An arbitral panel on the 19 October dismissed Queens Park Rangers (QPR) claim that the English Football League’s (EFL) 2012 Financial Fair Play Rules (FFP Rules) were unlawful under Competition Law and also found that the fine of £41.965m for failing to comply with the Rules was not disproportionate.
QPR lodged an appeal against the decision and the appeal was due to be heard in London on 2 July 2018 before a new panel.
Following extensive discussions between the parties the Appeal has been withdrawn and the dispute settled on the following terms:
• A Fine of £17 million (with a time to pay schedule)
• QPR to pay the EFL’s costs of £3m
• A transfer embargo in the 2019 January Transfer Window
• The Club’s shareholders will capitalise £21.965m of outstanding loans.
Lord Pannick QC and Nick De Marco QC (instructed by Centrefield LLP) represented QPR; Kieron Beal QC and James Segan (instructed by Solesbury Gay) represented EFL.