[thenry]

QPR's wage bill doubles - and that's even before the last two transfer windows are included in financial figures

http://www.telegraph.co.uk/sport/foo...l-figures.html

#QPR 2012 results have been published: a loss before tax of £22.6m, which is a small improvement on 2011 loss of £25.4m

The impact of promotion to Premier League is clear in #QPR 2012 results with revenue rising from £16.2m to £64.0m.

Unfortunately #QPR do not analyse the £64m revenue, but we know they got £43.3m from Premier League TV deal, while gate receipts were £7.7m.

#QPR wage bill almost doubled from £29.7m to £58.5m, but wages to turnover ratio fell from 183% to 91%.

#QPR wage bill not outlandish compared to many other clubs in 2011/12, e.g. Everton £63m, Fulham £62m, Bolton £55m, Stoke £53m.

However, only Blackburn and Bolton had worse wages to turnover ratio than #QPR 91% in 2011/12 Premier League. For context, Man City was 87%.

It should be noted that the 2012 #QPR wage bill of £58.5m is before all the high-profile signings this summer and January.

Worryingly, the #QPR aggregate losses for the last four seasons amount to a sizeable £80m.

#QPR net debt is up from £56.1m to £88.9m (gross debt £90.5m less £1.6m cash).

All of #QPR debt is owed to the club’s owners and (in theory) repayable in instalments before 22 May 2014 or on demand

Owners put £39m funds into #QPR in 2012, so club has required £104m of funding in last 4 years, split between loans and capital injections.

#QPR fans will surely be hoping that the owners emulate Al Fayed at Fulham and Whelan at Wigan by converting debt into equity at some stage.

https://twitter.com/SwissRamble

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raphael honigstein ‏@honigstein
forgot to tweet some gossip from Manchester: Edin Dzeko to Borussia Dortmund is "all but done", I was told. #BVB
9:34 AM - Mar 7, 2013
https://twitter.com/honigstein/statu...98014555713536

raphael honigstein ‏@honigstein
Dortmund officials negotiated with Man City at QPR game in London
9:39 AM - Mar 7, 2013
https://twitter.com/honigstein/statu...99149102342144

raphael honigstein ‏@honigstein
one word of caution: Dzeko to Bayern was also almost done last year, before too many agents asked for too much commission
10:19 AM - Mar 7, 2013
https://twitter.com/honigstein/statu...09249296773121

raphael honigstein ‏@honigstein
Dzeko is a similar case to Balotelli, imo. Needs to be no1 striker to fully function, Man City can't/won't offer that
12:16 PM - Mar 7, 2013
https://twitter.com/honigstein/statu...38719252594688

raphael honigstein ‏@honigstein
Dortmund CEO Watzke told sid that Dzeko story was "total nonsense". (Same words used by Klopp re Sahin deal in early Jan)
12:33 PM - Mar 7, 2013
https://twitter.com/honigstein/statu...43056695619585

---------- Post added at 13:56 ---------- Previous post was at 13:53 ----------

Rooneys questionable future at Utd..

raphael honigstein ‏@honigstein
btw, difference with Rooney and other players sold by SAF (Becks, RvN) is that there's no market for him. #250k #outofshape
12:08 PM - Mar 7, 2013
https://twitter.com/honigstein/statu...36664865726464

---------- Post added at 14:50 ---------- Previous post was at 13:56 ----------

Originally Posted by denphone

Well miracles can happen.

Football transfer rumours: Thomas Vermaelen to Barcelona?

http://www.guardian.co.uk/football/2...enal-barcelona