Voinjama Posted October 26, 2013 Share Posted October 26, 2013 Dr Pangloss and a few others said he was a 'shit manager'. Link to comment Share on other sites More sharing options...
Avfc96 Posted November 16, 2013 Share Posted November 16, 2013 http://www.dailymail.co.uk/sport/football/article-2508505/QPR-face-record-fine-losing-80million.html?ico=sport^headlines Queens Park Rangers are on course to be hit with the biggest fine in British football history, which, in a worse-case scenario, could top £60 million. Ironically, it will be imposed because of the amount of money they are losing — believed to be a huge £80m for last season — and will compound their financial troubles, perhaps sparking meltdown. They have racked up big debts and massive annual losses largely through signing dozens of players on huge contracts in recent seasons, including Chris Samba, Park Ji-Sung, Julio Cesar, Jermaine Jenas, Loic Remy and others, most of whom remain on the club’s books, draining their resources with contracts worth up to £100,000 a week. Big money signing: Jermaine Jenas signed by Harry Redknapp in January 2013 from Tottenham on 18-month contract worth £50,000 a week If QPR are promoted this season, the fine will be levied in January 2015 by the Football League under their new Financial Fair Play (FFP) rules, which will see overspending clubs ‘taxed’ on their losses. Rangers are currently favourites to go up to the Premier League from the Championship this season. They could avoid a fine — or at least postpone it — if they fail to get promoted. In that case, they will be hit with a lengthy transfer embargo. The mathematics are complicated, but in broad terms, Championship clubs will pay a £1 fine for every £1 they lose over £18m in the 2013-14 financial year. Short stay: Chris Samba Spent six months at QPR to July 2013 on £100,000 a week. His 10 Premier League games cost £2.5m in wages Sources familiar with QPR’s financial situation have told The Mail on Sunday that the club will post losses for 2012-13 of about £80m. The club are not obliged to publish those accounts until next spring and have declined to comment. Rangers are two-thirds owned by Malaysian businessman Tony Fernandes and one-third by the Mittal family. Fernandes’s majority shareholding gives him ultimate power and it is he who sanctioned the hiring of Mark Hughes and then Harry Redknapp, allowing both to sign large groups of players. It is expected that the club will record another massive deficit for the current season, and it is the losses in 2013-14 that will be measured to calculate any fine. If QPR’s losses for the season are £80m, the fine will be about £62m. That would equate to roughly all of QPR’s Premier League income (if they are promoted) for next season. Even if 2013-14 losses are as ‘low’ as £60m, a fine of more than £40m would follow. ‘This is the first season in which clubs will ultimately face sanctions [for over-spending],’ a Football League spokesman told The Mail on Sunday. ‘Clubs have to submit their accounts for 2013-14 to us by December 1, 2014, with sanctions levied early in 2015. If a club being sanctioned are in the Premier League by then, the fine will need to be paid.’ QPR’s accounts for 2012-13, in which they were relegated from the Premier League, have not been made public, nor will the club confirm when they will be. Asked to comment on their expected losses last season and this season, and on the potentially destructive fines, a Loftus Road spokesman said: ‘The club will be making no comment on [these] matters at this time.’ Expensive hands: Julio Cesar signed from Inter Milan on four-year deal in summer 2012. Out of favour now, but earning £90,000 a week The Mail on Sunday can reveal that the Football League plan to donate fines levied under their FFP rules to charity. It had previously been expected that fines paid by overspending clubs would be shared among clubs who stayed within the rules and did not lose huge amounts while trying to ‘buy’ success. But a senior FL source says giving the fines to charity is now the preferred option ‘for a number of political reasons’. The last publicly available accounts for QPR relate to the 2011-12 season, when they made a loss of £22.6m, had debts of £89m and a wage bill that had almost doubled year-on-year from £29.7m to £58.4m. Park Ji-Sung moved from Manchester United in July 2012 for £2m. Now on loan at PSV with QPR paying most of his £70,000-a-week wage That huge wage bill was before they signed high-earning players like Samba, Park, Rob Green, Junior Hoilett, Ryan Nelsen, Jose Bosingwa, Julio Cesar, Stephane Mbia, Remy and Jenas. The wage bill for QPR’s relegation season is expected to be about £90m, or, by itself, about 150 per cent of the club’s total income of about £65m. A ‘sensible’ wage ratio is closer to 50 per cent of turnover. They have cut some costs since last season, releasing or selling 11 players in the summer including Samba, Bosingwa and Anton Ferdinand. But they also signed eight new players on permanent deals and loaned three others including Benoit Assou-Ekotto from Tottenham and Niko Kranjcar from Dynamo Kiev. QPR’s income will also have plunged between last season in the Premier League and this season in the Championship, largely through reduction in TV money. Read more: http://www.dailymail.co.uk/sport/football/article-2508505/QPR-face-record-fine-losing-80million.html#ixzz2kr4SixQa Follow us: @MailOnline on Twitter | DailyMail on Facebook Link to comment Share on other sites More sharing options...
Zatman Posted November 16, 2013 Share Posted November 16, 2013 Jenas getting 50k a week one of worst run clubs in history of english football 1 Link to comment Share on other sites More sharing options...
chappy Posted November 17, 2013 Share Posted November 17, 2013 However, I dont think he is as poor as is made out on here Certainly not Link to comment Share on other sites More sharing options...
Czechlad Posted November 17, 2013 Share Posted November 17, 2013 That article almost seems fake because of the ridiculous wages I read. How is the world can Hughes/Harry justify those wages? Honestly shocked to see it really is that bad. Link to comment Share on other sites More sharing options...
Dodgyknees Posted November 17, 2013 Share Posted November 17, 2013 Fining them 60m for their already stupid money problems? Stupid... Just ban them from promotion (to the prem) for 5 years. Link to comment Share on other sites More sharing options...
PompeyVillan Posted November 17, 2013 Share Posted November 17, 2013 (edited) I can't see that ever happening. Are man united not in perpetual debt? And city and Chelsea...? Edited November 17, 2013 by PompeyVillan Link to comment Share on other sites More sharing options...
Xela Posted November 17, 2013 Share Posted November 17, 2013 That article almost seems fake because of the ridiculous wages I read. How is the world can Hughes/Harry justify those wages? Honestly shocked to see it really is that bad. The manager's don't set the wages, its the Chief Executive or the owner. No fan of QPR but fining them for losing money is daft. 1 Link to comment Share on other sites More sharing options...
Morley_crosses_to_Withe Posted November 17, 2013 Share Posted November 17, 2013 I can't see that ever happening. Are man united not in perpetual debt? And city and Chelsea...? But these rules weren't designed to punish those clubs already at the table. They're designed to punish anyone looking to upset the status quo. Whilst QPR weren't necessarily spending to break into the Champions League (and in the end were just hoping to tread water), they did spend beyond their means, so now I guess it's deemed that an example needs to be made of them. It's a warning shot to anyone who HAS got plans to splash the cash in order to gatecrash the party being had by the 'big' clubs to forget it. 1 Link to comment Share on other sites More sharing options...
Mantis Posted November 17, 2013 Share Posted November 17, 2013 Jenas getting 50k a week one of worst run clubs in history of english football Ah but they are just showing "ambition". Link to comment Share on other sites More sharing options...
coda Posted November 17, 2013 Share Posted November 17, 2013 It baffles me how some of these millionaire business tycoons made their money. They act like that chav who won the lottery and is now skint. I know Lerner inherited his wealth so that may explain his profligacy. Link to comment Share on other sites More sharing options...
CarewsEyebrowDesigner Posted November 17, 2013 Share Posted November 17, 2013 They've been had by agents. Vermin, the lot of them. Link to comment Share on other sites More sharing options...
Jimzk5 Posted November 17, 2013 Share Posted November 17, 2013 The easy way round this is the same as what man city have done, according to that article qpr turn of £65million a year, but wages are 150% of that sum, so all Fernandes/mittal have to do is write a big fat cheque under the guise of say, sponsoring Loftus road as the air Asia stadium for £200million, club is in the black again. And that's why fpp won't work Link to comment Share on other sites More sharing options...
Dodgyknees Posted November 17, 2013 Share Posted November 17, 2013 Jenas getting 50k a week one of worst run clubs in history of english football Ah but they are just showing "ambition". Oh, of course, the old comment/trolling which suggests spending big money is destined to fail. Of course. It always fails. Link to comment Share on other sites More sharing options...
Mantis Posted November 17, 2013 Share Posted November 17, 2013 Jenas getting 50k a week one of worst run clubs in history of english football Ah but they are just showing "ambition". Oh, of course, the old comment/trolling which suggests spending big money is destined to fail. Of course. It always fails. I wasn't trolling, just pointing out that sometimes chucking a load of money around isn't always the best approach. Link to comment Share on other sites More sharing options...
Dodgyknees Posted November 17, 2013 Share Posted November 17, 2013 Jenas getting 50k a week one of worst run clubs in history of english football Ah but they are just showing "ambition". Oh, of course, the old comment/trolling which suggests spending big money is destined to fail. Of course. It always fails. I wasn't trolling, just pointing out that sometimes chucking a load of money around isn't always the best approach. Only when there is a chairman who let's things get out of control and puts the future of the club in jeopardy. Like Lerner for example. Link to comment Share on other sites More sharing options...
Mantis Posted November 17, 2013 Share Posted November 17, 2013 Jenas getting 50k a week one of worst run clubs in history of english football Ah but they are just showing "ambition". Oh, of course, the old comment/trolling which suggests spending big money is destined to fail. Of course. It always fails. I wasn't trolling, just pointing out that sometimes chucking a load of money around isn't always the best approach. Only when there is a chairman who let's things get out of control and puts the future of the club in jeopardy. Like Lerner for example. Indeed. Thankfully Lerner realised his mistake eventually. Link to comment Share on other sites More sharing options...
VillaChris Posted November 17, 2013 Share Posted November 17, 2013 I can't believe Julio Cesar is still there tbh, I see he was linked to Man. City in January, that would make sense. He's supposed to be actually "injured" but I don't believe that for a second. I imagine his contract stated he could leave if they got relegated so he's freezing himself out now they've gone down. Was Brazil's number one during the confed cup, has he played in any of their recent games? Link to comment Share on other sites More sharing options...
coda Posted November 17, 2013 Share Posted November 17, 2013 I can't believe Julio Cesar is still there tbh, I see he was linked to Man. City in January, that would make sense. He's supposed to be actually "injured" but I don't believe that for a second. I imagine his contract stated he could leave if they got relegated so he's freezing himself out now they've gone down. Was Brazil's number one during the confed cup, has he played in any of their recent games? They beat Honduras 5-0 today and he was a sub. Link to comment Share on other sites More sharing options...
Dodgyknees Posted November 18, 2013 Share Posted November 18, 2013 Jenas getting 50k a week one of worst run clubs in history of english football Ah but they are just showing "ambition". Oh, of course, the old comment/trolling which suggests spending big money is destined to fail. Of course. It always fails. I wasn't trolling, just pointing out that sometimes chucking a load of money around isn't always the best approach. Only when there is a chairman who let's things get out of control and puts the future of the club in jeopardy. Like Lerner for example. Indeed. Thankfully Lerner realised his mistake eventually. And strangely enough with the new bottom five budget, we are finishing near there too. Link to comment Share on other sites More sharing options...
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