casbahowl Posted February 20 Author Share Posted February 20 QPR this morning have posted losses of £20m+ for the second consecutive season! Link to comment Share on other sites More sharing options...
royalowlisback Posted February 20 Share Posted February 20 9 minutes ago, casbahowl said: QPR this morning have posted losses of £20m+ for the second consecutive season! Anybody know what losses/profit was before the last 2 seasons - have they breached the £39m over 3 years? Link to comment Share on other sites More sharing options...
royalowlisback Posted February 20 Share Posted February 20 Just looked at one of the QPR fans forums. They suggest they have lost exactly £39m over the last 3 years - so are right on the very edge of allowed losses..... Link to comment Share on other sites More sharing options...
casbahowl Posted February 20 Author Share Posted February 20 2 minutes ago, royalowlisback said: Just looked at one of the QPR fans forums. They suggest they have lost exactly £39m over the last 3 years - so are right on the very edge of allowed losses..... Seems convenient! 4 1 Link to comment Share on other sites More sharing options...
oh_weds_we_love_you Posted February 20 Share Posted February 20 16 minutes ago, casbahowl said: QPR this morning have posted losses of £20m+ for the second consecutive season! 3 minutes ago, royalowlisback said: Just looked at one of the QPR fans forums. They suggest they have lost exactly £39m over the last 3 years - so are right on the very edge of allowed losses..... This suggests QPR made a profit the first of the three seasons...? 1 Link to comment Share on other sites More sharing options...
bdmfournil Posted February 20 Share Posted February 20 According to companies house: - 2020 - £16,393,000 2021 - £4,114,000 2022 - £24,667,000 2023 - £20,337,000 That is a loss of £49,118,000 over the last three years 3 Link to comment Share on other sites More sharing options...
oh_weds_we_love_you Posted February 20 Share Posted February 20 4 minutes ago, bdmfournil said: According to companies house: - 2020 - £16,393,000 2021 - £4,114,000 2022 - £24,667,000 2023 - £20,337,000 That is a loss of £49,118,000 over the last three years Thanks! Be interesting to see what happens now - sure the cut off point for a deduction is around the middle of March, but it would take some quick movement from the EFL to get a punishment in time for this season. Link to comment Share on other sites More sharing options...
TamworthWednesdayite Posted February 20 Share Posted February 20 Let’s not forget that accounting loss is not the same as ffp loss. There may be some expenses in the accounts which don’t count in the ffp calcs. As much as you feel for the fans, the fact is we were punished and so you want to see consistent and fair punishments. 6 1 Link to comment Share on other sites More sharing options...
nbupperthongowl Posted February 20 Share Posted February 20 4 minutes ago, TamworthWednesdayite said: Let’s not forget that accounting loss is not the same as ffp loss. There may be some expenses in the accounts which don’t count in the ffp calcs. As much as you feel for the fans, the fact is we were punished and so you want to see consistent and fair punishments. Yep, I suspect that the additional costs that can be offset are a minimum of £10, 120,000.... convenient for everyone 1 Link to comment Share on other sites More sharing options...
casbahowl Posted February 20 Author Share Posted February 20 1 minute ago, TamworthWednesdayite said: Let’s not forget that accounting loss is not the same as ffp loss. There may be some expenses in the accounts which don’t count in the ffp calcs. As much as you feel for the fans, the fact is we were punished and so you want to see consistent and fair punishments. Good point mate but allowable expenses for 12 months in excess of £10M will bare much scrutiny ...... Especially with the separate issue of repayment of the overdue EFL fine! I would hope the likes of ourselves & Derby would be putting pressure on the EFL re the level playing field! 2 Link to comment Share on other sites More sharing options...
casbahowl Posted February 20 Author Share Posted February 20 (edited) QPR really are takingthepiss ........... Wages/Revenue 96% ..... Down from 110% Edited February 20 by casbahowl Link to comment Share on other sites More sharing options...
alanharper Posted February 20 Share Posted February 20 19 minutes ago, TamworthWednesdayite said: Let’s not forget that accounting loss is not the same as ffp loss. There may be some expenses in the accounts which don’t count in the ffp calcs. As much as you feel for the fans, the fact is we were punished and so you want to see consistent and fair punishments. We were mainly punished due to a certain somebody trying to fiddle the accounts by putting a large sum into the wrong year. Had he not and we'd got done purely for breaching FFP instead the punishment may not even have been so severe. Link to comment Share on other sites More sharing options...
Tommy Crawshaw Posted February 20 Share Posted February 20 Didn't the new Profit & Sustainability rules brought in a couple of years ago, determine the 3 year accounting period included the previous 2 seasons accounts and a forecast for the current season. These figures have to be submitted before the end of February. With the EFL having the power to enforce any punishments before the end of the current season. Link to comment Share on other sites More sharing options...
owls-swfc Posted March 27 Share Posted March 27 Any updates on this .....time is running out ... Link to comment Share on other sites More sharing options...
unkastav Posted March 27 Share Posted March 27 1 hour ago, owls-swfc said: Any updates on this .....time is running out ... Yeah. No points deduction and Chair still their best player coooooonts 3 Link to comment Share on other sites More sharing options...
island owl Posted March 27 Share Posted March 27 just be our luck for any points deduction to be next year Link to comment Share on other sites More sharing options...
OxOwl Posted March 27 Share Posted March 27 And they stay up again! Link to comment Share on other sites More sharing options...
Blue and white Posted March 27 Share Posted March 27 Of course it will work out in their favour this year, there a London club innit. 2 Link to comment Share on other sites More sharing options...
Beauchief Owl Posted March 27 Share Posted March 27 They still owe 10.2 million from cheating their way to the PL. How come they've not had points deductions for that in the last five years? 3 Link to comment Share on other sites More sharing options...
McRightSide Posted March 27 Share Posted March 27 COVID allowances the key question Link to comment Share on other sites More sharing options...
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