QPR suffer heavy losses after Premier League return

QPR have suffered heavy losses from their first year back in the Premier League.

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.

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