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Queens Park Rangers

Queens Park Rangers announce big losses

By , Reporter
Queens Park Rangers announce losses of £65.4m for last season, taking their total debt to £177m.

Championship side Queens Park Rangers have announced a loss of £65.4m for last season up to May 2013 in their latest financial report.

Harry Redknapp's side were relegated from the Premier League in the season that the report covers, with the losses now increasing the overall debt to £177m.

With the Financial Fair Play rules coming into effect QPR will be subject to big fines and a transfer embargo with such debt should they not win promotion back to the top flight this season.

The chairman Tony Fernandes admitted that the money spent on players and wages was dependent on the club remaining in the top flight and that they must return there as soon as possible.

"Clearly in 2012-13 the club did not meet its performance targets and was relegated from the Premier League," Sky Sports News quotes Fernandes as saying.

"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."

QPR, fourth in the Championship, are currently in a playoff spot but remain nine points off second-placed Burnley.

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Queens Park Rangers' Malaysian chairman Tony Fernandes taken on December 15, 2012
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Tables header RHS
TeamPWDLFAGDPTS
1Sunderland1594225111431
2Sheffield UnitedSheff Utd1510321971231
3Leeds UnitedLeeds158522491529
4Burnley157621861227
5Watford168262524126
6West Bromwich AlbionWest Brom15672169725
7Middlesbrough157352317624
8Millwall156541813523
9Blackburn RoversBlackburn156451917222
10Bristol City155732019122
11Swansea CitySwansea155461110119
12Derby CountyDerby155461919019
13Stoke CityStoke155461819-119
14Norwich CityNorwich154652322118
15Sheffield WednesdaySheff Weds155371725-818
16Oxford UnitedOxford Utd154561718-117
17Plymouth ArgylePlymouth164571728-1117
18Coventry CityCoventry154472021-116
19Hull City153661620-415
20Preston North EndPreston153661523-815
21Luton TownLuton154381726-915
22Cardiff CityCardiff154381423-915
23Portsmouth152671628-1212
24Queens Park RangersQPR151771225-1310
> Championship Full Table


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