Mark Hughes and Harry Redknapp spent countless millions of pounds on players who frequently underperformed, typified by Redknapp’s £12m splurge on ex-Blackburn Rovers centre-half Chris Samba.
By Steven Gyford –@Stevie_Gyf
Today, the extent of the club’s dire financial position was broadcast, ready for the world to gasp in shock and really make a mockery of Financial Fair Play.
QPR announced losses of £65.4m in the last calendar year, a figure that only big-spenders Manchester City and Chelsea have eclipsed.
Worse still, the Hoops find themselves over £175 million in debt and with a mammoth wage bill of £68 million, which wipes out their turnover immediately.
The figures prompted some shocking revelations:
QPR spend more money on wages than Borussia Dortmund. Think about that for a moment.
— Raphael Honigstein (@honigstein) March 6, 2014
Thomas ‘Das Hammer’ Hitzlsperger saw the above tweet and decided to give his own personal experience with QPR.
— Thomas Hitzlsperger (@ThomasHitz) March 6, 2014
It appears as though money does the talking at Loftus Road and it will speak volumes should QPR fail to regain a spot in the Premier League.