QPR to pay up at last

The long running saga of QPR's breach of financial fair play rules during their 2013-14 promotion season has at last come to an end. They have avoided a £42m fine (which was approved last October by an arbitration panel) and have instead agreed to pay a £17m fine plus £3m of the EFL's legal costs. The balance of the £42m will be "paid" by the owners converting £22m worth of loans into shares. The £20m payment to the EFL will be scheduled over the next ten years.

Leicester City and Bournemouth have also reached agreement to pay fines of £4.1m and £3.75m respectively for their breach of FFP rules.

These outcomes strengthen the widely held belief that it is well worth breaking FFP rules if promotion to the Premier League is the outcome.