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QPR in financial strife after relegation from Premier League

QPR will play Championship football next year after a terrible 2012-13 campaign, with relegation from the Premier League already confirmed. The club’s owner Tony Fernandes invested heavily in the club since buying the Loftus Road outfit back in August 2011, but the organisation’s financial future now looks bleak.

Fernandes admitted earlier in the season that he would consider walking away from QPR should the side be relegated, and football in-play betting odds suggest this is still a real possibility.

Should the Air Asia entrepreneur make that move, the club could find themselves in a similar position to the likes of Leeds United and slip down the leagues quickly due to financial mismanagement.

QPR owner Tony Fernandes

Harry Redknapp’s wages will surely be considerable, much more than anyone else in the Championship, and the ex-Tottenham man’s future could also be on the line. However, the rumours suggest that a raft of big-money signings will be leaving the club. The main problem is that some of them will not want to due to the extortionate wages QPR handed them in a bid to salvage their Premier League status.

Players of quality such as Loic Remy, Christopher Samba and Julio Cesar will have no problems finding a new club, however some other players will not want to take a hefty paycut to leave, and could lurk in the reserves eating away at the club’s coffers.

The likes of Jose Bosingwa, Shaun Wright-Phillips and Tal Ben Haim, amongst others, will find it almost impossible to find a club that will match their current wage structure.

One thing is for sure, and that is that QPR must slash their wage bill and recoup as much money from transfer fees as possible over the summer. If Redknapp does stay he could well be the man to lead them back to the top flight, given his reputation for astute buys in the transfer market. But first a period of consolidation and damage limitation is needed.

QPR’s case should serve as an example to other clubs that will look to avoid relegation from the Premier League next season and in the future. Although the temptation will always be there to splurge money in a bid to avoid the drop, the consequences of these actions are far-fetching.

Should a team like Wigan get relegated this season also, the Latics will be in a much better position to bounce straight back to the Premier League given that they are ran sensibly by a cautious chairman and do not live beyond their means.

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About Gareth McKnight
I am an enthusiastic and dedicated freelance football writer, with a passion for the beautiful game. I am a lifelong Spurs fan, and ninetyminutesonline is my thoughts on the current affairs of world football.

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