EFL: QPR's fine reduced to £20m, the club withdraws its appeal before an arbitral panel

Queens Park Rangers FC (Sky Bet Championship) and the English Football League have reached an agreement that puts an end to the dispute between them regarding the body's Financial Fair Play rules, according to the two parties on 27/07/2018. The London club has agreed to pay a fine of £17m (€19.1m), as well as the £3m (€3.4m) in costs incurred by the EFL in the context of the procedure.

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.

"An arbitral panel on 19/10/2017 dismissed Queens Park Rangers' claim that the English Football…