Championship - QPR 'face record-breaking £60m fine'

Queens Park Rangers are reportedly on course to receive a £60 million fine for overspending during their failed attempt to stay in the Premier league.

The London club suffered huge financial losses after signing a host of high-profile players during their attempt to survive in the Premier League last season.
The likes of Chris Samba, Park Ji-Sung, Julio Cesar and Loic Remy – some of whom are still owned by the club – all collected huge wage packets during the 2012/13 campaign.
Now the Mail on Sunday reports that QPR racked up debts of £80m during their time in England’s top flight and will be fined by the Football League for overspending.
Under rules of Financial Fair Play, clubs will now be taxed on their losses. And in essence QPR will pay a £1 fine for every £1 they lose during the 2013/14 financial year, over the figure of £18m.
Rangers, who are two-thirds owned by Tony Fernandes and one-third by the Mittal Family, are expected to record another huge loss this season. If said losses are £80m then the fine will be in the region of a massive £62m – which is almost all of what the club would receive for gaining promotion into the Premier League.
“This is the first season in which clubs will ultimately face sanctions [for over-spending],” a Football League spokesman told the Mail on Sunday.
If Harry Redknapp’s side are promoted back to the Premier League this season then the fine will be imposed in 2015, according to the Mail on Sunday. If they fail to make promotion, however, then the fine could be postponed but they would be hit with a transfer embargo.

 

Is there any club that Redknapp becomes involved with that doesn't end up in financial bother ....... he's attracted like a moth to a golden flame.

This is obviously not his doing but he just suits them down to the ground.

Then he wonders why the 'blazers' at England won't go anywhere near him

 

If it's reported in The Mail, it will almost certainly turn out to be a pile of ****e..

 

ive no sympathy for clubs like chelsea or city that buy championships or qpr that spend stupid money to slightly above average players to stay up. what would these clubs do if they could only spend there gate receipts on players. qpr would be fu***d with there 20,000 supporters every week.

 

dont think the england manager buys players ,refs yes

 

Is it worse than racism?
QPR £60 mil fine, allegedly, for trying to stay in the promised land. CSKA fined £20,000 for racism. Summit not right imo.

 

The authorities are going to make an example of the first breach of ffp rules imo mate, so what we did in the summer looks a little better all of a sudden

 

Not in the eyes of other fans. We're doing a QPR remember? There'd be 6 contracts dropping straight off the books to ease the burden too. Hate if we got to prove them all wrong like but if we did go down I think we'll be fine and under no threat of fines.

 

Absolutely, books are balanced and squad improved

Plus the season card money will be in by january, by my reckoning thats approx £12m