QPR put into administration

Chris Wright (left) is in negotiations with Andrew Ellis

Troubled Queens Park Rangers plight worsened when the club were put into administration on Monday.

A statement on the club's website read: "The decision has not been taken lightly and is a direct result of the losses incurred by the Group, currently running at £570,000 per month, over a sustained period of time."

The club is owned by Loftus Road plc and shares in the company have been suspended.

This move comes after chairman Chris Wright failed to find a buyer for the club.

Hopefully the day to day impact on the operation of QPR and Wasps as professional sports teams will be negligible

  QPR chairman Chris Wright

Wright was believed to be in discussions with former director Andrew Ellis, but those talks seem to have broken down.

QPR share their Loftus Road ground with Wasps and Wright says he will continue to finance the day-to-day running fo the club until the end of the season.

The London club's problems could further deteriorate if they lose their battle against relegation.

Wright said: "It is a very sad day for everyone involved in Loftus Road.

"The last six months have been a real struggle financially and although my intention was to secure a sale to the right buyer before having to take this decision, it has not been forthcoming.

"I will continue to fund the day to day running of the Group until the end of the season and help to find a purchaser for QPR and Wasps.

"Hopefully the day to day impact on the operation of QPR and Wasps as professional sports teams will be negligible, at least in the short term, and will in fact make the longer term more viable."