QPR, FFP?
Sat May 24, 2014 7:24 am
It seems QPR are destined to fall foul of the FA's Financial Fair Play rules. Some estimate the fine to be £40m-£50m. And they aren't even promoted yet!! The club has the reputation of throwing money in the hope of gaining success but surely this is a step too far.
The parallels with our club cannot be denied and should not be ignored IMHO. They have a rich benefactor who is willing to invest heavily in players to build a promotion-competitive squad and they have been in the PL before.
Where I think we differ is that we will, if I'm right, manage the acquisitions and sales in a balanced way. The transfer bill needs to be balanced with the players leaving for pastures new and the wages bill needs to be moderated because if we end up not quite gaining promotion immediately, we aren't relying on prize money and future TV payments.
Let's not forget: If we are fined, it is a further burden on our huge debt to Tan.
The positive here is that it is a reason for Tan to avoid totally reneging on his promise to convert debt to equity. After all, this will show as an effective lowering of losses and so limit the fine.
I know some will accuse me of negativity but I see this as a genuine opportunity to start building towards the more effective running of our club.
The parallels with our club cannot be denied and should not be ignored IMHO. They have a rich benefactor who is willing to invest heavily in players to build a promotion-competitive squad and they have been in the PL before.
Where I think we differ is that we will, if I'm right, manage the acquisitions and sales in a balanced way. The transfer bill needs to be balanced with the players leaving for pastures new and the wages bill needs to be moderated because if we end up not quite gaining promotion immediately, we aren't relying on prize money and future TV payments.
Let's not forget: If we are fined, it is a further burden on our huge debt to Tan.
The positive here is that it is a reason for Tan to avoid totally reneging on his promise to convert debt to equity. After all, this will show as an effective lowering of losses and so limit the fine.
I know some will accuse me of negativity but I see this as a genuine opportunity to start building towards the more effective running of our club.
Re: QPR, FFP?
Sat May 24, 2014 7:35 am
I'm sure QPR will get they're Lawyers on the case and wiggle out of it.