QPR Set to Axe 26 Players After Championship Club Reveals £177m Debt: Nightly Soccer Report
Queens Park Rangers, a blight on English football after the financial mess the club has gotten itself into plus the way they’ve mismanaged the club, are in an even worse state now after the club revealed it is £177million in debt. As a result, the club may be forced to axe 26 players in order to cut the wage bill, which is currently more than the wage bill at Borussia Dortmund, the finalists of the 2013 UEFA Champions League Final.
QPR are banking on getting promoted back into the Premier League at the end of the season, so the club can tap into the lucrative TV money. But whether the club gets promoted or not this season, QPR faces the possibility of sanctions from the Football League due to the club losing more than £8million in one season (as part of the new Financial Fair Play policies). The sanctions may include a hefty fine of £40million or a transfer embargo.
Needless to say, Tony Fernandes and the other executives at QPR are focused on doing everything they can to get the club back into the Premier League, as well as to sort all of the players out at the end of the season who are on high wages. The obscene annual wage bill at the Loftus Road club is an enormous £78million. To put that into perspective, if QPR was still in the Premier League, the club would have the seventh highest wage bill in the league.
QPR are currently in fourth place in the Championship, nine points off an automatic promotion place.
Just two weeks ago, QPR signed Ravel Morrison on loan from West Ham United, to add to an already bloated squad of 31 footballers.
Here are tonight’s world soccer news headlines:
- Jack Wilshere ruled out for six weeks with hairline fracture suffered during England friendly — ESPN FC
- Manchester United captain Nemanja Vidic will join Inter Milan on a free transfer in the summer — BBC Sport
- Liverpool announce annual loss of £50m in new club accounts — The Guardian
- Charlie Adam banned by FA following Olivier Giroud incident — BBC Sport
- Everyone’s equal in the eyes of the law – unless you are a football fan — New Statesman
- Why you need to treat comments about “another Premier League collapse by Arsenal” with skepticism — Forbes
- “I don’t do mind games,” says Jose Mourinho — Esquire
- Fulham midfielder Damien Duff ruled out for rest of season — BBC Sport
- Jonny Evans sidelined for further 3 weeks in latest injury blow — The Mirror
- Roberto Soldado: I would have quit Tottenham by now had I been younger — Evening Standard
- David Moyes writes letter to Manchester United fans pleading for support — Metro
- Nicolas Anelka performed the ‘quenelle’ twice during match against West Ham, but no one noticed — Independent
- Newcastle still have a shot of Europa League qualification — Metro
- Felix Magath questions Lewis Holtby’s fighting spirit ahead of relegation run-in — The Mail
- Fulham with plenty of explaining to do for the Kostas Mitroglou debacle — Pro Soccer Talk
- Don’t write off England, says Chelsea manager Jose Mourinho — The Independent
- Jack Wilshere must prove himself as Roy Hodgson will only take ’100 per cent fit’ players to World Cup — Telegraph
- ESPN’s soccer production crew adjusts on the fly to cover USA-Ukraine in Cyprus — ESPN
- Red Bulls star Tim Cahill becomes Australia’s all-time leading scorer — Sports Illustrated
- Ranking the candidates for MLS’s next two expansion teams (after Don Garber’s Tuesday Q-and-A) — Pro Soccer Talk
- Eddie Johnson got paid: New D.C. United forward signs Designated Player deal — Pro Soccer Talk
The Nightly Soccer Report is tomorrow’s news today. It’s often tomorrow morning’s worldwide newspaper headlines that are published the night before. We do all the work for you, combing the Internet and aggregating the news for you. Read The Nightly Soccer Report on World Soccer Talk every night before bed, so you can stay on top of all the news that matters.