QPR fine for breaching financial fair play

Covered End

Stu_of_Kunming said:

Covered End said:

I have to admit, I thought they'd get away with most of it somehow.
I'm really pleased, even if it has taken 4 years.

Mind you I don't understand "the agreement from club shareholders to write off £22m of outstanding loans."

They're paying 17m over 10 years, I'd say they're getting away with it.

But are they ?
That's what I don't fully understand.

https://www.bbc.co.uk/sport/football/44980113

I think QPR tried to avoid a fine, by saying something like there were no losses, because they had been agreed to be written off.

golfaddick

wtf ???? " agreement with shareholders to wipe off existing loans" why ?? how ?? what has that get to do with the price of eggs. Then they get to pay £1.7 pa over 10 years. chickenfeed.

I just hope the Aussie have seen that. Pay whatever RD wants & then spend big over the next 3 years to get in the Prem. f**k what it costs as the penalty is certainly no deterrent.

another EFL climbdown. lust like the "fine" they gave W Ham as it wouldn't be fair on their fans to relegate them.

w*ankers

moutuakilla

cafcfan said:

The fine itself is what gets donated to charity isn't it? Or has the PL forced the EFL to change its rules again?

I thought PL fines were split between the PL teams and football league fined went to charity? Strong chance I am wrong...

Redrobo

All the money should be split between the teams that were in that league at the time as they were the ones that suffered as a result of QPR cheating.

msomerton

How long before QPR or the company responsible for paying the fine and legal costs goes into recievership to avoid paying.

Redrobo

Should be a transfer embargo until all paid up.

TelMc32

Redrobo said:

All the money should be split between the teams that were in that league at the time as they were the ones that suffered as a result of QPR cheating.

The panel that initially developed the rules wanted the ability to dock substantial points/relegation. The basis being that a financial penalty would not be a sufficient deterrent, should that club be promoted to the PL whilst over-spending. The Premier League refused to allow them to do that to one of their "member clubs".

So they went with financial penalties, with the fine being distributed to the other clubs in the division/EFL. Again, the Premier League refused to sanction this as they didn't want other clubs to benefit from their "member club".

It wasn't really anything to do with the Premier League, but they warned the EFL that they would withhold the share of TV monies that are currently distributed to EFL. The clubs felt they had no option but to agree that any fine would therefore go to charity.

soapy_jones

No surprise the PL acting like a second grade Colombian drug cartel i suppose. The slow death of English football continues...

TelMc32

I believe Leicester and Bournemouth have also settled. Hopefully, with clubs seeing the outcomes now, any future fines will be paid more promptly.

I know one of the lads who was on the committee who suggested those initial sanctions. A lot of people really hacked off with the PL for holding them to ransom and effectively watering down what they’d hoped would be a sufficient deterrent. The EFL clubs felt they couldn’t risk losing the PL TV monies as it was keeping a good few of them going, or at least reducing their losses.