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Post by Macmoish on Oct 10, 2011 21:08:38 GMT
Oops MAIL Fernandes insists QPR are not his 'plaything' as he vows to run club as a business By Chris Wheeler Last updated at 10:00 PM on 10th October 2011 Tony Fernandes has warned Queens Park Rangers he will not bankroll the club’s long-term ambition to become a top-flight force. The Malaysian tycoon, who took over in August, said: ‘QPR have to make money. This has to be run as a business or we are not being fair to the players or the staff. This is not a plaything.’ www.dailymail.co.uk/sport/football/article-2047583/Tony-Fernandes-vows-run-QPR-business.html#ixzz1aPoesFEd
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camel
Ian Holloway
Posts: 371
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Post by camel on Oct 10, 2011 21:15:30 GMT
Why "oops"?
Very sensible and reassuring comments imo.
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Post by maudesfishnchips on Oct 10, 2011 21:24:50 GMT
He has devoted enough of his time to us fans, he needs a break!
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Post by canadaranger on Oct 10, 2011 21:35:13 GMT
Personally I think "run as a business" is far more reassuring that "run like a business"...
Semantics, but important. These guys are serious.
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Post by blueeyedcptcook on Oct 10, 2011 23:33:44 GMT
What they should do is in the Club Shop include a Malaysia / Air Asia ticket booth and a duty free liquer shop.
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Post by Macmoish on Oct 11, 2011 7:31:36 GMT
INDEPENDENT INDEPENDENT/Glen Moore - Fernandes targeting QPR profit through 'proper business sense'In the era of Roman Abramovich, Sheikh Mansour and a collapsing economy, football would seem more than ever to be the place to make a small fortune, provided you start with a big one, but the new owner of QPR disagrees. Having turned around a failing airline in the wake of 9/11, taking advantage of cheap labour and airline rental costs, Tony Fernandes knows a fiscal crisis can be an opportunity as well as a concern and he believes his timing is perfect. "It is always good to come in in a recession [and] I believe we are going to have that double-dip," he said. "That cleanses out the craziness sometimes. "Football needs to change. The real value of players has become completely inflated. There are clubs out there who are spending money that if they were in a real business they could not afford. That inflates it for everybody. "For the sake of football, proper business sense has to be made. If you look at the Premier League, this is a good time to [buy a club]. There is a bit more sensibility coming in." The Air Asia owner has seen a precedent, in Formula One, in which he runs Lotus. "We have a resource agreement [in F1] and people are now controlling their spending," he said. The Malaysian, speaking in an interview in fcbusiness magazine, insisted QPR would have to make a profit. "This is not a black hole of Calcutta or a trophy asset," he said. "This has to be run as a business. The first step is to avoid relegation, then we need to sort out the ticket prices [Fernandes inherited some of the highest in the game following pre-season increases by the previous owners], and get reconnected with the fans. As we move up the Premier League, there is more money through TV revenue, but it will be very important to build a fan base." * Chelsea fans who hold shares in Chelsea Pitch Owners (CPO) held their first major organisational meeting last night to discuss the club's proposal to buy back the freehold of Stamford Bridge from CPO. Fans' groups believe that shares in CPO can still be bought and are urging supporters to sign up before the vote over the issue on 27 October. The club published a detailed account online yesterday as to why they do not believe Stamford Bridge can be expanded. Independent www.independent.co.uk/sport/football/news-and-comment/fernandes-targeting-qpr-profit-through-proper-business-sense-2368668.html
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Post by irish on Oct 11, 2011 9:08:01 GMT
Positive news.
We are in good hands.
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Post by sharky on Oct 11, 2011 14:15:17 GMT
Still a little worried. What happens if we get relegated? We would no longer be a good business proposition, so would TF get rid of us.
Suppose that is the reality of modern football!!
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ingham
Dave Sexton
Posts: 1,896
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Post by ingham on Oct 11, 2011 17:42:54 GMT
I agree sharky.
How will he do this? If the Club is to survive by keeping wages below income, the last thing it needs is someone like Fernandes. On the contrary, it needs footballing talent. Not just on the pitch either.
And what does he know about running a successful football club on its average earnings?
Will he pay low wages? Fine. Cut the fancy ticket prices? Dismiss the expensive players and manager? Sign cheap players who are better than the expensive ones? In Barton, he seems to have done the opposite.
Sounds like the results will flow.
Geniuses used to do that sort of thing. Not any longer, thanks to people like Mr Fernandes inflating the players' wages just to inflate the value of their shareholding. About which nobody gives a toss except themselves.
Then they have the nerve to pretend that the money the Club loses every year is THEIR money. It isn't. The accounts tell us that. Be interested to see the last set of accounts, to tell the truth, as I can't remember getting a copy.
And, as sharky points out, Clubs are apt to get relegated. Fulham haven't for a while, but Fayed has lost £164 million of Fulham's money maintaining them as the mediocrity they are.
If Fulham and Chelsea don't spend big, how long will they remain even the also-rans they are at the moment? What has Fernandes done or said to suggest he knows how to buck the spendmania that rules the Premiership lunacy?
Who will buy the expensive tickets? Chelsea and Fulham supporters? There are already plenty of QPR supporters who can't afford to go.
What he proposes requires know-how in the footballing sense. Barton putting the ball into the flight path for £60,000 a week of the Club's hard-won cash may be airline economics, but it isn't a solution.
They talk big at first. Then the panic button is pressed. Then some talk about selling the Ground (covered up with references to building a new one). Then they blame the Club and its finances. when it's the losses run up by the likes of them which ensure the sums don't add up.
And then they blame us.
This one made me laugh. "We are not being fair to the players or the staff". No? The poor players. Investors and players screw the Club and supporters for every penny they can get out of them.
But it's the hangers-on they're short-changing. I don't think so.
Isn't this the man who paid £45 million to Ecclestone for his shares. Yet the Club is still taking on loans. And the £10 million ABC debt it acquired a decade ago is still outstanding.
Football Clubs don't look like businesses to me. They look like resources to be speculated against, and squeezed.
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julia
Gerry Francis
Posts: 11
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Post by julia on Oct 12, 2011 6:37:49 GMT
Hello Ingham Amit Bhatia said a couple of weeks ago that the club is now debt-free
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Post by Bushman on Oct 12, 2011 8:44:25 GMT
Hello Ingham Amit Bhatia said a couple of weeks ago that the club is now debt-free We will find out how debt free we are when the next set of of accounts are published.
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Post by Macmoish on Oct 12, 2012 9:16:54 GMT
ump a year... Interesting Business....
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Oct 12, 2012 9:21:07 GMT
ump a year... Interesting Business.... very true, spent money and losing games
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Post by mfnc on Oct 12, 2012 18:47:01 GMT
the business is to buy a player and waste a place in the 25 squad so the player can work for air asia to make tf's other business better.
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Post by Macmoish on Oct 13, 2013 8:10:25 GMT
Bump two years....
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ingham
Dave Sexton
Posts: 1,896
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Post by ingham on Oct 15, 2013 10:50:19 GMT
Yes, worth thinking about. What exactly does it mean? Fernandes wasn't exactly forthcoming. One typical business strategy is to keep wages below earnings. And to charge as little as possible for the 'product'. What football club even attempts to do that? Spending so little on the players that their wages match the money they are capable of earning is not part of any supposedly 'ambitious' owner's outlook. They have no idea how to improve quality without spending more than the Club earns. Decades ago, people imagined it was possible. The more you spent, the better you played, the more you won, the more you earned.
But only if the successful Clubs do it. Fine, if one Club spends, and one Club wins. But if scores of Clubs 'speculate to accumulate', they can't accumulate. In business, every business can be a winner. Business may claim to be competitive, but it is not a competition, where winning is objective, and restricted to one Club per competition per season.
Businessmen, representing themselves, may be more or less smart in the vague and subjective world of self-promotion and deception that is 'business'. But they are far too stupid to represent football clubs in competitions where every Club bar one is GUARANTEED to lose every year.
Which means that every Club - for practical purposes - will lose money every year, pretending that they know how to succeed, when they only know how to lose money.
If the Clubs were represented by the footballers' agents, and the PFA, then they could all make money while everyone else took the hit. But football club investors as their 'clients' representatives are so intractably stupid that they run up immense losses every year.
So much so, in the modern game, that the most successful Clubs lose more money than all the rest.
I am not saying that they aren't doing this deliberately. Or that their investments aren't CALCULATED to lose the Clubs' money. Simply that they must be stupid if they pretend otherwise. And imagine that this 'strategy' constitutes 'running a business' when it is the players and their representatives, who prove themselves easily able to run rings round Fernandes and all the other 'chairmen' year in and year out, who are 'running a business'.
If I was looking for someone to represent ME, I'd go to the people who make millions for their clients - however useless, however incompetent, however incapable of delivering the goods - rather than the dummies whose only talent is to pretend otherwise. How many witless clowns have shambled about on the pitch for an hour or two and been paid in the TENS OF THOUSANDS for doing so?
And who are the half-wits who pay for it? Should we call them 'businessmen'? Don't make me laugh.
No wonder the Master Plan is to announce that the Club must pay £200 million for a ground it won't even own. Oh yes, that's good business. For whoever is running rings round the Board. Marvellous. £200 million of QPR's money straight into their pocket, and the Club gets absolutely nothing whatsoever to show for it.
This is the regime whose business philosophy, so they tell us, is that 'cheapest always wins'.
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Post by corndog on Oct 15, 2013 15:04:52 GMT
Definitely didn't follow that plan very well, but it seems Tony has learned from his mistakes. He has brought players who wanted to play for this club and it showing. He is probably still outspending himself, but it's not to the degree it once was and if we meet the goal of promotion it could end up earning a profit. The real test is when we get back into the Premiership do we continue on the same path or go back to our ways from the past seasons in the league? How much of this current team continues with the team in the league? Will we ever sell a player for a profit?
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Post by londonranger on Oct 15, 2013 15:14:31 GMT
Again, the Minister of Truth gives us another slogan. Ignorance is strength, the present is now under control.
George Orwell.
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ingham
Dave Sexton
Posts: 1,896
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Post by ingham on Oct 17, 2013 18:17:35 GMT
Yes, although I'd be interested to see profits when the Club isn't in the big time, isn't successful, isn't undergoing a brief improvement in form. It would show that they understand the relationship between talent, success, and money.
The players' representatives understand it. They insist on being paid vast sums of money whether they are successful or not. I'm sure they are profitable, so why can't the clowns who run football clubs make a profit whether they are successful or not?
I assume their answer is the same as the players. They do. The owners make money, that is what they're good at. Even if the Clubs lose tens or hundreds of millions.
It is the Clubs that lose. On and off the pitch.
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Post by Macmoish on Oct 18, 2014 10:03:29 GMT
Bump...3 Years ago - QPR to be runa as a business MAIL - Chris Wheeler - 10th October 2011 Fernandes insists QPR are not his 'plaything' as he vows to run club as a business Fernandes insists QPR are not his 'plaything' as he vows to run club as a business Tony Fernandes has warned Queens Park Rangers he will not bankroll the club’s long-term ambition to become a top-flight force.The Malaysian tycoon, who took over in August, said: ‘ QPR have to make money. This has to be run as a business or we are not being fair to the players or the staff. This is not a plaything.’ www.dailymail.co.uk/sport/football/article-2047583/Tony-Fernandes-vows-run-QPR-business.html#ixzz1aPoesFEdINDEPENDENT/Glen Moore - Fernandes targeting QPR profit through 'proper business sense'In the era of Roman Abramovich, Sheikh Mansour and a collapsing economy, football would seem more than ever to be the place to make a small fortune, provided you start with a big one, but the new owner of QPR disagrees. Having turned around a failing airline in the wake of 9/11, taking advantage of cheap labour and airline rental costs, Tony Fernandes knows a fiscal crisis can be an opportunity as well as a concern and he believes his timing is perfect. "It is always good to come in in a recession [and] I believe we are going to have that double-dip," he said. "That cleanses out the craziness sometimes. "Football needs to change. The real value of players has become completely inflated. There are clubs out there who are spending money that if they were in a real business they could not afford. That inflates it for everybody."For the sake of football, proper business sense has to be made. If you look at the Premier League, this is a good time to [buy a club]. There is a bit more sensibility coming in." The Air Asia owner has seen a precedent, in Formula One, in which he runs Lotus. "We have a resource agreement [in F1] and people are now controlling their spending," he said. The Malaysian, speaking in an interview in fcbusiness magazine, insisted QPR would have to make a profit. "This is not a black hole of Calcutta or a trophy asset," he said. " This has to be run as a business. The first step is to avoid relegation, then we need to sort out the ticket prices [Fernandes inherited some of the highest in the game following pre-season increases by the previous owners], and get reconnected with the fans. As we move up the Premier League, there is more money through TV revenue, but it will be very important to build a fan base.".... www.independent.co.uk/sport/football/news-and-comment/fernandes-targeting-qpr-profit-through-proper-business-sense-2368668.html
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Post by Macmoish on Oct 18, 2015 9:11:54 GMT
Bump 4 Years....
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Post by Macmoish on Oct 18, 2017 12:08:34 GMT
Flashback 6 Years
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