QPR Broke Even in a Season That Went Nowhere in Particular

In the 2024-25 season covered by these accounts, Queens Park Rangers finished 15th in the Championship under Marti Cifuentes, a steady mid-table campaign that never seriously threatened the play-offs or the relegation zone at any point.

Turnover rose by around 18% to close to £31m, and remarkably, QPR essentially broke even for the period, a rare result in a division where most clubs post significant losses regardless of where they finish in the table.

Net assets sit close to break-even too, at around minus £2m, one of the healthiest overall financial positions of any club in the bottom half of the Championship that season, a sign of increasingly careful financial management under the club's ownership.

Staff costs of around £23m against turnover of £31m show a wage bill comfortably within the club's means, a deliberate departure from QPR's more turbulent, overspending years earlier in the decade.

A season with no real drama on the pitch matched a set of accounts with no real drama in them either, a sign that QPR's finances have finally caught up with the caution the club has preached for years.