QPR chairman Tony Fernandes insists the club's finances are healthy after their winter market mega spend.

Fernandes says the spending was not "reckless".

"If you analyse it we haven't spent that much money on transfers and as for our wage bill, when I look at other clubs when they put their results out then ours is not too bad and there is now value in the squad," Fernandes told the Sunday Telegraph. "I don't think there is any recklessness there." Nevertheless he conceded that owning a football club was a "gamble".

"No one can guarantee anything in football," he added.

"But you try to minimise the risk as much as possible and that's where the expertise of the management comes in and they say 'this is what we need to survive' and you look at it and if it makes sense then the board and myself support it."