As featured on NewsNow: Football news

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."

 For breaking stories and all the great banter like us on Facebook: facebook.com/tribalfootball



Support Tribal Football with this great deal from our partners ExpressVPN. You get an extra three months free with the 12-month plan (a saving of 49%!). All plans come with a 30-day money-back guarantee if you change your mind. Click here to try now, risk-free for 30 days - and support Tribal Football in the process.

Video of the day:

About the author

Dave Williams

Have your say
×

Subscribe and go ad-free

For only $10 a year

  1. Go Ad-Free
  2. Faster site experience
  3. Support great writing
  4. Subscribe now
Launch Offer: 2 months free
×

Subscribe and go ad-free

For only $10 a year

Subscribe now
Launch Offer: 2 months free