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.

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Championship - QPR 'face record-breaking £60m fine'
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Tony Fernandes has reiterated his commitment to QPR

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.

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