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

T

his is brilliant! All these years of moral ambiguity, grey areas of offence and context..now we have a simple, easy to follow guide to right and wrong. What did you do today? I kicked the face off a panda . Oh well, you didn't rape, kill anyone or abuse a minor, knock yourself champ.

megabrow (cufc)
Redknapp leaps to Mackay defence

I

wonder if he'd feel the same way if he wasn't a white, non-jewish heterosexual male. Because Mackay has basically insulted everyone else!

Jay_D
Redknapp leaps to Mackay defence

C

heers Harry. I was wondering if he'd murdered anyone

Ezy_Rider
Redknapp leaps to Mackay defence

Footer 365

Saturday Football Live

All the live action from the Premier League, Sky Bet Championship and Football Leagues on Saturday.

Women's football: Liverpool Ladies urged to fight for FA WSL title

Goalkeeper Libby Stout wants Liverpool Ladies to 'fight like they've never fought before' to retain their FA WSL title

Premier League: Crystal Palace did not want me enough, says Tim Sherwood

Tim Sherwood says he withdrew his application for the Crystal Palace job because he was not made to feel wanted enough.

Mail Box

More Fan Mail For Football365...

'Just p*ss off with your righteous indignation will you. W*nkers.' There's a lot of anger going around for what should have been a sleepy Friday afternoon at F365 Towers...

Man United: One Game To Save Season

They have one match to convince decent players that they are worth joining - over to you, Louis. We also have mails on Malky Mackay, Mario Balotelli and Tim...

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