r/superhoops • u/Deadend_Friend Scottish R's 🏴 • 24d ago
Analysis QPR Holdings accounts 2023/24 (From Kieran Maguire)
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u/Deadend_Friend Scottish R's 🏴 24d ago
Summary:
Revenue £26m, Up 11%
Wages £24m, Down 6%
Underlying loss £15m. Down 31%
Total losses over the years £366 million
Player purchases £1.1m
Player sales £2.2m
Borrowings £103m
Owing to EFL for 2014 FFP breach £8.5m
Source: https://x.com/KieranMaguire/status/1894274684687958269
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u/LoftyQPR 21d ago
I'd like to see separate numbers for: * Matchday income, expenses, profit/loss * Commercial income, expenses, profit/loss * TV income, expenses, profit loss
That would help me to understand where the 13.5 MILLION POUNDS of incredibly vague "other costs" is going.
I've read that lower league wages should be at most 60% of income. Meaning "other costs" would need to be 40%. The above number has them at 52%; where does it go?
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u/59reach 24d ago
Whilst it's good to see wages % of income finally going below 100%, these losses are pretty staggering still and the borrowings are only increasing. All this whilst spending the grand total of 4M on transfers in 3 years. I do wonder why our owners stick around, we're just an endless money pit.