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

W

inners: All of us watching the latest installment of The Daley Blind Hour. This weeks episode was called Sun Kissed In Merseyside, and although it was a bit of a downer, he was splendid to look at.

tk421
Has Di Maria's Spell In England Turned Sour?

I

think Liverpool should start trying alternative therapy now, given that Sturridge's hips and knees are apparently unfathomable to modern medicine. Voodoo, acupuncture, healing oils, rolling in the snow after a hot bath, its all got to be worth a go now.

slideways
Sturridge doubt for run-in

W

ell thats the most one sided, Mourinho ass kissing, Terry loving conlcusions I have ever read. Does Daniel Storey have a tattoo of the Chelsea crest on his calf too? What a plonker.

goonergo
16 Conclusions: Arsenal 0-0 Chelsea

Footer 365

Bournemouth all but secure promotion to the Premier League with a 3-0 win over Bolton

Bournemouth all but secured promotion to the Premier League with a 3-0 win over Bolton on Monday night.

Jose Mourinho: Cesc Fabregas not in PFA team 'strange'

Chelsea manager Jose Mourinho says it is 'strange' that the PFA Team of the Year has no place for Cesc Fabregas.

Chelsea captain John Terry: We are definitely not boring

Chelsea captain John Terry claims that nobody will remember their defensive performances in the title run-in.

Mail Box

Mail From Fan Who Craves Relegation...

In this case it's a Sunderland fan who just wants to see a clear-out. We also have mails about Arsenal, Chelsea, Liverpool and Everton. It's long and it's sexy...

Is This What Arsenal Fans Feel Like?

'It's all well with the short and pretty passes, but we did absolute f*** all up front,' writes one Man United fan. We have mails on Chelsea, Brendan Rodgers and...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company