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QPR agree FFP deal

The four year legal battle between the EFL and QPR over financial fair play has come to an end with an agreed settlement of £41.965m. They will also be under a transfer embargo in the January window.

The club will pay a £17m fine to the EFL over a ten year period, contribute £3m to cover the EFL's legal costs and convert £21.965m of existing loans into equity. QPR were ordered to pay a world record £40m fine last year. QPR launched an appeal which they have now withdrawn as part of the settlement.

Although the fine has been substantially reduced, the owners will still have to pay out a total of £42m.

Kieran Maguire of the Price of Football offers his views on the deal here: FFP Fine

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