Previous
Bayern Munich
TSG Hoffenheim
4
0
FT
Game Details
Chelsea
West Bromwich Albion
2
0
FT
Game Details
Manchester City
Swansea City
2
1
FT
Game Details
Eibar
Real Madrid
0
4
FT
Game Details
Arsenal
Manchester United
1
2
FT
Game Details
Barcelona
Sevilla FC
5
1
FT
Game Details
Lazio
Juventus
0
3
FT
Game Details
Next
AFC BournemouthAFC Bournemouth
Ipswich TownIpswich Town
2
2
FT
Game Details
Charlton AthleticCharlton Athletic
MillwallMillwall
0
0
FT
Game Details
Blackburn RoversBlackburn Rovers
Leeds UnitedLeeds United
2
1
FT
Game Details
Norwich CityNorwich City
Brighton & Hove AlbionBrighton & Hove Albion
3
3
FT
Game Details
WatfordWatford
Derby CountyDerby County
1
2
FT
Game Details
BlackpoolBlackpool
Bolton WanderersBolton Wanderers
1
1
FT
Game Details
Wolverhampton WanderersWolverhampton Wanderers
Nottingham ForestNottingham Forest
0
3
FT
Game Details
Rotherham UnitedRotherham United
Birmingham CityBirmingham City
0
1
FT
Game Details
Wigan AthleticWigan Athletic
MiddlesbroughMiddlesbrough
1
1
FT
Game Details
Huddersfield TownHuddersfield Town
Sheffield WednesdaySheffield Wednesday
0
0
FT
Game Details
BrentfordBrentford
FulhamFulham
2
1
FT
Game Details
Cardiff CityCardiff City
ReadingReading
2
1
FT
Game Details

Martinez backs Mackay decision

Wigan 2 days ago
Read
 By PA Sport
Mar 6, 2014

QPR reveal big financial losses

Queens Park Rangers' debt has rocketed to 177 million pounds after the club lost 65.4 million pounds last season, when they were relegated from the Premier League.

Tony Fernandes, QPR dugout
Tony Fernandes completed his takeover of QPR in 2011.

Loans from QPR's owners totalling 72.7 million pounds, plus a short-term bank loan of 15 million pounds, have seen the club's debts spiral from 91 million pounds to 177 million pounds in the space of 12 months.

Wages rose from 58.4 million pounds in the 2011-12 campaign to 78 million pounds last season.

Even more worrying, the club's overall turnover was only 60.6 million pounds -- most of that coming from Premier League TV money -- which does not even cover their wage bill.

The figures mean that QPR could find themselves facing a large fine and a transfer embargo under the Football League's financial fair play rules, unless the club wins promotion back to the Premier League.

The figures are revealed in the annual accounts of QPR Holdings Ltd, which have been lodged at Companies House.

QPR chairman Tony Fernandes said in a statement in the accounts: “Clearly in 2012-13 the club did not meet its performance targets and was relegated from the Premier League.

“A critical driver of any club's value is its presence in the Premier League, and the club is focused on regaining its Premier League status as quickly as possible.

“The financial results reflect the club's focus on trying to achieve on-pitch success.”

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.