Loic remy tony fernandes biography

So Tony Fernandes thinks he added value to the QPR squad in last months transfer frenzy. With a five-year-plan to upgrade facilities and a relegation contingency involving wage cuts and quick sales, Fernandes could either be a genius or another wealthy fool.

Cynics might invoke Portsmouth’s fate. Hiring Harry Redknapp and spending loadsamoney despite being a small club with terrible infrastructure can do that to a narrative. It’s an easy leap to make.

So will history call the Malaysian entrepreneur a genius? Two signings stand out for me, and if QPR manage to stay up this year, it’ll be because of Chris Samba and Loic Remy. Or it’ll be attributed to them anyway, as justification of what everyone I know is calling reckless spending. However, failure could bring catastrophe for Rangers and its overzealous owner.

Samba is a player who could’ve gone to any club in the Premier League, according to Redknapp… but he didn’t, and moreover Rangers paid £12million and a reported £100k per week for his services. On the surface it doesn’t look like a good bit of business, but once you dig a little deeper… it still doesn’t look like good business. You can’t just spend yourself out of trouble; we’re talking about football, not fiscal stimulus. Ask Portsmouth fans. Yes, I said it too.

Then there’s Remy, who promised to be the next best thing in France, only to find himself plagued with a knee injury casting him out of first team contention and out of favour at Olympique de Marseille. With Newcastle offering stiff competition for his signature, it’s believed that Rangers offered a reported £75k weekly contract.

Fernandes makes a good point when he says that “In Rémy’s case we paid £7million for a very good striker who is 24 and has a resell value.” He does have good resell value, great in fact. The worry here is negotiating with a buyer when you’re languishing in the Championship and desperate to ease the wage bill. What happens to his resell

The charismatic billionaire bought another charismatic billionaire, Bernie Ecclestone’s, 66% share of London football club Queens Park Rangers in August 2011 for some £35m. He has been hugely successful in growing his low-cost airline, Air Asia, which he is now bringing to India along with Indian partners, the Tatas. He has Indian partners in London in the form of the Mittal family (Amit Bhatia, Lakshmi Mittal’s son-in-law sits on the board) but that’s where the similarities end. Together, the owners have loaned the club some £90m but QPR made a loss of £23m this year. QPR sit second from bottom of the Premier League and are 7 points behind the teams above them. If they finish in the bottom three they will be relegated and it could have disastrous long term effects for the 130 year old club. For 2011-12 expenditure on player wages equaled 91% of revenues and will rise even further this season. For a team with a tiny 18,000-seater stadium, their wage bill is simply too high.

The hands-on Malaysian, who is chairman of the club, regularly attends matches and genuinely seems passionate about his football team but has financed many baffling pieces of business. Though his Twitter feed is confident, he must be desperate for a strong finish to the season. Harry Redknapp is currently the club’s manager and has a mixed record when it comes to keeping clubs in the Premier League; though he’s managed to pull off a ‘great escape’ with Portsmouth when it seemed they were doomed to go to the 2 division (and win the FA Cup), he brought in too many players the small club simply couldn’t afford and when they got relegated the following season, they had to go into administration. They still haven’t recovered. Portsmouth went into

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QPR made a number of fateful big-name, big-money signings who flattered to deceive between 2011 and 2015, although Loic Remy was the exception to an otherwise destructive pattern.

The R's achieved promotion to the Premier League in the 2010/11 Championship campaign, preceding a catastrophic two-year spending spree - which was reenacted to some extent in 2014/15 after returning through the play-offs - under the ownership of Tony Fernandes following his purchase of the club.

Fernandes' ambition during that time cannot be faulted, so to speak. However, it was driven by a regrettably reckless and scattergun approach to recruitment, luring a batch of high-profile players to Loftus Road and building a squad which could have been strongly competitive in previous years but was instead made up of individuals past their best and with predominantly financial-based motivations.

Indeed, QPR's accounts from the 2012-13 Premier League season - where they were relegated in 20th-place - showed a wage bill of £78 million at 128% of the club's entire turnover.

With additional losses displayed of £65 million, QPR were left in debt of £177 million after returning to the Championship for the 2013/14 campaign, which was almost double the increase on their £91 million debt in 2012.

Verdict offered on QPR's Loic Remy regret

However, they struck rare gold by signing Loic Remy from Marseille in January 2013, even if the Frenchman did cost a pretty penny. According to reports, Remy became QPR's club-record signing in a shock £8 million switch from Ligue 1 outfit Marseille, agreeing a four-and-a-half-year deal on reported weekly wages of £80,000.

While Marseille had no qualms about offl

Queens Park Rangers owner Tony Fernandes is looking for a quick decision on Loic Remy's future, with it possible that the striker could stay.

With QPR having returned to the Premier League, there is a chance that France international Remy could be drafted back into their plans.

He was allowed to spend the 2013/14 campaign on loan at Newcastle United after failing to keep top flight football at Loftus Road and has expressed a desire to join a club competing in the Champions League.

Remy has already knocked back a number of approaches, though, with any move having to be right for both him and QPR.

If no suitable offer arrives, Fernandes would be delighted to retain the services of a proven goalscorer at domestic and international level.

He said of a player who continues to be heavily linked with the likes of Arsenal and Tottenham Hotspur: “The decision has to be fairly soon. We don’t want to be without a striker.

“My position on Remy is that I’m not going to wait until two days before the transfer window [closes].

“I signed Loic and he did a great job for QPR and Newcastle.

“I don’t think he would only stay for the money. He wants to be France’s top striker and believes in his ability.

“I’d like to keep Remy and I think I’ve made that clear, but he has to want to stay.

“He’s turned down some clubs. Some clubs have come in and he’s said, ‘No, I’d rather stay at QPR’.”

Fernandes has also revealed that Adel Taarabt could still have a future at QPR.

The enigmatic playmaker spent time with Fulham and AC Milan last season, but remains under contract at Loftus Road and may have a role