Top 10 clubs in Europe by net debt

Modified Jan 15, 2017 07:31 GMT

UEFA released the Club Licensing Benchmarking Report for the financial year 2015.

#5 Queens Park Rangers FC, €279 million

LONDON, ENGLAND - DECEMBER 18: Tony Fernandes, Owner of Queens Park Rnagers looks on during the Sky Bet Championship match between Queens Park Rangers and Aston Villa at Loftus Road on December 18, 2016 in London, England. (Photo by Dan Mullan/Getty Images) — *QPR owner Tony Fernandes overspent initially in a bid to make QPR a constant presence in the top tier*

A prime example of spending way beyond their income, QPR frittered away money since their new owner Tony Fernandes took over in 2011 in order to stay in the Premier League.

The London club currently finds itself in the Championship for the second season running with no manager able to hold on to his post for long.

The club has already skirted with a huge FFP fine for irregularities in the 2013-14 season and since then, it has been working towards functioning in a sustainable manner. While, it will take a while to clear the debt, QPR is currently inching in the right direction.

Edited by Staff Editor