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QPR chairman Fernandes details how they're balancing books in transfer market

QPR chairman Tony Fernandes insists there's plenty of method to their transfer spending.

Fernandes spelt out how they are balancing the books after splashing out for Christopher Samba and Loic Remy.

He told the Sunday Telegraph: "We inherited a squad where every single player who has left is no longer playing in the Premier League, doesn't that say something? We have replaced and replenished the squad at a very low cost because most of them were free transfers. This is the first window that we have spent big money [last January Bobby Zamora was bought for £4.5 million and Djibril Cissé for £4 million]. One is Chris Samba who we've wanted for three transfer windows. It has been our problem from day one - a centre-back. Chris is a good guy, he's 28 and whether we go up or down he will be with us. We are building a team around him..

"We paid £12 million for Samba but West Ham paid close to that for Matt Jarvis [£10.75 million] and Sunderland did for Adam Johnson [£10 million]. I think every club has an £8-9 million player, In Rémy's case we paid £7 million for a very good striker who is 24 and has a resell value. If you go on [the website] transfermarket.com we have one of the best valued squads but our squad has not performed well..

"We've also let eight players go on loan [in January] which has taken a massive chunk off the wage bill. And there may be one or two more going in the Russian transfer window and the American transfer window. It's gone down. I can categorically state that not a single player is on £100,000-a-week. The wage we are paying Loïc Rémy is the wage that Newcastle were offering him. I just persuaded him that our project and London was a better project than Newcastle's..

"We paid what Newcastle were offering. I spent a lot of time and effort and he saw something in this project that he wanted to take a risk. If it doesn't work then we can find him somewhere else..

"It's not always about money. QPR are the bottom club and you don't come to the bottom club for the dollar sign. And I'm not going to get players for the dollar signs."

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Tribal Football Staff

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