English Premiership

QPR face £58 million fine

2015-03-14 07:24
Tony Fernandes (AFP)

London - Premier League Queens Park Rangers could face a fine of up to £58 million for breaking Football League regulations on financial fair play, British media reported on Friday.

QPR could be sanctioned despite claiming that their financial losses from last season had been greatly reduced.

A story in the Daily Telegraph said that although £60 million pounds in loans had been written off, mostly by owners including Malaysian entrepreneur Tony Fernandes, that amount would still count towards their losses for the 2013/14 season.

It would be regarded as a "related-party transaction" and would mean QPR's losses for that season stood at £69.8 million pounds.

Under the FL's rules, clubs were allowed losses of £8 million pounds in 2013/14, with fines on losses above £18 million imposed on a pound-for-pound basis, leaving QPR potentially facing what is believed to be the highest fine ever imposed on a sports club.

QPR were promoted back to the Premier League last season, having lost £65.4 million the year before.

A Football League spokesperson said: "We are in ongoing discussions."

Queens Park Rangers refused to comment.

Read more on:    qpr  |  english premiership  |  soccer

What To Read Next


Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

29 October 2016
Sunderland v Arsenal, Stadium of Light 13:30
Manchester United v Burnley, Old Trafford 16:00
Middlesbrough v Bournemouth, Riverside Stadium 16:00
West Bromwich Albion v Manchester City, The Hawthorns 16:00
Watford v Hull City, Vicarage Road 16:00
Tottenham Hotspur v Leicester City, White Hart Lane 16:00
Crystal Palace v Liverpool, Selhurst Park 18:30
30 October 2016
Everton v West Ham United, Goodison Park 15:30
Southampton v Chelsea, St. Mary's Stadium 18:00
31 October 2016
Stoke City v Swansea City, Britannia Stadium 22:00
Team P W PTS
Previous Results

Date Home Team Result Away Team

Who will claim the Premier League title at the end of the 2016/17 season?

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.