London club release figures showing importance of Premier League survival.
QPR have released figures regarding their wage bill which highlights the importance of them staying up, according to Sky Sports.
The club have revealed in their latest accounts that the club’s wage bill increased from £27.6 million to £56 million in the year ending May 31 2012.
Those figures show the club doubled their expenditure on salaries but do not take into account addition acquisitions made in the last two transfer windows.
Wages are likely to have soared significantly higher as the club has since gone on to acquire the likes of Bosingwa, Park Ji-Sung, Julio Cesar, Loic Remy and Christopher Samba.
QPR chairman Tony Fernandes admitted the club are ‘conscious of the need for expenditure to be closely monitored and controlled.
‘A critical driver of any club’s value is its presence in the Premier League and the club achieved its key objective for the 2011-2012 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.’
The club may find themselves in danger soon though as they currently find themselves bottom of the Premier League with just ten matches left to play.