Queens Park Rangers escape £50m fine but must pay £8m for fair play breach

Queens Park Rangers have avoided a potential £50m fine for breaching Financial Fair Play rules in 2013-14, but were ordered to pay a smaller penalty.

The Football League has docked the club £8m due to irregularities in its financial records, reports The Express.

QPR recorded losses of £9.8m last season, despite chairman Tony Fernandes and other shareholders writing off £60m in loans.

Recorded losses reached £65.4m in 2012-13, but QPR's books suggested that expenditure had dipped by £22m the following season.

After extensive talks with the Football League, the governing body ruled that the fair play breach did not warrant the maximum penalty of £50m and slapped the club with the smaller fine instead.