Punters in the Football Transfer Tavern weren’t too surprised to see Queens Park Rangers splashing the cash during the recent transfer window, however some of the fees paid out have caused debate on whether owner Tony Fernandes is taking a massive gamble.
Harry Redknapp’s side sit bottom of the Premier League, six points off safety after yesterday’s 0-0 home draw against Norwich City but despite the reckless spending, Fernandes has denied suggestions they have overspent.
Redknapp brought in Loic Remy from Marseille, Tottenham’s Jermaine Jenas and Andros Townsend, South Korean Yun Suk-Young, as well as Christopher Samba from Anzhi Makhachkala, in what was in typical Redknapp style, a hectic end to the winter window last week.
However Fernandes told The Telegraph that the club had not spent recklessly stating: “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.”
Although Fernandes did admit that the club was taking a risk.
He said, “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.”