How much can Queens Park Rangers spend under SCR?

Queens Park Rangers has a guaranteed SCR spending limit of £23.8m — 85% of estimated football revenue of £28m. If the owner uses the full equity top-up, the ceiling rises to £39.8m.

What is Queens Park Rangers's SCR headroom?

Queens Park Rangers's estimated SCR headroom is −£3.7m — the difference between their 85% limit of £23.8m and their estimated £27.5m squad cost. With the owner top-up, the max allowance rises to £39.8m. Squad cost is 98.2% of revenue, which is Balanced.

Did Queens Park Rangers spend beyond their SCR headroom in the summer 2026 window?

Queens Park Rangers recorded a net sale of −£1.3m in the summer 2026 window against a pre-window effective SCR headroom of £12.3m (the 85% limit plus any owner top-up or allowance, minus estimated squad cost). That is £13.6m inside their calculated effective headroom. Against the 85% line alone, with no top-up, their headroom was −£3.7m. Spending beyond headroom is not automatically a breach: transfer fees are amortised over the length of the contract, sales offset signings, and none of it reaches SCR squad cost until the next accounts are filed.

Championship SCR

How much can Queens Park Rangers spend?

Under the EFL's Squad Cost Ratio rules, Queens Park Rangers have a guaranteed spending limit of £23.8m — 85% of estimated football revenue of £28m. Against their estimated squad cost that is £3.7m short. If the owner injects the maximum top-up (£16m/season), the ceiling rises to £39.8m.

Queens Park Rangers: the SCR breakdown

Estimated revenue (football) reported £28m
85% SCR limit (no owner top-up) £23.8m
Estimated squad cost reported £27.5m
Headroom vs 85% limit −£3.7m
+ Max owner equity top-up (if used) £16m
Max spending allowance (with top-up) £39.8m
Headroom vs max allowance +£12.3m

Balanced - squad cost is 98.2% of revenue

What this means

On these estimates, Queens Park Rangers are spending above the 85% Green Threshold but within reach of it - the kind of position the owner top-up allowance is designed to cover. Manageable, but not unlimited.

Summer 2026 window vs SCR headroom

Window spend (gross) £0
Window sales £1.3m
Net sale reported −£1.3m
Pre-window effective SCR headroom (85% limit plus any top-up or allowance) £12.3m
Against the 85% line alone −£3.7m

Within headroom

A net sale of −£1.3m leaves £13.6m of the £12.3m of effective headroom QPR had before the window opened — the 85% limit plus any owner top-up or allowance, minus estimated squad cost, the same basis as the transfer-window table.

Against the 85% line alone, with no top-up, QPR's pre-window headroom was −£3.7m (already over the line).

QPR made no fee-paying signings — all incomings free transfers/loans, so spend £0. Sole disclosed fee was Zan Celar's sale to FC Basel, reported £1.28m (Sports Mole, Yahoo Sports). Other departures undisclosed or free.
Source.

Spending beyond calculated headroom is not automatically a breach: transfer fees are amortised over the contract, sales offset signings, and none of it reaches SCR squad cost until the next accounts are filed. Every club's window spend vs headroom →

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: £54.1m reported Limit: £39m Headroom: −£15.1m 2022/23–2024/25 (Championship)	Squad cost: £27.5m 85% limit: £23.8m · Max (with top-up): £39.8m Headroom: −£3.7m Based on £28m revenue

Raw pre-tax results per Swiss Ramble: 2022/23 loss £20.3m, 2023/24 loss £13.5m, 2024/25 loss £20.3m, totalling £54.1m (matchdayfinance put the three-year pre-adjustment loss at £54m). Against the £39m three-Championship-season limit this implies roughly £15m of allowable deductions (academy, women's team, infrastructure, community) are needed — matchdayfinance estimate around £5m per year is required, which is plausible for QPR. The club does not publish its PSR position; it has also been paying down a historic FFP settlement (matchdayfinance cite £6.5m still outstanding). No published breach or charge; headroom after adjustments is not disclosed, so the adjusted position is estimated.

Note on this club's figures. Figures are from QPR Holdings' filed 2024/25 accounts (12 months to 31 May 2025), a full Championship season (finished 15th). Swiss Ramble: revenue up £2.1m (8%) from £25.9m to £28.0m, driven by the new EFL TV deal (broadcasting £9.3m to £11.8m; gate receipts £6.8m; commercial £9.4m); wages up £3.7m (15%) from £23.8m to £27.5m (matchdayfinance quote £27.4m wages and salaries, ~£30m total staff costs, a 106% wages-to-revenue ratio); player amortisation £2.5m (from £1.6m); profit on player sales £2.3m (from £2.2m); operating expenses £48.8m; net interest £1.5m; pre-tax loss widened from £13.5m to £20.3m (matchdayfinance quote £20.1m). Fan-forum summary of the accounts (wearetherangersboys.com) adds that debt rose £6.1m to £70.9m and shareholders funded ~£19m in the year. squad_cost is the wages line, excluding amortisation, per site convention. QPR remain in the Championship for 2026/27 with no parachute payments; head coach Marti Cifuentes was replaced by Julien Stephan in summer 2025. 2025/26 accounts (year to 31 May 2026) are not yet filed. Sources: Swiss Ramble (QPR 2024/25 and 2023/24 articles), matchdayfinance.com, wearetherangersboys.com forum thread on the accounts.
Source.

Compare QPR with another club

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Figures are illustrative estimates from published accounts, named analyst estimates and public reporting, not official SCR submissions. SCR uses adjusted football revenue, which differs from headline turnover. Last reviewed 2026-09-03. Full rules explainer →