QPR wage bill doubles

QPR's latest accounts show the wage bill doubled to £56million even before their spending in the last two transfer windows.

Last Updated: 07/03/13 at 09:34 Post Comment

QPR: Battle to stay in the Premier League

QPR: Battle to stay in the Premier League

The state of QPR's finances has been put under the microscope once again after the club's latest accounts showed the wage bill had doubled to £56million even before their spending in the last two transfer windows.

Despite a substantial outlay on players since promotion two years ago, the west Londoners find themselves bottom of the Barclays Premier League with just 10 matches remaining.

QPR twice broke their transfer record in January by bringing in Loic Remy and Christopher Samba in a bid to avoid the drop, which led to increased scrutiny over the club's spending.

That interest will only increase after the release of the club's accounts for the year ending May 31, 2012.

While turnover rose from £34.6million to £74million, wages soared from £27.6million to £56million in a season in which QPR only managed to secure survival on the final day.

A host of expensive players have since arrived at Loftus Road, with summer arrivals such as Park Ji-sung, Julio Cesar and Jose Bosingwa followed in January by Samba and Remy.

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" but also the need to invest in the playing squad.

"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," he said.

"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 16.5billion US dollars (£11billion).


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

A

ndros f***ing Townsend, really Roy? ...was also by first thought. Followed closely by where have all the defenders gone? , and Jesus, that midfield looks weak .

al4monkey
England call-up for Clyne

T

he 'where does it end' argument is an absurd one and completely misses the point of the Rooney Rule, which applies to all minorities. It doesn't force any team to appoint anyone, it merely requires them to interview at least one minority candidate.

foreverlostsoul
No Good Reason Not To Try The Rooney Rule

Y

ou make a lot of good points, but I still find myself instinctively against anything that makes it easier for Paul Ince to get managerial roles

stevenjameshyde
No Good Reason Not To Try The Rooney Rule

Footer 365

European Qualifiers: No Sturridge rift with Liverpool, says England boss Roy Hodgson

Roy Hodgson insists there is no dispute with Liverpool after omitting striker Daniel Sturridge from the England squad.

European Qualifiers: Nathaniel Clyne and Jonjo Shelvey in England squad as Daniel Sturridge is omitted

Nathaniel Clyne has been named in England's squad for the European Qualifiers against San Marino and Estonia.

Premier League: Liverpool and Daniel Sturridge discussing new contract

Manager Brendan Rodgers has confirmed that Liverpool are in talks with forward Daniel Sturridge over a new contract.

Mail Box

Again, It's Football365 Being Racist...

'The worst piece of ill-informed PC garbage that I've ever read on the interweb' - that's Nick Miller's Rooney Rule column. The rest of the Mailbox is more fun...

Danny, Champion Of Arsenal's World

It's a Mailbox filled with Liverpool glumness, but happiness surrounding Danny, champion of Arsenal's world. Plus, can someone try and teach Balotelli the offside rule?

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