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One of the paper's last week reported it was 90% of turnover. I do think there's a bit of a feeding frenzy going on at QPR at the moment where the papers can pretty much report what they like as fact with no comeback.
That said, I wouldn't be at all surprised if it was something like that.
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Wages 155% of Total Revenue on 21:26 - Nov 25 with 2755 views
This shows exactly what's wrong with football... (Ingham, where are you?) - Over here we've got a lock out / strike situation where the NHL (ice hockey) players and owners can't agree on 50% - a 50/50 split - of revenues. The league would end tomorrow if the players demanded 150% of revenues... It's insane.