Skip to main content

QPR edge closer to financial freefall

updated 8:41 AM EDT, Wed April 3, 2013
Harry Redknapp looks on alone as his QPR side gift the game to Fulham before launching a late fightback in vain
Harry Redknapp looks on alone as his QPR side gift the game to Fulham before launching a late fightback in vain
STORY HIGHLIGHTS
  • QPR diminish hopes of staying in EPL when losing 3-2 at Fulham
  • Relegation-threatened side now left with just seven games to beat the drop
  • Financial concerns mount with January spending looking ever more of a gamble

(CNN) -- Queens Park Rangers edged ever closer to relegation from the English Premier League -- and to a financial precipice -- after losing 3-2 at Fulham on Monday night.

The defeat, which came in a game which featured an own goal, a sending off and two penalties, left QPR seven points adrift of safety with only seven games left to play.

Sunday's home clash with fellow relegation-threatened Wigan Athletic will go a long way to determining whether the West London club can avoid the drop -- and so justify the enormous outlay by owner Tony Fernandes in recent times.

Fernandes, who also owns the Air Asia airline, admitted to a sizable gamble when spending over $34 million in January's transfer window, largely on just two players: Loic Remy and Christopher Samba.

On the evidence of Monday's night display at Craven Cottage, the wisdom of these purchases was questionable for the Congolese Samba was at fault for Fulham's first two goals, while also being outmaneuvered for their third, while Remy missed a penalty.

David Beckham's life in Paris
Beckham: Tom Cruise is hotter than I am
Is Juventus 'unsinkable'?

The Frenchman did score later to make it 3-2 and set up a thrilling finale, during which Fulham's Steve Sidwell was sent off, yet the visitors were unable to repair a first half where Dimitar Berbatov was gifted two goals before Clint Hill put the ball into his own net to give Fulham a 3-0 lead.

"We gave away the worst goals I have ever seen in my life," lamented QPR manager Harry Redknapp when talking to Sky Sports after the game.

"Scandalous goals -- a penalty, losing the ball, then the own goal. It was an absolute disaster.

"We got a goal back and came back in the second half and absolutely murdered them. When it went to 3-2, I could only see one winner -- I wouldn't have even taken a draw at that point."

"I was disappointed with the last 10 minutes. Christopher Samba put himself up front and then we started launching balls up and that is not how we play."

January's shopping trip, which included nearly $20 million on the wayward Samba alone, followed on from bringing in even more players during the previous window, when Park Ji-Sung, Jose Bosingwa, Stephane Mbia and former Brazil goalkeeper Julio Cesar were among a host who came in.

Cesar spoke of his desire to win the Premier League and play in the Champions League with his new club, but instead it is the second tier of the English game -- rather than glamor trips to Barcelona and Milan -- that looms.

Perhaps most disconcerting of all for Fernandes is the fact that his club may not be in the Premier League when its biggest television deal comes into play next season -- one which will guarantee even the division's bottom team a minimum $90 million per season.

Last year, the Premier League struck a $4.5 billion deal for domestic television rights in the 2013-2016 period.

That represented a 70% increase on the previous contract, with a separate overseas TV deal set to generate a further $3 billion.

Missing out on this windfall would represent major damage to QPR's projected earnings, especially with the club's annual accounts -- which were released last month -- showing that the club has been spending 91% of its turnover on wages alone.

Factor in that worrying figure with relegation and it's clear to see why the club's economic viability is a concern for so many -- even with the $73 million of parachute payments, which QPR would receive from the Premier League in the four years after relegation.

ADVERTISEMENT
Part of complete coverage on
updated 6:23 AM EST, Tue December 16, 2014
After 20 years, more than 300 goals and a host of major honors, Thierry Henry has called time on his glittering football career.
updated 5:14 AM EST, Fri December 19, 2014
They do things differently at Sociedad Deportiva Eibar, up in the mist-cloaked valleys of the Basque country. And it is working.
updated 8:53 AM EST, Wed December 10, 2014
He might be struggling to score goals for Liverpool, but Mario Balotelli's cheeky tweet about the British monarch hit the spot during the World Cup.
updated 8:53 AM EDT, Tue October 28, 2014
How Real Madrid's new stadium will look
They splash the cash on the world's best players, now Real Madrid are giving the Bernabeu the same treatment with a bling makeover.
updated 9:09 AM EDT, Mon October 27, 2014
Football world mourns South African captain Senzo Meyiwa who was shot and killed during a botched robbery in a township near Johannesburg.
updated 9:48 AM EDT, Tue October 21, 2014
A man as a Roman centurion and who earn his living by posing with tourists gestures in front of the Colosseum during a protest where some of his colleagues climbed on the monument on April 12, 2012 in Rome. The costumed centurions are asking for the right to work there after they were banned following a decision by local authorities.
From the ancient ruins of Rome, a new empire rises. But the eyes of the city's newest gladiator light up at thoughts of the Colosseum.
updated 12:22 PM EDT, Tue October 21, 2014
Once part of Germany's largest Jewish sports club, now he's the first ISIS suspect to stand trial in a country left shocked by his alleged radicalization.
updated 10:11 AM EDT, Fri October 17, 2014
One goal in eight matches for new club Liverpool, and dumped by the Italian national team -- Mario Balotelli has yet to shine on his English return.
updated 2:19 PM EDT, Sat October 18, 2014
Ched Evans smiles during the Wales training session ahead of their UEFA EURO 2012 qualifier against England on March 25, 2011 in Cardiff, Wales.
Should a convicted rapist, who has served their time in prison, be allowed to resume their old job? What if that job was as a high-profile football player?
updated 8:47 AM EDT, Thu October 16, 2014
After 10 years of golden glory, it's easy to see how Lionel Messi has taken his place among the football gods.
updated 6:34 AM EDT, Thu October 16, 2014
A football fan wipes a tear after Inter Milan's Argentinian defender Javier Zanetti has greeted fans following the announcement of his retirement before the start of the Italian seria A football match Inter Milan vs Lazio, on May 10, 2014, in San Siro Stadium In Milan
When will the tears stop? A leading Italian football club is pursuing a new direction -- under the guidance of its new Indonesian owner.
updated 6:41 PM EDT, Mon October 13, 2014
Norwegian 15-year-old Martin Odegaard is the youngest player ever to feature in a European Championships qualifying match.
updated 9:10 AM EDT, Fri October 10, 2014
After revolutionizing cricket with its glitzy Twenty20 league, India has now thrown large sums of money at a new football venture.
updated 10:53 AM EDT, Thu October 2, 2014
Get ruthless. That is Rio Ferdinand's message to soccer's authorities in the fight to tackle the scourge of racism.
updated 9:28 AM EDT, Wed September 10, 2014
A picture taken on May 16, 2014 shows 15-year-old Norwegian footballer Martin Oedegaard of club Stroemsgodset IF cheering during a match in Drammen, Norway. Oedegaard is set to become Norways youngest player ever in the national football team.
He's just 15 and the world is seemingly already at his feet. Norway's Martin Odegaard is being sought by Europe's top clubs.
ADVERTISEMENT