EFL: an arbitral panel dismiss QPR's claim and maintains a fine estimated at £58m

"An Arbitral Panel has dismissed Queens Park Rangers’ (Sky Bet Championship) claim that the English Football League’s 2012 Financial Fair Play Rules were unlawful under Competition Law, and also found that the fine levied by the EFL (never officially revealed, but estimated at £58m, or €65m on 24/10/2017) on the Club was not disproportionate," said the English Football League on 24/10/2017.

Under the 2012 EFL Financial Fair Play Rules, Championship clubs were permitted losses of £8m (€9m) in 2013-14, for clubs promoted to the Premier League at the end of the season (as was the case of Queens Park Rangers), and would be subject to a fine if the limit was exceeded. The London club has finally declared losses of £9.8m (€11m). More importantly, Tony Fernandes, then owner of the club and now co-chairman, as well as other shareholders of the club, had accounted for an amount of £60m (€68m) invested in player loans as an "exceptional item", which then allowed Fernandes to reduce the club's losses.

"This decision vindicates the approach of the EFL board in defending this challenge. The…