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Capt. Pants

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To be fair Morty, I was also concerned the other day, before York appointed a new manager, that we may lose him, after all York is closer to Glasgow.....................

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[quote user="UpperBarclay"]What''s logic got to do with it when money''s at stake, i.e. £110m to get back in the Prem.[/quote]He''s already managing in the Prem.Really not following your train of thought here.If money is no object for QPR then they would likely go for Brendan Rogers, or someone of that ilk?Or perhaps Lambert?

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It has to be Neil Lennon, surely?As to that £50m or more fine that was hanging over QPR, The Guardian had an exclusive report from David Hytner in August saying they had talked their way out of that, and need only pay £8m, without saying exactly what their successful argument had been. The implication, though, from Hytner was that the Football League had accepted it was OK to get away with squillions of pounds of debt if you then turned it into shares. If so, then unless this loophole gets closed, other clubs will be likely to follow suit.Theree have been more reports on the same lines since, although I haven''t noticed any official confirmation. But if true then QPR have now twice got away with it. First for only being fined and not docked points (that would at least have knocked them out of the automatic promotion places) despite blatantly fielding an ineligible player. Now by a derisory fine for buying a second promotion to the Premier League. It seems Tony Fernandes'' incompetence is matched only by his luck.

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[quote user="PurpleCanary"]It has to be Neil Lennon, surely?

As to that £50m or more fine that was hanging over QPR, The Guardian had an exclusive report from David Hytner in August saying they had talked their way out of that, and need only pay £8m, without saying exactly what their successful argument had been. The implication, though, from Hytner was that the Football League had accepted it was OK to get away with squillions of pounds of debt if you then turned it into shares. If so, then unless this loophole gets closed, other clubs will be likely to follow suit.

Theree have been more reports on the same lines since, although I haven''t noticed any official confirmation. But if true then QPR have now twice got away with it. First for only being fined and not docked points (that would at least have knocked them out of the automatic promotion places) despite blatantly fielding an ineligible player. Now by a derisory fine for buying a second promotion to the Premier League. It seems Tony Fernandes'' incompetence is matched only by his luck.

[/quote]

 

You begin to wonder just how enforceable the whole football fair play issue is.  And indeed what the appetite is to enforce it. A concept that begins with good intention - from memory around 2009 when Platini was a)looking to protect football clubs from going bust, and b)  developing his own brand and reputation and earing up for his launch to rise to the top of FIFA . The cynic might agree that such a doctrine appealed to many members of FIFA  at the time .

During his pitch Platini said that 50% per cent of clubs were losing money, and should be "encouraged to live within their means" .In 2009 Deloites said that the 20 premier league clubs had approximately £3.1 billion debt.  Some figures I found tonight from a Daily Mail article (below) from last year suggest debt is now £2.5m, but is it really? Consider the official debt shown for Man City at £67m , their income is such that wages of over £200m still apparently equate to only 59% of turnover. That''s a significant income or put it another way a big lump of "sponsorship" that apparently sees them clear of FFP regulation.    

FFP has been criticised for , failing to reduce football club debt (Chelsea''s has risen in this time - but its all owed to Abromovich) and protecting the status quo. It is also being called "illegal" for restricting market trade.

The "illegality" of FFP is behind the announcement in 2015 by UEFA that FFP would be "eased" in response to a number of lawsuits which are currently ongoing in courts. Take these Clubs (and their legal departments) on if you dare UEFA. It seems they don''t dare, and given the resources of the Football League it seems unlikely without precedent that they will either.

 

http://www.dailymail.co.uk/sport/football/article-3016432/Club-club-guide-Premier-League-s-financial-health.html

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Uhh! A rich person or company getting away with bending the rules in their favour? Well I never!

It''s almost like all of our society is set up to benefit and hide the disgraces of the rich and powerful...

A super-rich person and company getting away with breaking the rules...omg! Never seen that before...

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Lovely to see QPR in their usual mess, the whole set up is crooked from the original owner the dwarf Ecclestone to the present board of directors of Fernades and the rest of the B of D who read like an Indian takeaway menu

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[quote user="PurpleCanary"]It has to be Neil Lennon, surely?As to that £50m or more fine that was hanging over QPR, The Guardian had an exclusive report from David Hytner in August saying they had talked their way out of that, and need only pay £8m, without saying exactly what their successful argument had been. The implication, though, from Hytner was that the Football League had accepted it was OK to get away with squillions of pounds of debt if you then turned it into shares. If so, then unless this loophole gets closed, other clubs will be likely to follow suit.Theree have been more reports on the same lines since, although I haven''t noticed any official confirmation. But if true then QPR have now twice got away with it. First for only being fined and not docked points (that would at least have knocked them out of the automatic promotion places) despite blatantly fielding an ineligible player. Now by a derisory fine for buying a second promotion to the Premier League. It seems Tony Fernandes'' incompetence is matched only by his luck.[/quote]QPR''s accounts now show that they have wiped out a grand total of £180.6m in loans by turning them into shares. Hey ho.

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The derogation of FFP rules increases the imperative for further external capital into our football club if the club''s strategy is to retain/regain tier one football.

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