn't mean you have to post such rubbish, Remy is £10mill minimum on his own!
of course not until we get the new ground. this means the whiners who want to stay at LR are the ones who want to put our club out of business or go to L2 where our ground deserves to be.
I forgot about Remy, and Taarabt. Them, Phillips and Austin worth something, if they hit form/pass medicals. How much for the rest of our players in contract after the end of June? Nice little insulting post, bet you know how to make friends and influence people.
Couldn't resist it sorry, if you had said anything other then £10mill or £20mill I would have just pointed out that the squad value is probably nearer to £40mill. Even some of the players who get a lot of stick would probably by sold for a mill or so!
I may be wrong but I seem to recall that Abramovich held most of Chelsea's debt and a year or so back he converted it into equity (shares) in the club. This is an easy way to reduce headline debt (easy if you have the money) and our owners could do the same, if they are so minded. I don't know much about FFP but I think there is a requirement, inter alia, to limit annual losses. This is something we, QPR, may find more difficult to come to terms with, given our (relatively modest) spending on transfers and (relatively extravagant) wage bill.
