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Promotion not critical for QPR despite massive financial loss

QPR chairman Tony Fernandes says it is "not critical" for the club to win promotion back to the Premier League this season despite their £177.1m debt, reports BBC Sport. Rangers, who are fourth in the Championship, lost £65.4m as they were relegated last season.

"Achieving promotion this season is not critical to our long-term strategy, but remains our short-term goal," he said.

"If we fail, the support is there and there is no need for any more advances to build a squad."

He added: "We are now in a position where we can work with what we have, and raise capital to invest in the squad by selling players who are not part of the manager's plans."

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Dave Williams

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