Fernandes defends QPR outlay

Queens Park Rangers chairman Tony Fernandes has strongly defended the club's spending in the January transfer window, despite admitting to taking a gamble.

Last Updated: 04/02/13 at 02:03 Post Comment

Tony Fernandes: Defends the club's transfer window spending

Tony Fernandes: Defends the club's transfer window spending

The Hoops brought in Tottenham's Jermaine Jenas and Andros Townsend, South Korean Yun Suk-Young, as well as Christopher Samba from Anzhi Makhachkala, in what was a frantic finish to the club's winter dealings last week.

Along with the earlier signing of Loic Remy from Marseille, Fernandes broke QPR's transfer record twice during the window and has come under scrutiny for his reckless spending.

The Malaysian entrepreneur is confident the league strugglers will not face a financial meltdown as a result. Speaking to the Telegraph, he said: "If you analyse it we haven't spent that much money on transfers and as for our wage bill, when I look at other clubs when they put their results out then ours is not too bad and there is now value in the squad.

"I don't think there is any recklessness there.

"No one can guarantee anything in football, but you try to minimise the risk as much as possible and that's where the expertise of the management comes in and they say 'this is what we need to survive' and you look at it and if it makes sense then the board and myself support it.

"Anyone who says we are gambling then - of course we are.

"There are no debts like at other clubs. We've put in a lot of money and it's no different from setting up a car business or an airline.

"But it takes time. QPR were an underinvested club. Simple as that. I'm not in it for one year, I'm investing for the future. I'm investing to build a stadium, to build a training academy, to build a proper business.

"Of course when you buy a small club you are going to incur some losses at the beginning.

"We, QPR, have to move out of the small club syndrome and for constant security have to build a bigger stadium, a better infrastructure. So far it hasn't worked but we won't be the first club for whom everything hasn't gone exactly to plan."

The Hoops currently lie bottom of the Premier League with their £20.5m spending over January an attempt to avoid relegation.

Looking ahead, Fernandes added: "We inherited a squad where every single player who has left is no longer playing in the Premier League, doesn't that say something? We have replaced and replenished the squad at a very low cost because most of them were free transfers. This is the first window that we have spent big money.

"It's not always about money. QPR are the bottom club and you don't come to the bottom club for the dollar sign. And I'm not going to get players for the dollar signs."

Related News

Most Commented

Readers' Comments

I

m concerned as I have swore at football matches and whilst watching football on the TV. Am I also in line for an FA charge?

mufc phil
Wilshere charged by FA

I

m a big Rafa fan, but when he substitutes Ronaldo after 60 minutes of his first game, which Real draw 1-1, I don't see the Real fans being patient. He'll be gone before October is out.

the tree
Rafa quiet on Sterling and De Gea

W

hy no blog? that's my summer ruined. Can someone start a petition on change.org please?

myyoot
The New Dawn Gossip

Footer 365

FIFA secretary general Jerome Valcke insists he is not guilty

FIFA secretary general Jerome Valcke insists he is not guilty of any corrupt practices and sees no reason to stand down.

Benitez emotional at Real unveiling

Rafael Benitez refused to discuss Real Madrid's apparent interest in Raheem Sterling and David de Gea at his Bernabeu unveiling on Wednesday.

FBI investigating FIFA's awarding of 2018 and 2022 World Cups

A US law enforcement official has confirmed the FBI are investigating how FIFA awarded the 2018 and 2022 World Cups.

Mail Box

Does Anybody Care About Russia?

Do any of us really care about the decision to give the 2018 World Cup to Russia? We're not sure anybody does. We have mails on Blatter, Rafa and lots more...

Celebrate Good Times, But Hard Work Starts Now

The Mailbox is joyous over the impending departure of Sepp Blatter, but offers a reminder that problems remain. Plus title winners, CL play-offs and Nigel Adkins...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company