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QPR ask for FFP fine to be cut

The EFL has never done much to enforce its financial fair play rules that would serve as a warning to other clubs.  In part this is because it knows that the whole FFP structure is open to a legal challenge as a breach of competition law.

One exception was the fine imposed on QPR.   Now that QPR's chief executive Lee Hoos has sent a letter to Championship clubs asking for the fine to be cut.

Kieran Maguire of the PriceofFootball reckons that the fine wasn't £42m as £20m was a debt to equity swap of loans that would never be repaid.  £3m was legal fees and the remainder was not to be repaid until 2028 so Maguire prices its current value at about £9.5m - still a lot of money at that level.

Hoos believes that the punishment was too harsh and refers to the impact of Covid-19.  What the reaction of other clubs was is open to debate: https://www.dailymail.co.uk/sport/football/article-9165339/QPR-CEO-Lee-Hoos-sends-letter-fellow-Championship-clubs-request-cut-42m-FFP-fine.html


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