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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
1Sunderland149322391430
2Sheffield UnitedSheff Utd149321871128
3Leeds UnitedLeeds147522291326
4Burnley146621761124
5West Bromwich AlbionWest Brom14572148622
6Millwall146441712522
7Watford147162222022
8Middlesbrough146351816221
9Swansea CitySwansea14545119219
10Blackburn RoversBlackburn145451616019
11Bristol City144731819-119
12Norwich CityNorwich144642320318
13Derby CountyDerby145361818018
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15Sheffield WednesdaySheff Weds145361724-718
16Oxford UnitedOxford Utd144551717017
17Coventry CityCoventry144371819-115
18Hull City143651518-315
19Luton TownLuton144371621-515
20Preston North EndPreston143651420-615
21Cardiff CityCardiff144371320-715
22Plymouth ArgylePlymouth144371425-1115
23Queens Park RangersQPR141761223-1110
24Portsmouth141671327-149
> Championship Full Table


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