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QPR fine for breaching financial fair play

cakey
cakey Posts: 8
in General Charlton
Whatever happened about that £50 million fine that QPR incurred for breaching the financial fair play rules 2 years ago when they got promoted ?.
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Comments

  • Huskaris
    Huskaris Posts: 9,862
    The head of the football league, Katrina Meier, after much discussion hit them with a very strong, undisclosed fine.
  • Cardinal Sin
    Cardinal Sin Posts: 5,233
    No, it's a joke and they are trying to sweep it under the carpet.
  • cafcfan
    cafcfan Posts: 11,209
    Just sent the Football League this email. I'll report if they respond.


    "Subject: QPR Financial Fair Play


    Hi


    Have QPR paid their fine yet?

    If not, why not? And what has the Football League done about it?

    Kind Regards

    cafcfan"
  • vff
    vff Posts: 6,903
    edited April 2016
    The FFP fine thing was always going to be kicked / finessed into the long grass. Apart from transfer embargos, what did it acheive ? Leicester got promoted with something like 125% wages to turnover ratio. Even the transfer embargos are not up to much which Vincent Tan easily got around at Cardiff by getting his club he owns in Belgium to buy the player and then loan him to Cardiff. All this legit apparently.

    Duchatelet is such a genius that he could not see this coming ?
  • cafcfan
    cafcfan Posts: 11,209
    Well, got my reply. Here it is in all its glory:

    Thank you for your email.

    At present we can’t issue any comment relating to QPR as discussions between all parties are still ongoing. Further information will be released in due course.
  • Leeds_Addick
    Leeds_Addick Posts: 4,714
    And our pathetic little owner thought FFP was the golden ticket to the model club he wanted to build. A year of experience in watching the Championship would have told him that FFP is useless and doesn't achieve anything.
  • Covered End
    Covered End Posts: 52,090
    edited April 2016
    cafcfan said:

    Well, got my reply. Here it is in all its glory:

    Thank you for your email.

    At present we can’t issue any comment relating to QPR as discussions between all parties are still ongoing. Further information will be released in due course.

    You would say "unbelieveable", but of course it's anything but.

    Can anyone imagine, someone being convicted in a court & then negotiating their punishment in due course, over a period of months or even longer.

    Absolutely ridiculous, but of course as hardly any Championship clubs want FFP, they are not likely to be making a fuss anytime soon.
  • jams
    jams Posts: 1,219
    cafcfan said:

    Well, got my reply. Here it is in all its glory:

    Thank you for your email.

    At present we can’t issue any comment relating to QPR as discussions between all parties are still ongoing. Further information will be released in due course.

    Kind regards

    FL customer relations team
  • SDAddick
    SDAddick Posts: 14,486
    I can't knock Roland for trying for FFP because the way football is run in England is completely unsustainable. Not having a back-up plan and not adapting to the situation when it became clear that it was not going to carry the clout it could/should have is where I would fault him.

    The fact that clubs like QPR, Leicester, Bournemouth, Hull, etc. have so much money and clout that the Football League can't regulate its own competition is ridiculous. It should be added that the fact that the FA seems to have no real interest in protecting their historic and cultural institutions is also absolute insanity.
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  • Ben18
    Ben18 Posts: 1,638
    colin1961 said:

    There are a lot of championship teams that are on the verge of going bust . I can see at least two major clubs going to the wall before Xmas .. But will that be a warning ???

    Spanners eyeing a couple of lucrative League cup ties?
  • cfgs
    cfgs Posts: 11,496
    Ben18 said:

    colin1961 said:

    There are a lot of championship teams that are on the verge of going bust . I can see at least two major clubs going to the wall before Xmas .. But will that be a warning ???

    Spanners eyeing a couple of lucrative League cup ties?
    Oi Colin is right at this rate these Muppets will have killed our club by the end of the year.
  • Alwaysneil
    Alwaysneil Posts: 13,826
    The FFP rules were and remain fundamentally flawed.

    The initial rules favoured those who had ploughed money in before the rules came into force (chelski) and was overly punitive on new money.

    The new rules relax this as I understand it, but maybe too much.

  • Covered End
    Covered End Posts: 52,090
    edited April 2016
    colin1961 said:

    There are a lot of championship teams that are on the verge of going bust . I can see at least two major clubs going to the wall before Xmas .. But will that be a warning ???

    Richard Murray has been spouting the same crap for 20 years.

    Are Charlton one of the two ?
  • charltonbob
    charltonbob Posts: 8,297
    Covered End said:

    colin1961 said:

    There are a lot of championship teams that are on the verge of going bust . I can see at least two major clubs going to the wall before Xmas .. But will that be a warning ???

    Richard Murray has been spouting the same crap for 20 years.

    Are Charlton one of the two ?
    Is Colin Richard Murray ?
  • MountsfieldPark
    MountsfieldPark Posts: 2,074
    SDAddick said:

    I can't knock Roland for trying for FFP because the way football is run in England is completely unsustainable. Not having a back-up plan and not adapting to the situation when it became clear that it was not going to carry the clout it could/should have is where I would fault him.

    The fact that clubs like QPR, Leicester, Bournemouth, Hull, etc. have so much money and clout that the Football League can't regulate its own competition is ridiculous. It should be added that the fact that the FA seems to have no real interest in protecting their historic and cultural institutions is also absolute insanity.

    To be fair,

    (1) the clubs were pressurised by the Premier League into voting to water down FFP. Scudamore and co. derail a lot of the FL's good intentions.

    (2) the FL still hasn't approved Leicester's accounts from their promotion season, although it's too late to make much difference now. Guardian reported on it today ("Leicester City and the strange finances behind their rise to the Premier League pinnacle" http://www.theguardian.com/football/2016/apr/11/leicester-city-finances-football-league-financial-fair-play-investigation).
  • Athletico Charlton
    Athletico Charlton Posts: 14,316
    Maybe QPR will not agree the settlement and get relegated saving whatever team finish 3rd bottom !
  • SDAddick
    SDAddick Posts: 14,486
    MountsfieldPark said:

    SDAddick said:

    I can't knock Roland for trying for FFP because the way football is run in England is completely unsustainable. Not having a back-up plan and not adapting to the situation when it became clear that it was not going to carry the clout it could/should have is where I would fault him.

    The fact that clubs like QPR, Leicester, Bournemouth, Hull, etc. have so much money and clout that the Football League can't regulate its own competition is ridiculous. It should be added that the fact that the FA seems to have no real interest in protecting their historic and cultural institutions is also absolute insanity.

    To be fair,

    (1) the clubs were pressurised by the Premier League into voting to water down FFP. Scudamore and co. derail a lot of the FL's good intentions.

    (2) the FL still hasn't approved Leicester's accounts from their promotion season, although it's too late to make much difference now. Guardian reported on it today ("Leicester City and the strange finances behind their rise to the Premier League pinnacle" http://www.theguardian.com/football/2016/apr/11/leicester-city-finances-football-league-financial-fair-play-investigation).
    Both good points, and I shouldn't have been so singular in my criticism of the FL. The problem really lies with the FA's complete turnover of power to the Premier League, and continuing to do so.

    I should add I'm not completely Arsene Wenger stick my head in the sand on this. And the FL next year will inherit a Villa side who lose something like 3m a week, just as they inherited Portsmouth, and Bolton operating at massive losses, and Hull who were operating at massive losses, and QPR, etc. It just feels like year-on-year there is this complete amnesia that sets in, and couple that with the fact that clubs like Hull and Bolton and Palace have been bailed out by rich owners when their previous rich owners get fed up and we just seem to be going in circles.

    Thanks for the link, I always love David Conn's work and I'd missed this. He (along with Owen Gibson who has done a lot on the Olympic Stadium) is one of the good, old fashioned investigative reporters who dig into things even when they're not sexy.
  • mascot88
    mascot88 Posts: 9,693
    Ultimately football is not, and cannot be sustainable outside of the premier league... So it's a huge gamble consistently for ALL the owners outside of that division.. we just happen to be saddled with a total delusional twonk who thinks he can somehow change things, when in reality all he can change is the club, by making it entirely non competitive.

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  • letthegoodtimesroll
    letthegoodtimesroll Posts: 10,684
    colin1961 said:

    There are a lot of championship teams that are on the verge of going bust . I can see at least two major clubs going to the wall before Xmas .. But will that be a warning ???

    Two championship clubs going bust before May would be useful
  • SDAddick
    SDAddick Posts: 14,486
    mascot88 said:

    Ultimately football is not, and cannot be sustainable outside of the premier league... So it's a huge gamble consistently for ALL the owners outside of that division.. we just happen to be saddled with a total delusional twonk who thinks he can somehow change things, when in reality all he can change is the club, by making it entirely non competitive.

    I refuse to accept this as a status quo. I'm not saying you're wrong, in fact I would argue that, for many clubs, even the Premier League is only moderately sustainable, but this cannot be allowed to continue. It's ridiculous. When supporters say "football isn't a business" or "clubs are more than a business" I tend to agree, but it's clear that the powers that be do not. It has become a ruthless and unregulated capitalistic system that is playing Russian roulette with community, and in some case national institutions.

    Okay, I'm getting off my soapbox now.
  • Covered End
    Covered End Posts: 52,090
    Covered End said:

    colin1961 said:

    There are a lot of championship teams that are on the verge of going bust . I can see at least two major clubs going to the wall before Xmas .. But will that be a warning ???

    Richard Murray has been spouting the same crap for 20 years.

    Are Charlton one of the two ?
    1 Sorry Colin, 2 major clubs did not go bust before last xmas.

    2 Still no news on QPR's fine. The latest I can find is last June.

    http://www.getwestlondon.co.uk/sport/football/football-news/qpr-chief-explains-year-long-11470760
  • Karim_myBagheri
    Karim_myBagheri Posts: 12,852
    been over two years now



  • Cardinal Sin
    Cardinal Sin Posts: 5,233
    Thought there was news. Should have known better.
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 36,121
    QPR have agreed a settlement of almost £42m with the English Football League after an arbitration panel dismissed the Championship club's claims that Financial Fair Play rules are unlawful.

    The settlement includes a £17m fine, paying £3m of the EFL's legal costs and the agreement from club shareholders to write off £22m of outstanding loans.

    QPR will also be under a transfer embargo for the January 2019 window.

    It is believed the EFL have agreed to a payment schedule over 10 years.

    The London club's case relates to breaking spending limits on their way to winning promotion to the Premier League in 2014, with QPR's wages of more than £75m making up 195% of their turnover of £38.6m.



    Bit of a joke they've been given TEN YEARS to pay it but good that they've not got away with it.
  • Covered End
    Covered End Posts: 52,090
    edited July 2018
    I have to admit, I thought they'd get away with most of it somehow.
    I'm really pleased, even if it has taken 4 years.

    Mind you I don't understand "the agreement from club shareholders to write off £22m of outstanding loans."

  • cafcfan
    cafcfan Posts: 11,209
    The fine itself is what gets donated to charity isn't it? Or has the PL forced the EFL to change its rules again?
  • Stu_of_Kunming
    Stu_of_Kunming Posts: 17,127
    Covered End said:

    I have to admit, I thought they'd get away with most of it somehow.
    I'm really pleased, even if it has taken 4 years.

    Mind you I don't understand "the agreement from club shareholders to write off £22m of outstanding loans."

    They're paying 17m over 10 years, I'd say they're getting away with it.
  • Covered End
    Covered End Posts: 52,090
    edited July 2018
    Stu_of_Kunming said:

    Covered End said:

    I have to admit, I thought they'd get away with most of it somehow.
    I'm really pleased, even if it has taken 4 years.

    Mind you I don't understand "the agreement from club shareholders to write off £22m of outstanding loans."

    They're paying 17m over 10 years, I'd say they're getting away with it.
    But are they ?
    That's what I don't fully understand.

    https://www.bbc.co.uk/sport/football/44980113

    I think QPR tried to avoid a fine, by saying something like there were no losses, because they had been agreed to be written off.

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