QPR suffer heavy losses after Premier League return
QPR have suffered heavy losses from their first year back in the Premier League.
The London Evening Standard says they lost £22.6million during their first season back in the Premier League.
Although that figure, published in the accounts for QPR Holdings Limited, was £3m down on their final season in the Championship, turnover soared from £16m to £64m. Debt has increased from £56m to £89m.
The deficit for the 2011-12 season was in part due to spending £25m on new players and the club face another big loss this season having splashed out more than £30m on signings in the last two transfer windows.