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QPR Set to Axe 26 Players After Championship Club Reveals £177m Debt: Nightly Soccer Report

loftus road 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:

Championship

Premier League

International soccer

MLS

Serie A

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. 

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About Christopher Harris

Founder and publisher of World Soccer Talk, Christopher Harris is the managing editor of the site. He has been interviewed by The New York Times, The Guardian and several other publications. Plus he has made appearances on NPR, BBC World, CBC, BBC Five Live, talkSPORT and beIN SPORT. Harris, who has lived in Florida since 1984, has supported Swansea City since 1979. He's also an expert on soccer in South Florida, and got engaged during half-time of a MLS game. Harris launched EPL Talk in 2005, which was rebranded as World Soccer Talk in 2013.
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3 Responses to QPR Set to Axe 26 Players After Championship Club Reveals £177m Debt: Nightly Soccer Report

  1. Cody (#2) says:

    Well one things for sure….Harry will be the first one in the lifeboat of that sinking ship.

  2. elliott says:

    Slick Harry strikes again!

  3. yespage says:

    Even if they do promote, it doesn’t seem like they’ll have the financial footing to stay up top.

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