Menu
Finance

EPL Side Queens Park Rangers At Risk Of Being Excluded If It Fails To Pay FFP Fine

Football League CEO Shaun Harvey warned on Tuesday that EPL side Queens Park Rangers could be "thrown out of professional football if they refuse to pay their multi-million pound Financial Fair Play fine," according to Ben Rumsby of the London TELEGRAPH. Harvey revealed that the league "could deny Rangers permission to play in its competitions in the event the club carried out their threat to contest their punishment" -- expected to be up to £50M ($80.5M) --  for breaching its FFP regulations. Even if QPR "avoided that doomsday scenario, the league could also kick them out of the League Cup from next season." The club "racked up record losses" of £65.4M during '12-13 and last season's figures are "also expected to make grim reading following their relegation and loss of Premier League television income" (TELEGRAPH, 9/9). In London, Owen Gibson reported QPR Chair Tony Fernandes has "vowed to fight any fine imposed by the Football League, which would have to go to charity rather than the other clubs under an agreement with the Premier League over its solidarity payments." Harvey said that he was "satisfied" that it would be "able to charge QPR for a breach of the rules while they were still part of the competition and that the ultimate sanction would be to refuse re-admission." Harvey: "Theoretically, that is the position but I would hope there would be resolution long before that option even had to be considered." Fernandes said after his club won promotion, "Will we fight the fine? What do you think? After all we've been through, it's my middle name -- 'Fight It' Fernandes" (GUARDIAN, 9/9).

SBJ Morning Buzzcast: May 23, 2024

2024 Sports Business Awards takeaways SBJ’s Joe Lemire, Austin Karp, Alex Silverman, and Mollie Cahillane look back at the 2024 Sports Business Awards

Sue Bird and Dawn Porter talk upcoming doc, Ricardo Viramontes of UNINTERRUPTED and NBA conference finals

This week’s pod comes to you from 4se where SBJ’s Austin Karp is joined by basketball legend Sue Bird and award-winning director Dawn Porter as the duo share how their documentary, Power of the Dream, came together and what viewers can expect. Later in the show ,Ricardo Viramontes of The SpringHill Company/UNINTERRUPTED talks about how LeBron James and Maverick Carter are making their own mark in original content. Plus SBJ’s Mollie Cahillane joins the pod to add insight into the WNBA’s hot start and gets us set for the NBA Conference Finals.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2014/09/10/Finance/QPR-FFP.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2014/09/10/Finance/QPR-FFP.aspx

CLOSE