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

Latest Articles

Artur Boruc stays at Bournemouth

Post comment

Bournemouth have signed Artur Boruc on a permanent deal following his release by Southampton.

Morgan Schneiderlin open to Southampton exit

Post comment

Morgan Schneiderlin will only leave Southampton this summer for Champions League football.

All Articles

QPR: Battle to stay in the Premier Leagu

QPR: Battle to stay in the Premier Leagu

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


Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Footer 365

Rafael Benitez '99 per cent' certain to be next Real Madrid boss

Rafael Benitez is '99 per cent' certain to be Real Madrid boss, says Carlo Ancelotti's representative Ernesto Bronzetti.

Middlesbrough 0-2 Norwich: Cameron Jerome and Nathan Redmond strike as Canaries seal immediate return to Premier League

Norwich City gained promotion to the Premier League with a 2-0 victory over Middlesbrough in the Championship play-off final at Wembley.

Yaya Toure will stay at Manchester City, insists agent Dimitri Seluk

Yaya Toure will stay at Manchester City, according to his agent.

Mail Box

Reviewing Every PL Side's Season...

Time to half-heartedly agree or furiously reject some ratings. The mails also discuss the most complete striker ever in football, as well as Rodgers, Falcao and Bill O'Herilhy.

Can We Combine Danny And Theo?

The finishing of Theo Walcott and the hold-up play of Danny Welbeck would be just perfect. Plus, lots of Brendan Rodgers, some Big Sam and all hail Degsy...

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