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Queens Park Ranger’s director of football, Les Ferdinand, talks to 5 live Sport’s Mark Pougatch about the club’s financial issues.

The London club, who have been relegated from the Premier League after just one season, are alleged to have spent more on salaries than rules allowed when they were in the division two seasons ago.

QPR revealed a £9.8m loss in March but £60m of loans were written off by owner Tony Fernandes and other shareholders. If the Football League refuses to find the loans acceptable under its Financial Fair Play rules, QPR could be fined by up to £60m.

Ferdinand agreed that a lot of money has been thrown in the wrong direction and they’re suffering the consequences however, he believes the owners have done what they thought was right and with the right intention.

This clip is from 5 live sport on Saturday 16 May 2015.