Pirelli Stadium

Next Game

Burton Alb v QPR

Wednesday, 27 August 2014, 19:45

Capital One Cup Second Round

White Hart Lane

Last Game

Tottenham 4 - 0 QPR

Sunday, 24 August 2014, 13:30

Barclays Prem

QPR reveal massive losses

QPR's debt has rocketed to £177million after the club lost £65.4million last season, when it was relegated from the Premier League.

Last Updated: 06/03/14 at 14:09 Post Comment

Tony Fernandes: Stressed the need to get back into the Premier League

Tony Fernandes: Stressed the need to get back into the Premier League

Loans from QPR's owners totalling £72.7million plus a short-term bank loan of £15million have seen the club's debts spiral to £177million from £91million in the space of 12 months. Wages rose from £58.4million in 2011/12 to £78million last season.

Even more worrying, the club's overall turnover was only £60.6million - most of that coming from Premier League TV money - which does not even cover their wage bill.

The figures mean that QPR could find themselves facing a large fine and a transfer embargo under the Football League's financial fair play rules, unless the club wins promotion back to the Premier League.

The figures are revealed in the annual accounts of QPR Holdings Ltd, which have been lodged at Companies House.

QPR chairman Tony Fernandes said in a statement in the accounts: "Clearly in 2012-13 the club did not meet its performance targets and was relegated from the Premier League.

"A critical driver of any club's value is its presence in the Premier League, and the club is focused on regaining its Premier League status as quickly as possible.

"The financial results reflect the club's focus on trying to achieve on-pitch success."

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Premier League: Crystal Palace unveil Neil Warnock as new manager

Neil Warnock has returned to Crystal Palace after being named as the new manager on a two-year deal.

Manchester United signing Angel di Maria claims he was forced out of Real Madrid

Manchester United signing Angel di Maria has claimed he never wanted to leave Real Madrid.

Transfer news: Tottenham midfielder Lewis Holtby interests Hamburg

Hamburg director Dietmar Beiersdorfer has confirmed the club’s interest in Tottenham midfielder Lewis Holtby.

Mail Box

Well, This Isn't Going That Well Is It?

Plenty of fall out from Manchester United's shambolic 4-0 League Cup defeat, plus thoughts on Van Persie, Arsenal strikers, Benik Afobe, Celtic and Astroturf...

Not Getting Carried Away On Spurs... But

A couple of Spurs fans have broken rank to admit that they are bloody excited about things down the Lane. Plus Glen Johnson, Arsene on strikers and Moreno...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property