Queens Park Rangers

[Chazza]

Remy to Newcastle and Taarabt to Fulham both on loan for the season.

[Bender]

Ravel Morrison decides to whip out a cigarette after being subbed yesterday v Leeds

[Fredo]

[danperkins]

wtf!

[Chilts33]

What an oxygen thief!

[Bender]

Retweeted by Matt Dickinson
Ben Rumsby @ben_rumsby 5m
After posting losses of £65.4m, QPR could face a fine of £47m if they are promoted this season.

[Fosterbloke]

Retweeted by Matt Dickinson
Ben Rumsby @ben_rumsby 5m
After posting losses of £65.4m, QPR could face a fine of £47m if they are promoted this season.

A fine of £47m? That sounds a bit far fetched to me.

[ChesterDave]

How terribly vague. A fine for what? Traveling without a valid railcard? Painting the door of a listed building without the appropriate consents?

[RedAndWhite]

Retweeted by Matt Dickinson
Ben Rumsby @ben_rumsby 5m
After posting losses of £65.4m, QPR could face a fine of £47m if they are promoted this season.

That shounds a bit stupid - basically - so you lost loads of money, so we are goiing to fine you even more!!!

[Shaggy]

Raphael Honigstein @honigstein
QPR spend more money on wages than Borussia Dortmund. Think about that for a moment.

[Bender]

link
Harry Redknapp side's massive losses mean that, under Football League Financial Fair Play rules, they face record fine of up to £47m if they did return to topflight this summer

The true cost of Queens Park Rangers’ desperate attempt to avoid relegation from the Premier League has been laid bare after they confirmed losses of £65.4 million last season.
The club’s 2012-13 accounts, filed with Companies House this week, expose the extent of their financial plight, which ironically could get much worse if they secure an immediate return to the top flight.
Rangers’s £41.1m spending spree last season backfired spectacularly as they finished rock bottom of the Premier League.
As well as losses almost trebling, their net debt virtually doubled from £91.4m to £177.1m, while turnover dropped from £64m to £60.6m and ticketing revenue was down from £8.4m to £8.3m.
Wages and social security costs soared from £58.5m to £78m as staff numbers increasing from 130 to 164, with players, coaches and support staff numbers up from 84 to 107.

The club’s signings in 2012-13 included Andrew Johnson, Julio Cesar, Samba Diakite, Robert Green, Stephane Mbia, Park Ji-Sung, Estaban Granero, Junior Hoilett, Jose Bosingwa, Ryan Nelsen, Christopher Samba, Loic Remy, Yun Suk-Young, Jermaine Jenas and Tal Ben Haim, while Fabio da Silva and Andros Townsend also joined on loan.
QPR’s massive losses mean that, under Football League Financial Fair Play rules that kicked in this season, they will be hit by a lengthy transfer embargo this summer if they fail to secure promotion.
Perversely, those same rules currently would see them hit with a record fine of up to £47m if they did return to the Premier League this summer.

However, they are among 11 Football League clubs that have threatened legal action over the governing body’s draconian FFP punishments.

In comments written in the financial statements of QPR Holdings Limited last November, chairman Tony Fernandes said: “Clearly in 2012-13 the club did not meet its performance targets and was relegated from the Premier League.

“A critical driver of any club’s value is its presence in the Premier League, and the club is focused on regaining its Premier League status as quickly as possible.

“The financial results reflect the club’s focus on trying to achieve on-pitch success.”
He added: “When, alongside my business partners, I purchased a majority shareholding in the club in August 2011, my goal was to turn QPR into an established Premier League club.

“Being relegated was obviously not part of our plans, but our focus and determination to achieve our long-term goals has not diminished.
“During the summer 2013 transfer window we have worked to put together a squad of players we believe will give us a good chance of achieving promotion back to the Premier League.

“At the time of writing, we have made a good start to the 2013-14 season and we remain confident that under the guidance of our manager, Harry Redknapp, we have a squad capable of challenging for promotion.

“We are confident that the 2013-14 season will also see the club continue to make progress towards achieving its short, medium and long-term off-pitch targets.”

“The group’s key short-term objective is to regain its Premier League status. The board believes that some restructuring of the playing squad is required in order to achieve this. However, they are conscious of the need for expenditure to be closely monitored and controlled.”

Fernandes played down fears QPR might struggle to cope with their mammoth losses, saying: “The directors, based on cash flow projections prepared by management and through confirmation of continuing support from the groups’ main shareholders and creditors, have a reasonable expectation that the company and the group have adequate resources to continue in existence for the foreseeable future.”

[Shaggy]

Good old Harry Redknapp, running another club into the ground.

[meffin]

Raphael Honigstein @honigstein
QPR spend more money on wages than Borussia Dortmund. Think about that for a moment.

[Rich]

Good old Harry Redknapp, running another club into the ground.

Yet he gets lauded

[john316]

QPR was a **** investment to begin with. Tiny stadium and no hope of ever improving its revenue. Can't see how they'll recover and can see a Portsmouth-like slide happening shortly.