AN Arbitral Panel has dismissed QPR’s claim that the English Football League’s 2012 Financial Fair Play Rules were unlawful under Competition Law, and also found that the fine levied by the EFL on the Club was not disproportionate.

The decision of the three-man panel was released to the parties on October 19th.

QPR Chief Executive Officer Lee Hoos has confirmed the club will appeal the decision.

He said: “We are understandably disappointed with the decision.

“We are currently examining our next steps, but we will be appealing.

“However, until the matter is resolved in full, we are not in a position to provide any further comment.”

QPR and the EFL will not be making any further comment on this matter at the present time.