" 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!!!
