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Queens Park Rangers’ Accounts Reveal Worrying Future If Relegated: The Nightly EPL

Queens Park Rangers could be doomed financially if they are relegated at the end of this season reveals Guardian reporter David Conn. It was revealed earlier today that the club has debts of over £85 million — and that’s even before their last two transfer windows when they feverishly spent large wages on overpaid, underperforming footballers.

Here are tonight’s Premier League news headlines:

The Nightly EPL is tomorrow’s news today. It’s often tomorrow morning’s British newspaper headlines that are published the night before. We do all the work for you, combing the Internet and aggregating the news for you. Read The Nightly EPL on EPL Talk every night before bed, so you can stay on top of all the news that matters.

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13 Comments

13 Comments

  1. IanCransonsKnees

    March 8, 2013 at 4:01 pm

    If you haven’t seen it search out the documentary on QPR trying to get promoted to the Premier League.

    No different to any other club accused of financial doping.

  2. The Gaffer

    March 8, 2013 at 5:30 am

    RonD12 and CraigB, we didn’t cover the “news” about QPR being involved in the drinking episode in Dubai because it was a BS story.

    The last article about QPR on this site was not about their debt. It was about their focus on rebuilding their defense — http://epltalk.com/2013/02/01/harry-redknapp-building-from-the-back-at-qpr/

    We’ve written about the Red Knights before on this site.

    This article above about QPR’s debts is timely because the financial results were just released. If we ignored them, we would be doing an disservice to our readers who expect the news.

    We’ve written about Manchester United’s debt problems more times than I can count.

    To me, it sounds like QPR fans getting defensive about more bad news. There hasn’t been much good news to write about, which is why there haven’t been a ton of good stories about QPR on this site.

    Cheers,
    The Gaffer

    • trickybrkn

      March 8, 2013 at 10:29 am

      A ton of bounce clubs have real debt issues, But QPR remind me of West Ham in 2007…. They bought Scott Parker, Matthew Upson, Freddie Ljungberg, Calum Davenport, Nigel Quashie, Jullian Faubert, Kieron Dyer Lucas Neill , Luis Boa Morte and Craig Bellamy. All totaled to be around £48 million of Icelandic cash. This got then a few years of mid table finishes before the bubble burst, and players where sold off and Curbs walked. West Ham barely survived, but only because new owners went through the books and got rid of waste. I’m pretty sure if we hadn’t bounced back this year, we’d be in a world of hurt.

  3. trickybrkn

    March 7, 2013 at 10:47 pm

    Banned for a newspaper is classic…

  4. TandT277

    March 7, 2013 at 9:19 pm

    This is what happens when you let foreigners manage EPL clubs.

    • Mufc77

      March 7, 2013 at 9:22 pm

      No this is what happens when you live beyond your means in football and in life.

    • CraigB

      March 7, 2013 at 9:40 pm

      Our majority owner started and runs a sucessful multimillion dollar airline and the minority owner is the 41st richest person in the world. Though I dont agree with a lot of the decisions made this past year, if the club is in serious trouble then they’re the kind of people to get them out of it. Man U had been in aconsiderable amount of debt for years it’s just no one talks about it because they’re top of the league. It’s just press trying to make a story by blowing an already bad season out of proportion.

      • Mufc77

        March 7, 2013 at 9:57 pm

        The difference is we can pay our debts from the money we make on and off the field.

        I don’t know if the new FFP rules allow a for a owner to just pay of a clubs debts with his personal wealth. The whole point of FFP is to live within your means and for clubs not to spend more than they earn.

      • Wongo1

        March 7, 2013 at 10:26 pm

        Craig I hate to contradict you but United’s debt is constantly in the news,in fact there was yet another story today about the Red Knights planning a bid to wring the club from the hands of the Glazers.

        Plus United fans are constantly on about it in blogs and the like, I am sure you have heard the phrase Love United Hate the Glazers.

        • CraigB

          March 8, 2013 at 2:24 am

          How much their debt is actually talked about isn’t really the point I’m trying to make though. It’s that media has clearly targeted QPR. You’ll hear tons of news stories about United winning or even losing before you hear about their debt, and lets be honest no Man U fan outside of England cares that much who owns the club as long as they’re winning. Hours before QPR kicked off against Southampton there was a news story about our players getting crazy in Dubai. It’s clear that the media is taking everything they can and using it against us because of our awful season. I’m not playing the victim I’m just saying they’re obviously blowing it out of proportion where as a team like United, who does have their 400 million or so debt talked about,is more favorably portrayed on the regular.

          • RonD12

            March 8, 2013 at 2:35 am

            Agreed. You can find a pic of Man U’s awful pick-nick table cloth shirts on this sit, but nothing about the red knights. The only article on here focused on QPR in weeks is about their debt.

  5. Mufc77

    March 7, 2013 at 9:09 pm

    I’ve got zero sympathy for them if they go down.

    • CraigB

      March 8, 2013 at 2:28 am

      At least you said if.

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