Qpr Faces Football League Ffp Fine

11 May 2015 | sigadmin

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Queens Park Rangers has confirmed the club has begun legal proceedings against the Football League, relating to its financial performance last season, after relegation from the Premier League was confirmed at the weekend.

QPR’s 6-0 defeat at Manchester City on Sunday confirmed the side’s relegation back into the Championship, therefore making the side accountable to the Football League for its financial results from last season, filed in December.

In March, the club announced losses of £9.8m, but £60m worth of loans were written off by owner Tony Fernandes and other shareholders.

The Football League believe that the club are in breach of their Financial Fair Play regulations over the written off loans.

If that injection of money is not accepted, QPR will be judged to have lost £69.7m in 2013-14, a sum far in excess of the Football League’s rules.

A failure to pay any fine imposed could technically see the London side being refused entry into the Championship.

Rangers said any charge for breaching the rules would not begin until the outcome of their challenge was known.

Under the Football League Financial Fair Play rules, Championship clubs were permitted losses of up £8m, with £5m funded by shareholders, in 2013-14.

There is a sliding scale of fines until the total exceeds £18m, where a strict pound-for-pound fine is imposed.

According to media reports, the club’s arguments are likely to focus on how the Football League’s own FPP rules have changed, with the possibility of a competition law challenge on the basis that the League was abusing its dominant position in an anti-competitive manner.