The impressive Swiss Ramble blog has taken an in depth and detailed look at the finances of Queens Park Rangers.
As one might expect, it doesn’t make for happy reading. The club has lost £156m in the last six years, £218m if one adds in exceptional debt write offs. There is a £185m mountain of debt and very little of that has been spent on infrastructure.
The impressive Swiss Ramble blog has taken an in depth and detailed look at the finances of Queens Park Rangers.
As one might expect, it doesn’t make for happy reading. The club has lost £156m in the last six years, £218m if one adds in exceptional debt write offs. There is a £185m mountain of debt and very little of that has been spent on infrastructure.
Attendances this season have been the lowest in the Premier League, lower even than Burnley. To be fair, that in part reflects the limits of the capacity of Loftus Road, but plans for a new stadium have run into all sorts of problems.
The club has made only £4m from player sales in the last nine years with many players just being let go when their contract expires. This implies that more than the usual amount of money has been wasted on poor acquisitions.