Relegation holds no fear for QPR, says owner Tony Fernandes
Side currently bottom of the Premier League can handle the drop
Monday 25 March 2013
QPR owner Tony Fernandes says the club will be able to cope financially if they are relegated from the Premier League.
The club’s wage bill doubled to £56m in its first year back in the Premier League and it has reported a loss of £22.6m as debts jumped 57 per cent to nearly £90m.
QPR are currently bottom of the league, seven points from safety. When asked whether he feared relegation would cripple the club, Fernandes replied: “No fear at all. If we went down, we would just have to come back up.
“Our wage bill is a lot lower than being quoted. It has been blown out of proportion. We are not that far away from [operating within] Financial Fair Play anyway.”
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