QPR chairman Tony Fernandes has secured the club's financial future as they face relegation.

The Sun says he secured a £15million loan for QPR last month - but will also get record parachute payments if they are relegated.

Money for teams losing their Premier League status is set to increase beyond £60m next season.

That will soften the blow for those threatened with relegation - with QPR and Reading on the brink of the drop.

Clubs relegated into the Championship are currently guaranteed £48m over four years but that is set to hike following an improved TV deal.

Fernandes has recently insisted he is committed to QPR in the long term despite fears of financial trouble if they go down.