It may come as no surprise to many but according to UEFA’s European Club Footballing Landscape report QPR have been ranked fifth as Europe’s most debt ridden club.
Accounts for QPR Holdings Ltd
Their next accounts, which will cover 31 May 2017 through to 28 February 2018 should be published in May 2018. In the meantime the club owners, Tune Group (55%), Ruben Gnanalingam (33%) and Lakshmi Mittal (11%) need to find that magic formula and the ever elusive ‘Money Tree’ if we are ever to get out of this mess.
Top 20 European clubs by net debt
You’re going to love this – NOT!
1. Manchester United – ?536m
2. Benfica – ?336m
3. Inter Milan – ?306m
4. Valencia – ?285m
5. QPR – ?279m
6. AC Milan – ?249m
7. CSKA Moscow – ?224m
8. Galatasaray – ?222m
9. Juventus – ?209m
10. Roma – ?208m
11. Sunderland – ?208m
12. PSG – ?186m
13. Fenerbahçe – ?166m
14. Dinamo Moscow – ?164m
15. Atlético de Madrid – ?164M
16. Liverpool – ?163m
17. Olympique Lyonnais – ?159m
18. Monaco – ?148m
19. Copenhagen – ?138m
20. Schalke 04 – ?137m
If you love your facts and figures and you want to see the UEFA’s European Club Footballing Landscape report then feel free to TAP/CLICK HERE.
So what is the answer?
Sack the board?
Find new Middle East owners with deep pockets?
Fans club together (similar to Portsmouth FC) and buy the club?
In my opinion the club simply cannot sustain this sort of debt. I mean, I wonder how much we’re paying back in interest.
Oh well, I’m just a meaningless obscure face hiding behind my screen – I am not worthy – I will never be taken seriously – I’m just a fan who just happens to have supported the club for the best part of 40 years and yet no one cares what I have to say.
Any of the above resonate with you?
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