EFL Squad Cost Ratio
How much can Queens Park Rangers spend?
Under the EFL's Squad Cost Ratio rules, Queens Park Rangers can spend
around £37m on squad
costs - based on an estimated £25.9m of football
revenue and the 85% limit, plus the owner equity top-up.
That leaves an estimated £13.2m of headroom.
Queens Park Rangers: the SCR breakdown
- Estimated revenue (football) reported £25.9m
- SCR limit - 85% of revenue £22m
- + Owner equity top-up (max / season) £15m
- Effective spending allowance £37m
- Estimated squad cost reported £23.8m
- Headroom +£13.2m
High spending power
- squad cost is 91.9% of revenue
What this means
On these estimates, Queens Park Rangers sit comfortably inside the 85% Green Threshold. They have room to invest in the squad without straining the rules.
Old rules vs new: PSR compared to SCR
Under the old PSR system, clubs were judged on total losses over three years, not on what they spent on the squad as a share of revenue. Here's how QPR's position compares under both sets of rules.
| Old PSR (loss-based) | New SCR (revenue-based) |
|---|---|
|
3-year losses: −£33.8m
estimated
Limit: £39m Headroom: +£5.2m 2022/23–2024/25 (Championship) |
Squad cost: £23.8m
Limit (85% + top-up): £37m Headroom: +£13.2m Based on £25.9m revenue |
Known losses of £13.5m (2023/24) and £20.3m (2024/25) = £33.8m over two years. Trajectory suggests tight compliance. Relies on shareholder loan conversions (£60m converted to equity over 5 years) to remain within PSR. Net liabilities of £71m.
Note on this club's figures. 2023/24 revenue £25.9m. Staff costs £23.8m (one of the lowest ratios in the division). Sources: Swiss Ramble, matchdayfinance.com, Companies House.
Source.
Source.
Compare QPR with another club
Figures are illustrative estimates from published accounts and public reporting, not
official SCR submissions. SCR uses adjusted football revenue, which differs from headline
turnover. Last reviewed 2026-05-17.
Full rules explainer →