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Showing posts with the label Loftus Road

New name for Loftus Road

QPR decided to give their naming rights to a local charity and Loftus Road will be known as the Kiyan Prince Foundation Stadium next season following a vote by fans. Kiyan was a promising Academy player who was stabbed to death when he tried to break up a fight outside his school: New stadium name

QPR have been reliant on owners

The authoritative Swiss Ramble takes a look at the recently published accounts of Queens Park Rangers. The club's loss significantly increased by £32m from £6m to £38m, largely due to booking a £20m FFP fine (for previous misdemeanours); a £15m reduction in the parachute payment driving a £17m (35%) decrease in revenue from £48m to £31m; and profit on player sales down £7m to zero. The £38m reported loss is not the worst in the Championship, as it is just below Cardiff City’s £39m (including £23m promotion payments), though it is obviously significantly impacted by £20m exceptional item for the FFP settlement: a fine of £17m plus the EFL’s £3m legal costs. All three QPR revenue streams were down. As well as broadcasting slumping £15.1m (43%) to £20.2m, due to the lower parachute payment, commercial fell £1.2m (17%) to £6.3m, while gate receipts were £0.3m (6%) lower at £4.9m. Few Championship clubs earn big money commercially, but QPR £6m is only around mid-table for the divisio...

QPR baffled by Council response

QPR chief executive Lee Hoos admits the club have been baffled by Hamilton and Fulham Council's angry response to the club's plan to develop the Linford Christie stadium. They want to leave Loftus Road and turn the athletics stadium into a 30,000 all seater facility. They see it as their only option to stay in W12 and claim the stadium would bring £60m into the area if built. The Council responded by accusing the club of playing property developer in White City. The Council have said they would help QPR in finding other sites in the area or assist them in redeveloping Loftus Road. For their part the club argue that they have been explaining for three years that redeveloping Loftus Road would not work and they are not aware of any other sites in the vicinity.

QPR 'need to leave Loftus Road'

QPR need to leave Loftus Road if the club is to be sustainable according to their chief executive Lee Hoos. He says that a proposed move to the Linford Christie Athletics Stadium is the last chance to stay in the Shepherds Bush area: Must seize last chance