QPR Accounts 19/20
May 24, 2021 11:16:06 GMT
Post by northwesthoop on May 24, 2021 11:16:06 GMT
The QPR accounts for 2019/20 have been released.
This is the previous season, the first under Warburton when we finished 13th and played the final 9 games behind closed doors
There are 2 threads of brilliant analysis on Twitter - links below. You just have to expand to view all the replies and you should be able to read down the thread in order
ANALYSIS 1
ANALYSIS 2
The key points are:
This is the previous season, the first under Warburton when we finished 13th and played the final 9 games behind closed doors
There are 2 threads of brilliant analysis on Twitter - links below. You just have to expand to view all the replies and you should be able to read down the thread in order
ANALYSIS 1
ANALYSIS 2
The key points are:
- Loss widened from £10m to £16m, as revenue fell £16m (47%) from £34m to £18m, though expenses were cut £11m (24%) and profit on player sales increased £3m to £6m
- A reduction of £4m in the wage bill - from £24 to £20 million
20m wage bill is now firmly in the bottom half of the Championship (20th of 24), only just ahead of the likes of Millwall £19m and Hull City £18m - Our owners continue to pump in money to the club to keep it sustainable
- The main reason for £16m revenue reduction was broadcasting, which dropped £14m (62%) from £22m to £8m, as parachute payments stopped, though gate receipts were also down £1.4m (25%) from £5.4m to £4.0m, while commercial fell £1.4m (19%) from £7.2m to £5.8m.
- operating loss (i.e. excluding player sales and interest) worsened from £12m to £17m, though this is actually one of the better performances in the Championship. Almost every club in this division posts substantial operating losses, i.e. half of them are above £30m
- Average attendance (for games played with fans) dropped slightly from 13,866 to 13,721, which is down 4,100 since relegation and is one of the lowest in the Championship
