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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
1Sunderland86021661018
2Burnley85211441017
3Sheffield UnitedSheff Utd8530103716
4West Bromwich AlbionWest Brom8512126616
5Leeds UnitedLeeds8431135815
6Blackburn RoversBlackburn8431149515
7Middlesbrough842295414
8Watford84131213-113
9Hull City8332129312
10Norwich CityNorwich83321210212
11Oxford UnitedOxford Utd83231210211
12Swansea CitySwansea832386211
13Bristol City8242913-410
14Stoke CityStoke83051012-29
15Derby CountyDerby83051012-29
16Millwall8224121118
17Coventry CityCoventry8224911-28
18Plymouth ArgylePlymouth8224812-48
19Sheffield WednesdaySheff Weds8224914-58
20Luton TownLuton8224813-58
21Preston North EndPreston8224712-58
22Queens Park RangersQPR8143914-57
23Portsmouth8044819-114
24Cardiff CityCardiff8116317-144
> Championship Full Table


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