|
|
Post by QPR Report on Jun 27, 2009 19:08:25 GMT
|
|
|
|
Post by scarletpimple on Jun 27, 2009 19:36:53 GMT
Thought LDC left of his own free will...........and his contract according to the accounts was terminated........have they been telling us porkies..........again.
|
|
|
|
Post by QPR Report on Jun 27, 2009 20:01:15 GMT
Maybe QPR are just very kind and generous to a loyal servant!
|
|
|
|
Post by eusebio13 on Jun 27, 2009 21:41:35 GMT
the new Sheila =COMPANY SECRETARY Temple Secretarial Limited
|
|
|
|
Post by QPR Report on Jun 28, 2009 11:23:32 GMT
Group operating losses exceeded £6.0 million, an increase of 27% on prior year
Net debt as at 31 May 2008 has increased to £19.9 million (2007 – £18.0 million).
The Group’s administrative expenses grew to £5.9 million (2007 - £3.5 million). In order to support the growth of the business next year, the number of non-playing staff increased by 10 during the year and is expected to rise further.
Football staff salaries also increased by 15% due to costs connected with termination of John Gregory and Luigi De Canio contracts."
Other loans 11,100 16,974 11,100 16,974
Included within long termcreditors are the following unsecured convertible loans:
A £8,600,000 loan fromSarita Capital Investments, interest bearing at 7% and is repayable on demand.
A £500,000 loan fromValentin Ehmer, interest bearing at 8.72%and is repayable on 29 April 2010.
A £2,000,000 (interest free) loan owing to Mr A Caliendo is repayable on 28 February 2011 and redeemable at any time prior to that date at the sole discretion of QPR.
The highest paid director received £196,670 during the year.
During the year, the company paid consultancy fees amounting to £75,000 (2007: £73,750) to Moorbound Ltd, a company in which O Paladini, the wife of G Paladini, a director, is the only shareholder.
In addition the company provided an interest free loan of £140,000 (2007:£nil) to G Paladini.
|
|
|
|
Post by haqpr1963 on Jun 29, 2009 7:02:51 GMT
Just looking at the Financial Highlights page (complete with pretty graphs) great to see that things are on the up.... Turnover is up.... Operating loses are up.... Wages are up.... Wages/turnover is up (Now standing at over 110% of turnover).... Interest costs are up.... Doesn't really look brilliant does it?  |
|
|
|
Post by haqpr1963 on Jun 29, 2009 7:14:35 GMT
Nice to see this quote from a certain other board explaining why we are doing so badly financially...
"All you need to know is that we, as supporters, don't contribute enough to keep this club afloat as a championship club."
|
|
|
|
Post by QPR Report on Jun 29, 2009 7:29:41 GMT
Saw that!
Also saw the big debate on another site re what Paladini earns + his loan. But to me that's a sideshow to trying to understand the accounts. Interesting; can be discussed, etc. But not the central to the accounts
Discussing/trying to understand is really not unhappy/not being QPR fans, etc, etc, etc.
I was trying to copy the charts because they make it very easy to see how things are (even if I don't really understand such things!)
I don't understand WHY wages had to shoot up that much: Well I guess I do- To sign players. But if we'd signed lower Divison players, presumably wouldnt have been necessary.
Some of the loss is a one-time only, such as ground improvements.
I don't really understand the increase in off the field staff to handle matters
I don't understand the De Canio costs reference
I don't understand Ingham's figures vs what the club says (Clearly the club Accounts are a legal document. So what they say must be.) And I couldnt yet find the actual accounts for last year. Must be out there somewhere (If anyone has, please post a link)
I'd have thought that as the debt goes up, the interest we have to pay also goes up...So there's "Ex_ ABC/Replacement loan...+ I presume interest on the rest of the 20 million (Is that the 7% ?)
|
|
