Matchroom Stadium

Next Game

Leyton Or v QPR

Tuesday, 29 July 2014, 19:45

Friendly Match

Stadion der Freundschaft

Last Game

RB Leipzig 2 - 0 QPR

Saturday, 26 July 2014, 13:30

Friendly Match

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

A

rturo Vidal, James Rodriguez, Angel Di Maria...........who cares we have Mark Oxley.......Ah tis good to be Hibs fan :)

frakessmee
Hull keeper agrees Hibs loan

I

t's just a ride. Bill Hicks is sorely missed, what a prophet and still relevant twenty years after his death. I'm glad though he didn't get to see George Bush Jnr as President.

thesza888
Wilshere: Is He Smoking Enough?

W

hile not comparing the ability of Wilshire to Dr Socrates of Brazil, didn't he do about forty a day?

nedsmar
Wilshere sorry for smoking

Footer 365

Premier League: Daniel Sturridge confident Liverpool can shine without Luis Suarez

Daniel Sturridge believes Liverpool have the squad to handle Luis Suarez's exit and will challenge for top honours.

Transfer news: Simon Mignolet backs Liverpool target Divock Origi and welcomes Pepe Reina return

Liverpool are closing in on Divock Origi and the Belgium youngster has been tipped to shine in the Premier League.

Arsenal midfielder Abou Diaby convinced he can put injury problems behind him for good

Arsenal midfielder Abou Diaby is convinced his latest comeback from long-term injury will not prove another false dawn.

Mail Box

No Wonder Wenger Doesn't Buy British

That's if reports that Calum Chambers cost Arsenal £16m are to be believed. The English premium shows no signs of disappearing. Plus, worrying about poor Southampton...

Reasons To Believe That Van Gaal Will Be The Best

Some supporters sound oh so confident on Louis Van Gaal's excellence. Plus thoughts on shirt sales, best signings, football sevens and a good deal more besides...

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