QPR's wage bill soars
QPR news: Relegation looms despite wage bill doubling
Queens Park Rangers have revealed their wage bill has doubled from what it was last year.
These new figures will be alarming for many QPR fans especially if they do indeed get relegated from the Premier League this season, which is a firm reality as they sit at the bottom of the table with just ten games left.
What is even more shocking for QPR and owner Tony Fernandes, is the new figures don't take into consideration the wages of players signed in the summer of 2012 and the January transfer window of 2013.
The arrivals of players like; Park Ji-Sung, Jose Bosingwa, Julio Cesar, Esteban Granero, Junior Hoilett, Loic Remy and Christopher Samba will see the £56m figure rise even higher after it was announced that Samba is on around £100k-a-week and Loic Remy and Jose Bosingwa will also be denting the budget.
QPR chairman, Tony Fernandes has admitted that the new figures are a cause for concern and that things are being closely monitored behind the scenes at the club as they look to cut the wage-bill as much as possible.
He said: "A critical driver of any club's value is its presence in the Premier League and the club achieved its key objective for the 2011-12 season, by successfully securing its Premier League status for the coming season.
"The financial results reflect the club's focus on on-pitch success.
"There are a number of potential risks and uncertainties that could have a material impact on the group's long-term performance. These risks and uncertainties are monitored by the board on a regular basis."
DISCLAIMER: This article has been written by a member of the GiveMeFootball Writing Academy and does not represent the views of GiveMeFootball.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeFootball.com and SportsNewMedia do not take any responsibility for the content of its contributors.