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

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

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."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

PSG stun Barca, Bayern stay 100%

PSG edged to an entertaining 3-2 Champions League win over Barcelona, while Bayern Munich beat CSKA Moscow and BATE stunned Athletic Bilbao.

Champions League: Manchester City held to home draw by Roma

Manchester City endured yet another night of Champions League frustration as they were held to a 1-1 draw by Roma.

Champions League: Nemanja Matic earns three points for Chelsea against Sporting Lisbon in Group G

Nemanja Matic's header earned Chelsea three away points against Sporting Lisbon in UEFA Champions League Group G.

Mail Box

#Usingfootballersnamesineverydaylife

We have the last of these as well as mails on Liverpool, Wayne Rooney, QPR, Arsenal's injuries and more. It's a mailbox that's Alonso rather than Rafael, if you will...

How Much In 'Pounds Raheem Sterling'?

A whole lot of you use footballers' names in everyday life. And you hate yourselves for it. As you should. We also have mails on Newcastle, Rooney and more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property