Wage bill doubles for QPR

QPR's latest accounts have revealed the club's wage bill increased from £27.6million to £56m for the year ending May 31, 2012.

Last Updated: 07/03/13 at 09:39 Post Comment

Tony Fernandes: QPR chairman reports on latest financial results

Tony Fernandes: QPR chairman reports on latest financial results

These figures do not take into account the last two transfer windows and wages are likely to have soared further following the arrivals of the likes of Park Ji-sung, Julio Cesar and Jose Bosingwa in the summer followed by the January signings of Christopher Samba and Loic Remy.

The published wage increase was offset by turnover rising from £34.6m to £74m, but QPR chairman Tony Fernandes admitted in his directors' report that the board are "conscious of the need for expenditure to be closely monitored and controlled".

"A critical driver of any club's value is its presence in the Premier League and the club achieved its key objective for the 2011-12 season, by successfully securing its Premier League status for the coming season," said Fernandes, whose side are currently bottom of the Premier League with just 10 matches remaining this term.

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

"There are a number of potential risks and uncertainties that could have a material impact on the group's long-term performance. These risks and uncertainties are monitored by the board on a regular basis."

Fernandes, Kamarudin Bin Meranun and Ruben Emir Gnanalingam own 66 per cent of QPR, while the other 33 per cent belongs to the Mittal family.

Lakshmi Mittal is listed as the 41st richest person in the world by Forbes magazine, with a net worth of £11billion.

Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew - It's mass hysteria

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

Euro 2020: Wembley to host final and semi-finals

Wembley has been chosen to stage the final and semi-finals of Euro 2020, while Dublin and Glasgow will also host games.

Premier League: Arsenal manager Arsene Wenger backs Mesut Ozil

Arsene Wenger insists Mesut Ozil must not be used as a 'scapegoat' for Arsenal's shortcomings.

Premier League: Manchester City's Fernandinho wants win over Chelsea

Fernandinho wants Manchester City to close the gap on Chelsea with victory over the Premier League leaders on Sunday.

Mail Box

No, Wenger IS To Blame For Failure...

The backlash to the backlash to the backlash sees Arsene Wenger getting a good kicking while we also have mails on Chelsea, Newcastle, Everton and lots more...

Why Doesn't Rodgers Play Borini?

One Liverpool supporter thinks this could be Fabio Borini's year, whilst we also have thoughts on the Red Bulls, Welbeck vs Gervinho and Paul Lambert's new deal...

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