Fernandes defends QPR spending

Queens Park Rangers chairman Tony Fernandes has strongly defended the club's spending last month.

Last Updated: 03/02/13 at 10:10 Post Comment

Latest Articles

Transfer news: Michu will not be recalled to Swansea this season, says Garry Monk

Post comment

Garry Monk will not recall striker Michu to Swansea when Wilfried Bony goes to play in the Africa Cup of Nations.

Scottish Premiership: Celtic captain Scott Brown signs new contract which runs until 2018

Post comment

Celtic have announced captain Scott Brown has signed a new contract with the Scottish champions.

All Articles

Tony Fernandes: Defends the club's t

Tony Fernandes: Defends the club's t

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

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 January 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 in 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."


Click here for completely free £10 bet with Sky Bet & £5 free every week


Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Footer 365

World Cup: Michael Garcia's report to be examined by FIFA Audit and Compliance Committee

Michael Garcia's report into the World Cup bidding process will be examined by FIFA's Compliance Committee chairman.

Whelan: Mackay Caused No Offence

Wigan owner Dave Whelan believes that new manager Malky Mackay caused no offence with the content of text messages.

Dave Whelan controversy: Wigan owner apologises for remarks after being accused of anti-Semitism

Wigan owner Dave Whelan has apologised for comments he made in The Guardian which have been attacked as anti-Semitic.

Mail Box

Why Wilshere Can't Play DM For Arsenal...

We have a long mail on where Jack Wilshere fits in for England and Arsenal. Plus, thoughts on Liverpool's poor form, Dave Whelan, and the historical county of Lancashire...

Where Have All The Defenders Gone?

Somebody has done their research and concluded that the top teams in the Premier League concede more goals than ever before. It's interesting; it's the mails...

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