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

Transfer news: Swansea admit 'right offer' could see Wilfried Bony leave

Post comment

Swansea chairman Huw Jenkins has admitted Wilfried Bony could leave the Liberty Stadium if the 'right offer' is made.

Transfer news: Manchester City striker Edin Dzeko in talks over new deal

Post comment

Manchester City striker Edin Dzeko has confirmed that he is in talks about signing a new deal at the Etihad.

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

Premier League: Yaya Toure happy to stay at Manchester City

Yaya Toure has reaffirmed his commitment to Manchester City, insisting he wants to stay for "as long as possible".

Champions League: Henning Berg hopeful of Legia Warsaw's chances against Celtic

Legia Warsaw boss Henning Berg hopes his side can get a positive result against Celtic in their Champions League tie.

Premier League: Ross Barkley signs new four-year contract at Everton

Everton midfielder Ross Barkley has signed a new four-year deal with the club.

Mail Box

Youth Development Has To Be The Future

A varied Mailbox has thoughts on transfer targets, youth development, the obsession over 3-5-2, some innovative Blackpool suggestions and why Real bought Kroos...

Don't You Worry About Southampton...

We can't help but agree with one mailboxer who tries to calm the crisis-mongers gathering around Southampton, while we have mails on Man United's squad...

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