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

I

t's why Mourinho is so successful. He gives players a specific, limited set of functions to perform. They are but a cog in a machine. Do no more, do no less. I assume he learnt it from LvG :)

red_devil83
Fellaini Has Politely Become Undroppable

I

really hope that someone in the mainstream media spots that the Bayern manager played for and managed Barcelona quite well, and thinks to mention it in the build up. That would be really interesting.

megabrow (cufc)
Barcelona to face Bayern

Y

our gob says one thing, Brendan, the results say something else.

balls-to-monty
Rodgers bullish over Anfield future

Footer 365

Marouane Fellaini: I never lost my quality during first Man Utd season

Marouane Fellaini has taken a swipe at his critics, saying his fruitful time at Everton was "quickly forgotten".

Everton 3-0 Manchester United: Louis van Gaal's side suffer second straight Premier League defeat

Everton beat Manchester United 3-0 at Goodison Park to inflict a second straight Premier League loss on Louis van Gaal's side.

Oscar concern for Chelsea as he suffers possible concussion

Chelsea forward Oscar has suffered a possible concussion, according to his manager Jose Mourinho.

Mail Box

Chelsea Millions Should Buy Better...

For the money they have spent, Chelsea should be playing like the Harlem Globetrotters rather than Atletico. We have mails on Cesc, Brendan Rodgers and...

Brendan Rodgers Is David Cameron...

Rodgers is compared to the Prime Minister, insomuch as he has a right to peddle bulls**t, apparently. Plus why comparing Arsene Wenger to Diego Simeone is a mug's game...

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