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New financial rules would have cost QPR £15m fine


Ken Tone
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http://www.telegraph.co.uk/sport/football/competitions/championship/9212717/Championship-clubs-to-vote-on-tough-financial-fair-play-plan-that-would-have-cost-QPR-a-15m-fine.html

 

Well, possible new rules that the NPC clubs are about to vote on. We'd be ok because the Liebherrs converted the debt into equity, but most clubs whose owners only lend them money would be stuffed. Designed to stop another portsmouth etc presumably.

 

Wonder how Reading would have fared under this. With £3m spent on a 34 year old, their policy changed radically with the half-way takeover by the Russian? That money must surely be a loan, for now at least, since the Russians have not yet been allowed to actually buy the club properly?

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We don't know what ours currently are.

 

Yes we do, it was released a month or so ago. Around 90% but that included a 1.5 million payout (Which we can presume was for Pardew). Obviously very high, but will fall like a stone when we get promoted.

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Yes we do, it was released a month or so ago. Around 90% but that included a 1.5 million payout (Which we can presume was for Pardew). Obviously very high, but will fall like a stone when we get promoted.

No, those figures were based on last season. They're nearly a year out of date now, and since then we've made a number of relatively high-profile signings and given existing first-team players new contracts.

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No, those figures were based on last season. They're nearly a year out of date now, and since then we've made a number of relatively high-profile signings and given existing first-team players new contracts.

 

Steve, when I am after accurate, well informed responses, I will ask for them, until then can you just go with the flow of the rest of the board.

 

Cheers

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No, those figures were based on last season. They're nearly a year out of date now, and since then we've made a number of relatively high-profile signings and given existing first-team players new contracts.

 

Worth noting that nearly half NPC clubs had wages that exceeded 100 per cent of turnover. Even with the additional revenue coming in, would be surprised it ours have stayed south of that figure this season.

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Worth noting that nearly half NPC clubs had wages that exceeded 100 per cent of turnover. Even with the additional revenue coming in, would be surprised it ours have stayed south of that figure this season.

Given the £12m received from Chamberlain which will be in this season's accounts (transfer fees received are accounted for immediately, unlike transfer fees paid), we'd have had to have awarded some ludicrous contracts to new signings to go above 93% this season, IMO.

 

Add in an extra £4-5m in TV revenue, increased season ticket revenue with the 30% price rise, increased attendances, etc.

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