Football News: QPR shareholders write off loans

QPR have announced a loss of £9.8m for the year ending May 2014 after shareholders agreed to write off loans amounting to £60m.

The club remains in talks with the football league regarding any punishment regarding FFP rules with a decision expected within a week - If the accounts are ratified a small fine is anticipated rather than the huge fine which has been previously reported.

Many cynics could think writing off debts/loans rather than pay a huge fine in the same region [£60m} might seem a less bad news story.

Written by Richard Elmpuddle March 02 2015 23:29:53