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QPR lost nearly £500k a week

QPR lost £474k a week pre tax in 2021/22 reports Kieran Maguire.   This took QPR total losses over the years to £332 million. Losses covered by a combination of shares issued to owners and loans.    In terms of cash, QPR spent £20m more than it generated in 2021/22, this was funded by borrowings from owners.

Total revenue up over £7m mainly due to fans returning to matches post Covid.   Wages were up 10% mainly due to increase in playing staff. Wages are £124 for every £100 of income.

QPR bought players for £2.8m and had sales of £250k. Also spent £8.5m on new training ground.

QPR owe almost £6m to EFL for Covid loans, £10.2m on FFP settlement, £68m on loans and £2.1m on player transfer instalments.

New investor Richard Reilly now owns 12% of QPR.

QPR badly need a new stadium to generate income.

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