BREAKING NEWS

BREAKING NEWS

QPR to appeal after losing challenge against hefty fine

Now Reading:

QPR to appeal after losing challenge against hefty fine

Text size Aa Aa

(Reuters) – Queens Park Rangers are to appeal after losing an arbitration decision over a multi-million pound fine levied on them for a breach of the English Football League’s fair play rules. An arbitration panel made up of three Queen’s Counsels dismissed QPR’s claim that the EFL’s 2012 financial fair play rules were unlawful under competition law. It also found that the fine levied on the club for exceeding spending limits was not disproportionate. British media reported in 2015 that the sum could be as much as 58 million pounds. “We are understandably disappointed with the decision,” QPR chief executive officer Lee Hoos said in a statement posted on the Championship club’s website. “We are currently examining our next steps, but we will be appealing.” The breaches occurred in the 2013-14 season when the West London club earned promotion to the Premier League by winning the Championship playoffs before coming straight back down the following year. The EFL rules, which allowed losses of no more than eight million pounds, were aimed at preventing clubs over-stretching themselves and risking going bust to secure a place in the top flight. “This decision vindicates the approach of the EFL board in defending this challenge,” EFL chief executive officer Shaun Harvey said. “The board understand the challenges that this decision could create for our valued, member club and will work with them, as and when the matter formally concludes.”

(Reporting by Shrivathsa Sridhar in Bengaluru, editing by Nick Mulvenney)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.