UEFA List QPR As Fifth Most Debt Ridden European Club

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Rbee
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UEFA List QPR As Fifth Most Debt Ridden European Club

Post by Rbee » Wed Jul 05, 2017 9:12 am

It may come as no surprise to many but according to UEFA's European Club Footballing Landscape report QPR have been ranked fifth as Europe's most debt ridden club.

Their next accounts, which will cover 31 May 2017 through to 28 February 2018 should be published in May 2018. In the meantime the club owners, Tune Group (55%), Ruben Gnanalingam (33%) and Lakshmi Mittal (11%) need to find that magic formula and the ever elusive 'Money Tree' if we are ever to get out of this mess.

Top 20 European clubs by net debt

You're going to love this - NOT!

1. Manchester United - €536m
2. Benfica - €336m
3. Inter Milan - €306m
4. Valencia - €285m
5. QPR - €279m
6. AC Milan - €249m
7. CSKA Moscow - €224m
8. Galatasaray - €222m
9. Juventus - €209m
10. Roma - €208m
11. Sunderland - €208m
12. PSG - €186m
13. Fenerbahçe - €166m
14. Dinamo Moscow - €164m
15. Atlético de Madrid - €164M
16. Liverpool - €163m
17. Olympique Lyonnais - €159m
18. Monaco - €148m
19. Copenhagen - €138m
20. Schalke 04 - €137m


So what is the answer?

Sack the board?
Find new Middle East owners with deep pockets?
Fans club together (similar to Portsmouth FC) and buy the club?

In my opinion the club simply cannot sustain this sort of debt. I mean, I wonder how much we're paying back in interest.

Oh well, I'm just a meaningless obscure face hiding behind my screen - I am not worthy - I will never be taken seriously - I'm just a fan who just happens to have supported the club for the best part of 40 years and yet no one cares what I have to say.

Any of the above resonate with you?

If you love your facts and figures and you want to see the UEFA's European Club Footballing Landscape report then feel free to TAP/CLICK HERE.

Read more: http://www.qpr.vitalfootball.co.uk/arti ... z4lwlD5TlI

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Crabsandwich
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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by Crabsandwich » Wed Jul 05, 2017 9:24 am

Fake news, innit?

2015 accounts...

Image

http://swissramble.blogspot.co.uk/2016/ ... t-buy.html

Which was almost completely written off by the owners...

http://www.westlondonsport.com/qpr/qprs ... e-off-180m

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Rbee
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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by Rbee » Wed Jul 05, 2017 9:38 am

I thought the same Crabbie. Perhaps written off debt is still included in these Stats?

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by 222gers » Wed Jul 05, 2017 10:16 am

Rbee wrote:
Wed Jul 05, 2017 9:12 am
It may come as no surprise to many but according to UEFA's European Club Footballing Landscape report QPR have been ranked fifth as Europe's most debt ridden club.

Their next accounts, which will cover 31 May 2017 through to 28 February 2018 should be published in May 2018. In the meantime the club owners, Tune Group (55%), Ruben Gnanalingam (33%) and Lakshmi Mittal (11%) need to find that magic formula and the ever elusive 'Money Tree' if we are ever to get out of this mess.

Top 20 European clubs by net debt

You're going to love this - NOT!

1. Manchester United - €536m
2. Benfica - €336m
3. Inter Milan - €306m
4. Valencia - €285m
5. QPR - €279m
6. AC Milan - €249m
7. CSKA Moscow - €224m
8. Galatasaray - €222m
9. Juventus - €209m
10. Roma - €208m
11. Sunderland - €208m
12. PSG - €186m
13. Fenerbahçe - €166m
14. Dinamo Moscow - €164m
15. Atlético de Madrid - €164M
16. Liverpool - €163m
17. Olympique Lyonnais - €159m
18. Monaco - €148m
19. Copenhagen - €138m
20. Schalke 04 - €137m


So what is the answer?

Sack the board?
Find new Middle East owners with deep pockets?
Fans club together (similar to Portsmouth FC) and buy the club?

In my opinion the club simply cannot sustain this sort of debt. I mean, I wonder how much we're paying back in interest.

Oh well, I'm just a meaningless obscure face hiding behind my screen - I am not worthy - I will never be taken seriously - I'm just a fan who just happens to have supported the club for the best part of 40 years and yet no one cares what I have to say.

Any of the above resonate with you?

If you love your facts and figures and you want to see the UEFA's European Club Footballing Landscape report then feel free to TAP/CLICK HERE.

Read more: http://www.qpr.vitalfootball.co.uk/arti ... z4lwlD5TlI
I thought FFP had banished the owners with deep pockets to the history books.

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by whittonhoop » Wed Jul 05, 2017 11:03 am

Didn't all the owners all say they would get us up there with the powerhouses in Europe!

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by SheepRanger » Wed Jul 05, 2017 12:00 pm

Rbee wrote:
Wed Jul 05, 2017 9:38 am
I thought the same Crabbie. Perhaps written off debt is still included in these Stats?
Or perhaps UEFA are full of incompetent malevolent fool-born ratsbanes who dont understand accountancy principles.

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by T-Block » Wed Jul 05, 2017 12:55 pm

If true we are heading the way of Orient.

I happen to think it is total rubbish that ignores the right-off by the owners.

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by Esox Lucius » Wed Jul 05, 2017 1:49 pm

I wouldn't trust those original figures at all after the "blurb" missed out Kamarudin who is CEO of Tune. More sloppy journalism by someone with an axe to grind?
It's not the despair that will kill you, it's the hope.

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by UxbridgeR » Wed Jul 05, 2017 3:36 pm

It's out of date. The most recent accounts for 2015-16 showed the net debt at just under £9M.
Are headphones getting bigger, or are idiots getting smaller ?

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by RLHOOP » Wed Jul 05, 2017 4:37 pm

UxbridgeR wrote:
Wed Jul 05, 2017 3:36 pm
It's out of date. The most recent accounts for 2015-16 showed the net debt at just under £9M.
Just 100% of gate receipts. Phew.

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by SheepRanger » Thu Jul 06, 2017 7:18 am

RLHOOP wrote:
Wed Jul 05, 2017 4:37 pm
UxbridgeR wrote:
Wed Jul 05, 2017 3:36 pm
It's out of date. The most recent accounts for 2015-16 showed the net debt at just under £9M.
Just 100% of gate receipts. Phew.
In a recent interview Hoos said the stadium cost £8m to operate a year against annual gate receipts of £5m.

We need another marketing deal wifh sellotape to balance the books!!!

aniwall

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by Esox Lucius » Thu Jul 06, 2017 1:51 pm

What are the odds that this won't affect QPR? http://www.bbc.co.uk/sport/football/40505296
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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by Bear-Grills » Thu Jul 06, 2017 5:28 pm

Esox Lucius wrote:
Thu Jul 06, 2017 1:51 pm
What are the odds that this won't affect QPR? http://www.bbc.co.uk/sport/football/40505296
If there's a soft turd on the pavement we'll step on it
If drink isn't the answer, you were asked the wrong question

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Re: UEFA List QPR As Fifth Most Debt Ridden European Club

Post by 222gers » Thu Jul 06, 2017 5:39 pm

Bear-Grills wrote:
Thu Jul 06, 2017 5:28 pm
Esox Lucius wrote:
Thu Jul 06, 2017 1:51 pm
What are the odds that this won't affect QPR? http://www.bbc.co.uk/sport/football/40505296
If there's a soft turd on the pavement we'll step on it
Not a very elegant statement but very true nonetheless !

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