QPR’s £17.6million profit on transfers has eased their financial losses from the Covid-19 pandemic over the past year to £4.5m.
The Championship club yesterday published their accounts for the year ending May 2021 and, like all sides, they have been hit hard by the pandemic.
QPR recorded an operating loss of over £21m, up £4m from last year, but player sales have eased the significance of that.
The club made a profit of £17.6m from player sales, largely thanks to Eberechi Eze’s £19.5m move to Crystal Palace in August 2020.
It means QPR recorded a loss of £4.5m for last year, which is an improvement on the figure of £16.3m for the previous 12 months.
The club’s revenue fell by £3.8m to £14.5m and this was largely due to the fact supporters could not attend matches. Ticketing revenue fell from £4m to £207,000, although streaming revenue rose from £143,000 to £1.4m.
