Paying tax on what? A loss!?
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They don’t look good reading , but the losses are probably not much different to most championship clubs, whose accounts are being released daily.
QPR lost almost £25m during the same period
QPR’s pre-tax loss significantly increased from (restated) £4.1m to £24.7m, mainly because profit on player sales fell £17.4m to just £0.2m. Revenue rose £7.6m (52%) from £14.5m to £22.1m, as a result of COVID restrictions being lifted and business returning to normal.
The revenue growth was eaten up and more by operating expenses increasing £10.8m (30%) to £46.4m. Net interest payable was unchanged at £0.7m
People blaming Warnock.
We wouldn't have had the PL money and parachute payments without Warnock. I fully believe that.
You weigh that up against a few allegedly dodgy deals and he is certainly in the black.
When warnock spunked the Premier league money on "his type of players" the football club with no football knowledge then let him get more of "his type of players" after relegation , before he "knew when to leave".
The club never managed him they were incapable of doing so.
Poor management results in debt.
In an ideal world warnock would have got us promoted after looking like we were going down then the board offer him a joint managers role or director of football post
He wouldn't have accepted either
They were in no man's land
A lot of hindsight and wise after the event comments on here
When did you realise things were going tits up and why didn't you start shouting from the rooftops then ?
That's my point
And he certainly wouldn't have taken the offer of being a coach or assistant to another
So there we go
Thank god for the trust
Because the trust which we should have had YEARS ago would have scrutinised Sam when plenty of fans were in blowing smoke up his arse !
Lots very quiet in those days
I can't think of anyone less suited to a Director of Football role than Neil Warnock
Responsible for club strategy, overseeing the development of youth players and directing club recruitment?
Joint manager? Warnock would never go for that.... it would be short-lived carnage if it was ever tried.
There might have been some value in recruiting Warnock onto the Board to provide experience and advice to the absentee directors - but with limited ability to block youth development or splash Tan's cash on aging pros managed by the agency that employs (and pays bonuses to) his son!
Who would own a football club, imagine bailing out a club to the amount Tan has, and still almost everyone hates him :shrug:
Mostly his own fault mind, why didn't he appoint a top DOF and get the best Manager available right at the start!
Almost entirely true
So what should have happened and why are people now pointing fingers
It's hindsight and utterly pointless
Hammam , utter chancer
Ridsdale , ditto
Tan .....appoints malky , Malky fecks up , various crap appointments , warnock gets us promoted , feck up , Harris, McCarthy , Morrison , Hudson
Now we seem to have a decent management team
I think some people are treading water here
Football - especially the UK is still often too beholden to the "big football man knows how to football" and when they find someone who is even the slightest bit successful in a manager role that basically let them free reign over everything.
Add that to the fact that Warnock could sell sand to the sahara and you havea recipe for disaster.
When it is someone like warnock who has gotten success by excellent man management and motivation and a simple tactical approach then that is never going to work forever.
In many american sports, the recruitment and development and strategy side of things are completely separetd from the first team day to day management, coaching and tactics - there is some evidence that since Warnock has gone that the manager at least has a smaller voice in these things, early days but fingers crossed
The American sports model is completely different though; more franchise based, approval to buy a franchise dependent on support of other owners, salary caps etc. Add in the inks with colleges around drafting players, it's not necessarily directly comparable with non American sports.
It's rare that you'd find a football manager happy with players being bought for them. Look how much Conte whines at Spurs and they've adopted parts of that model.