Queen’s Park Rangers lost £22.6m during their first season back in the Premier League, Although that figure, published in the accounts for QPR Holdings Limited, was £3m down on their final season in the Championship, turnover soared from £16m to £64m. Debt is up from £56m to £89m.
Their wage bill doubled from £27.6m to £56m even before a significant outlay on players over the last two transfer windows. Wages represented 76 per cent of £73.8m turnover even before this season’s escalation.
Queen’s Park Rangers lost £22.6m during their first season back in the Premier League, Although that figure, published in the accounts for QPR Holdings Limited, was £3m down on their final season in the Championship, turnover soared from £16m to £64m. Debt is up from £56m to £89m.
Their wage bill doubled from £27.6m to £56m even before a significant outlay on players over the last two transfer windows. Wages represented 76 per cent of £73.8m turnover even before this season’s escalation.
There is an evident imperative to avoid relegation and take advantage of the new Premier League television contract. Even the club that finishes bottom will earn £60m, a similar amount to that earnt by Manchester City as champions last season.
Revenue per home game was up from £232,000 to £405,000, but this is around 20 per cent of the amount earned by Arsenal at the Emirates. The search for a site for a new stadium continues.