Queens Park Rangers have challenged the legality of the Football League’s financial fair play (FFP) rules. With the Football League they have issued a joint statement to confirm that legal proceedings are under way, but shielded from the glare of publicity in the courts.
Queens Park Rangers have challenged the legality of the Football League’s financial fair play (FFP) rules. With the Football League they have issued a joint statement to confirm that legal proceedings are under way, but shielded from the glare of publicity in the courts.
An arbitration panel has been set up, thought to be composed of three QCs. Neither party will reveal when the panel will deliver its findings. Should the panel find in favour of the Football League, QPR are expected to be charged with breaking the spending rules and will be exposed to fines close to £60m.
The club would then engage in a second battle and seek to challenge the accounting principles of the FFP regulations. The club is confident that it wlll be able to reach a settlement on a lower sum. The Football League has played down suggestions that it could send QPR to the National League (formerly the Football Conference).
Despite receiving £24m in parachute payments next season, the club’s income is likely to fall by £50m after relegation.