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Davies heroic in narrow defeat

Hull City
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Fernandes eases QPR financial fears

Queens Park Rangers owner Tony Fernandes has insisted he has no fears over the club's financial future should they be relegated from the Premier League.

• Blog: Believe in the QPR regime

This month, the West London club's accounts revealed their debt has risen from £56 million to £89 million, in spite of their promotion to the top flight.

The newly-published accounts for the year ending May 31, 2012 also showed that the QPR wage bill almost doubled from £27.6 million to £58.5 million, resulting in a wages-to-revenue ratio of 90%.

After a summer transfer window of spending money on new signings and also further reinforcements made in January, there are concerns over how the bottom-of-the-table club would cope if they return to the Championship.

But when asked whether he feared relegation, Fernandes is quoted in the Independent as saying: "No fear at all. If we went down, we would just have to come back up.

"Our wage bill is a lot lower than being quoted. It has been blown out of proportion. We are not that far away from [operating within] Financial Fair Play anyway."

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