MX23RW : Friday, March 5 13:31:58| >> :120:61085:61085:

Queens Park Rangers record £9.8m losses

Premier League side Queens Park Rangers have announced a loss of £9.8m for last season up to May 2014 in their latest financial report.

Premier League side Queens Park Rangers have announced a loss of £9.8m for last season up to May 2014 in their latest financial report.

The Hoops, who were promoted from the Championship last season, have brought that number down since this time last year when they revealed losses of £65.4m.

In a statement on their official website, QPR have said that the figures are in line with their ambitions to reduce costs at the club.

"QPR filed its accounts for the year ending May 2014 showing the club posted a loss for the year of £9.8m," the statement read. "Expenditure was reduced by £22m mainly driven by lower player costs and this trend will continue in future years as the club will continue to bring losses down.

"In addition the club's shareholders reiterated their long term support for the club by strengthening the club's balance sheet by writing off £60m of shareholder loans.

"The club's shareholders and directors are of the opinion that the club is moving in the right direction and on track with its mid-term and long-term business plans."

QPR are currently 17th in the Premier League table, out of the relegation zone on goal difference.

ID:208664:cQx:QQ:

Click here for more stories about Queens Park Rangers

Share this article now:
Did you know...?
Sandro in action for QPR on November 22, 2014
Read Next:
Video: Sandro sent off for QPR Under-21s
>
Latest Sports Video
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.

rhs 2.0
Todays Game Header Right
Tables
TeamPWDLFAGDPTS
1Norwich CityNorwich34227548252373
2Brentford34189761362563
3Watford34189745242163
4Swansea CitySwansea32188641231862
5Reading34176114637957
6Bournemouth341510949331655
7Barnsley33166114137454
8Cardiff CityCardiff341581153351853
9Middlesbrough34148124036450
10Millwall34101683431346
11Stoke CityStoke341112113939045
12Bristol City34143173646-1045
13Luton TownLuton33128132837-944
14Preston North EndPreston34134173844-643
15Blackburn RoversBlackburn33117154639740
16Nottingham ForestNott'm Forest341010142833-540
17Queens Park RangersQPR321010123239-740
18Derby CountyDerby33108152537-1238
19Huddersfield TownHuddersfield34107173951-1237
20Coventry CityCoventry34811153146-1535
21Birmingham CityBirmingham34811152642-1635
22Rotherham UnitedRotherham3295183543-832
23Sheffield WednesdaySheff Weds3397172440-1628
24Wycombe WanderersWycombe3358202355-3223

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!