QPR threatened with relegation to Conference
Premier League side Queens Park Rangers face the prospect of being demoted to the Conference if they fail to pay a potential £40million Financial Fair Play fine.
Having racked up losses of around £60million last season, the club will be sanctioned by authorities.
Football League chief executive Shaun Harvey, speaking at the Soccerex Conference, said QPR will not be re-admitted to the Championship if relegated from the top flight, if they have not paid off their fine, forcing them to seek a league position in the Conference.
Harvey said it was theoretically possible they could be refused entry back into the second tier if they did not comply with a December 1 deadline to submit accounts or pay any fine.
Asked if it was the 'nuclear option' to not admit QPR, Harvey responded: "Theoretically that is the position, but I would hope there would be resolution long before that option even had to be considered.
"We are satisfied we still have the ability under our regulations to charge them for a breach of our rules whilst they were in membership."
Asked in May whether the club would fight any fine, QPR owner Tony Fernandes said: "Will we fight the fine? What do you think? After all we've been through, it's my middle name - 'Fight It' Fernandes.
"My view has been consistent, that it is very unfair for a club that has been relegated as the wage difference - between the Premier League and -Championship is impossible. There should be a time period for clubs to rectify their salaries.
"If we were in the Championship in two years with that wage bill it wouldn't be right. I'm in favour of FFP but it is unfair for a club coming down."
All money earned from FFP fine will be given to charity.