QPR’s potential Premier League survival looks increasingly unlikely after the West London club slumped to a 3-2 defeat to local rivals Fulham.

Unless the Rs perform a near miracle then they will be playing their football in the Championship next season – this could be extremely damaging to the future of the club.

Given the combination of a large wage budget and the loss of money from television rights, QPR will be in all sorts of financial trouble if they are relegated. Despite the parachute payments that are offered to Premier League clubs who face the drop, QPR will struggle to balance their books.

January signings Chris Samba and Loic Remy led the BBC to describe QPR’s transfer policy as ‘ambitious, extravagant but incredibly risky should Redknapp not be able to keep the club in the top division’.

Now that survival is virtually impossible, QPR’s future looks extremely bleak. A re-building process will have to take place in terms of the squad, and maybe even the staff. It seems unlikely that Harry Redknapp, an experienced Premier League manager in the twilight of his career, will be enthralled by the prospect of turmoil and budget cuts; he may well feel that it will bring too much stress and that the potential rewards are not great enough to warrant him staying at the club.

Redknapp certainly seemed annoyed after the loss to Fulham, telling the BBC that "[QPR] gave away the most terrible goals I've ever seen since I've been managing a football team".

The mixture of trying to build a new squad too quickly, and some dubious signings, has caused QPR to be in both relegation and financial trouble. Consequently, if they are relegated they will not enter the Championship in good shape.

Ultimately, if QPR do go down this season, then do not expect them to return to the top flight any time soon.

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