Pre-Tax Losses Widened to £20.3m....
Posted: Mon Feb 23, 2026 11:15 am
From the 'Swiss Ramble'....
'Profit/(Loss) 2024/25
QPR’s pre-tax loss widened from £13.5m to £20.3m, despite revenue rising £2.1m (8%)
from £25.9m to £28.0m and profit on player sales slightly increasing from £2.2m to £2.3m.
This was more than offset by a steep increase in operating expenses, which rose £7.7m (19%)
from £41.1m to £48.8m, while net interest payable almost tripled from £0.6m to £1.5m.
The revenue growth was very largely driven by the new EFL TV rights deal, which led to broadcasting
increasing £2.5m (27%) from £9.3m to £11.8m, as there were small reductions in the other two revenue
streams.
Gate receipts fell £0.1m (2%) from £6.9m to £6.8m, while commercial was down £0.3m (2%) from £9.7m
to £9.4m.
Following some investment in the squad, QPR’s staff costs increased. As a result, wages rose £3.7m (15%)
from £23.8m to £27.5m, while player amortisation shot up £0.9m (55%) from £1.6m to £2.5m.
In addition, other expenses increased by £2.1m (15%) from £13.5m to £15.6m, while depreciation rose
£1.1m (54%) from £2.2m to £3.3m.
Seven Championship clubs have to date published accounts for 2024/25 with only one of them managing
to generate a profit – and that was just £0.3m at Plymouth Argyle.
Nevertheless, QPR £20.1m pre-tax loss is the second largest so far, only “beaten” by Norwich City’s £20.7m.'
'Profit/(Loss) 2024/25
QPR’s pre-tax loss widened from £13.5m to £20.3m, despite revenue rising £2.1m (8%)
from £25.9m to £28.0m and profit on player sales slightly increasing from £2.2m to £2.3m.
This was more than offset by a steep increase in operating expenses, which rose £7.7m (19%)
from £41.1m to £48.8m, while net interest payable almost tripled from £0.6m to £1.5m.
The revenue growth was very largely driven by the new EFL TV rights deal, which led to broadcasting
increasing £2.5m (27%) from £9.3m to £11.8m, as there were small reductions in the other two revenue
streams.
Gate receipts fell £0.1m (2%) from £6.9m to £6.8m, while commercial was down £0.3m (2%) from £9.7m
to £9.4m.
Following some investment in the squad, QPR’s staff costs increased. As a result, wages rose £3.7m (15%)
from £23.8m to £27.5m, while player amortisation shot up £0.9m (55%) from £1.6m to £2.5m.
In addition, other expenses increased by £2.1m (15%) from £13.5m to £15.6m, while depreciation rose
£1.1m (54%) from £2.2m to £3.3m.
Seven Championship clubs have to date published accounts for 2024/25 with only one of them managing
to generate a profit – and that was just £0.3m at Plymouth Argyle.
Nevertheless, QPR £20.1m pre-tax loss is the second largest so far, only “beaten” by Norwich City’s £20.7m.'