The Madness Of Queens Park Rangers’ Annual Accounts

Ian

Ian began writing Twohundredpercent in May 2006. He lives in Brighton. He has also written for, amongst others, Pitch Invasion, FC Business Magazine, The Score, When Saturday Comes, Stand Against Modern Football and The Football Supporter. Ian was the first winner of the Socrates Award For Not Being Dead Yet at the 2010 NOPA awards for football bloggers.

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5 Responses

  1. Simon says:

    Can not think anything over the board walking away.. or they hang on to realize there dream of new stadium housing leisure

  2. Jertzee says:

    From the BBC:
    On the day Tony Fernandes bought Queens Park Rangers, he spoke of prudence and stability.

    He would not bankroll the club, he said. QPR would be run with common sense, good judgment – a model of how to succeed in a world where the value of footballers had become “completely inflated.”

    “Football needs to change,” he declared. “There are clubs out there who are spending money that if they were in a real business they could not afford. That inflates it for everybody. For the sake of football, proper business sense has to be made.”

  3. James says:

    Prudence and stability? That’ll be why he hired Harry Redknapp then. Harry strikes again.

  4. Harry says:

    I submit that this was all more or less intentional on the part of the new owners. Take over the football club, put it in debt to yourself, eventually seize assets (prime real estate) and write off debt. What are the owners left with? Land they can develop for tourism/leisure/residential use in the primest of prime markets. Loftus Rd? Warren Farm? The new stadium? That’s why they hired Beard to run things – he has experience with London property boondoggles. This is a huge swizz. Fernandes and Bhatia feign interest in football for PR reasons, that is all.

  1. March 9, 2014

    […] 9 March ~ Queens Park Rangers released their annual accounts this week, revealing that they lost £65 million in the 2012-13 season when they were ultimately relegated from the Premier League. Players wages made up for 128 per cent of their entire turnover in that period, with the total debt standing at £177m as of last summer. While the majority of that is owed to people associated with the club, questions are still being asked about the long-term sustainability of the club as Financial Fair Play kicks in and their Championship promotion bid is been stumbling. Two Hundred Percent have looked at QPR’s future. […]

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