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Footy ekonomics

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    Footy ekonomics



    " The true cost of Queens Park Rangers’ desperate attempt to avoid relegation from the Premier League has been laid bare after they confirmed losses of £65.4 million last season.

    The club’s 2012-13 accounts, filed with Companies House this week, expose the extent of their financial plight, which ironically could get much worse if they secure an immediate return to the top flight.

    Rangers’s £41.1m spending spree last season backfired spectacularly as they finished rock bottom of the Premier League.

    As well as losses almost trebling, their net debt virtually doubled from £91.4m to £177.1m, while turnover dropped from £64m to £60.6m and ticketing revenue was down from £8.4m to £8.3m.

    Wages and social security costs soared from £58.5m to £78m as staff numbers increased from 130 to 164, with players, coaches and support staff numbers up from 84 to 107. "

    Source: QPR made losses of £65.4m last season as they failed to avoid relegation from the Premier League - Telegraph

    So, less than £8.5 mln "core" demand and £78 mln wages!!!

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