QPR 'challenge legality' of Football League FFP regulations

11 May 2015

Queens Park Rangers revealed they have begun legal proceedings against the Football League, a day after being relegated from the Premier League.

The club say they are challenging "the legality of the Championship Financial Fair Play rules", which could leave them facing a fine of up to £58m.

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

Their relegation was confirmed by Sunday's 6-0 loss at Manchester City.

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

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

Football League Financial Fair Play
Championship clubs were permitted losses of £8m (£5m funded by shareholders) in 2013-14.
Clubs promoted back to the Premier League who exceeded those losses are subject to a fine.
There is a sliding scale on the next £10m of losses, with a maximum fine of £6.681m.
Once losses exceed £18m, the fine is imposed on a strict pound-for-pound basis.
Should there be an overall loss of £30m, the fine would be almost £19m. If it was £50m, the figure would be nearly £39m.

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