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Thursday, March 06, 2014

#QPR Lost More than 64 Million Pounds in 2012-13

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According to...The Tweets of....Niall Rogers
51s

This is interesting, there is a breakdown of the income. The year we signed Park (Becks of Korea) commercial revenue fell from£4.5m to £3.6m
  1. So highlights Turnover £60.6m, Costs £114.6m, profit from player sales £433k, operating loss after interest etc, £65.381m
  2. Shareholder financing of £72.7m to buy £41.1m of players that could not keep us in the premier league.
     
    For a club not in debt net debt it £177m up from £91.4m last year.
  3. Wow, that's huge. loss for the year 2012 - 2013 £65.4m !!! Turnover was £60.6m so spent twice as much as earned.

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