Football: Owners committed to QPR despite losses
Published on Mar 7, 2014 8:38 PM
LONDON (AFP) - Queens Park Rangers chairman Tony Fernandes insisted on Friday that the club's owners are committed to the Championship side despite suffering the biggest losses by any English club last season.
QPR lost £65.4 million (S$138.2 million) last season, when the club were relegated from the Premier League, while their debt almost doubled to £177 million.
They risk fines totalling tens of millions of pounds due to the Football League's financial fair play rules.
"We are committed and here for the long term," Fernandes said in a statement on the club's website.
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