QPR news: The stadium of Les Ferdinand brands selling an escape "an absolute joke" – Football



[ad_1]

Last summer, QPR finally settled its longstanding dispute with the league over excessive club club spending during its promotion to the Premier League in 2014.

West London has agreed to pay a fine of £ 17 million and to contribute £ 3 million to EFL's legal bill, with the club's shareholders having also deducted £ 22 million. sterling loans at the club.

QPR violated the league's spending rules at a time when clubs were not allowed to use proceeds from the sale of fixed badets, such as a pitch or stadium, to a related party in their financial fair play calculations.

But this clause was removed from the league's new profitability rules in 2017, allowing Derby to sell Pride Park to a proprietary company Mel Morris for £ 81m, which turned a £ 40m loss for the company. 2017/18 season in £ 40m profit.

According to EFL rules, clubs are limited to losses not exceeding GBP 13 million per season, although additional spending is allowed for community projects, ground improvements and youth development.

Since Derby has managed to exploit this loophole, Aston Villa and Sheffield Wednesday have done the same, causing strong criticism from the owner of Leeds, Andrea Radrizzani and Ferdinand.

Talk to Pennsylvania, former England striker, Spurs and Newcastle, said: "We have been punished for breaking the rules of financial fair play, which has been a stumbling block for years. still the consequences.

"But now they have changed the rules so that people can sell their stadiums to themselves." It's absolutely ridiculous.

"We could have done it but it was not allowed at the time.It's an absolute joke and they have to close this loophole.We filed our complaint, but that we listen or not, it's something else. "

We also understand that the Premier League is worried about this loophole, because it fears that the teams are using too much to reach the top of the ranking and can use this tactic to make ends meet.

[ad_2]
Source link