Thetownend.com

http://news.bbc.co.uk/sport1/hi/football/teams/q/qpr/6750949.stm

QPR's Italian owners want to sell  
 
Paladini ousted Bill Power in 2005
QPR chairman Gianni Paladini says the club's Italian owners are ready to sell up for about £4m.
Paladini says he will sell his stake for the £650,000 he paid for it when he joined the board in 2004.

Fellow investors Antonio Caliendo and Franco Zanotti are also believed to be prepared to accept the price they paid for their larger stakes.

Paladini said: "We've taken the club as far as we can and don't have the money to take it further."

Between them, Paladini, Caliendo and Zanotti own about 62% of the Championship club.

Paladini added: "We need new investment and new people to take QPR forward. We just want the club to succeed.

"If the right people are there and can show they would be good for QPR, then there is no way we would try to stop them."

Rangers have been plagued by problems on and off the pitch since Paladini and Caliendo took control in 2005 following a bitter power struggle.

Caliendo has loaned the club a substantial amount in order to prevent it from going into administration.

Paladini insists this money will only be repayable should QPR make a profit by reaching the Premiership, and should not be a barrier to a takeover.

But any new owner would have to deal with ongoing losses and 11.59% interest repayments on a £10m loan a previous regime at Loftus Road arranged to take the club out of administration in 2002.

"When we came here the club was in a very bad position," Paladini added.

"Things are better now but we've done all we can and someone else is needed to take things forward.

"As long as they can show they have the money to improve QPR for the future, then I won't be looking for anything more from them than what I paid for my shares. Anything more should go into the club."

"I keep hearing people didn't want Bill to go and think he should come back. This is their chance," said Paladini.

And it has gone very quite since BP's 'days hours and minutes' speach :?

Oh Fuck

Oh, that's just great. Mav and Dell Boy are going to have a fucking party.

 :-))(

What would you do?

Its the heart versus head scenerio. Put money into the club you love and support being qpr, or put your money into a club that has the possiblity to be a huge club in the future?

With this board now in charge, BP is getting frustrated. I await the statement....

That would be the sit-on-the-fence party?  I don't get the impression Bill Power is the sort to bugger off halfway through the fight.

In all honesty I would probably say, "Fuck Swindon, I'm going back to QPR. They are my club and they want me"

Or words to that effect :?

are you talking about us?

all sounds a bit ominous though.

When i read that this morning I was slightly worried, it would obviously leave a massive problem if it happened, however I'm not sure is BP would wanna go back there.

yes i was. With a new stadium we could def be a top half championship side, and of course with the right backing.

it's hard for us to speculate on his ongoing relationships with members of the qpr board, not just the italians, but other senior members and any other large shareholders.

That was my thought when I read that this morning

The only plus point is that QPR are so much in debt to the dodgy Panama based finance company that it would take a serious amount of muscle to get them back onto an even keel.  Plus didn’t Bill state in his Agincourt-esque days, hours and minutes speech in the Adver that he had already been approached to become involved with QPR again but had to turn the offer down?

Personally in his position you’d have to be close to fucking it all off having been messed about so much.

Game over for us then

oh good was what i thought - I don't want him anyway, however the oh fuck could be him asking for his money back

:roll: strange german

we are all strange :wink:

I am curious as to why ?

I think what he said was that it all needed to be resolved because if Swindon didn't want him there were other people ringing him up including his "beloved QPR".

Noone can say for sure what is in BP's mind. There is absolutely no suggestion that he has had enough and would walk away from Swindon.  

My personal concern comes because if I were him, and the circumstances were right, I would start legal action to reclaim the £1.2m and take another oppertunity -  rather than continue to beat my head against the wall at Swindon). Lifes to short to waste .

Don't worry! If Bill does decide to go and plough his money into QPR instead, we've still got the mystery investor who's sure to put millions into STFC  :(

agreed

Well hopefully we can get some sort of statement from the consortium

The only thing is that I believe bill is a man of his word. He said he won't leace us in the lurch & I believe him. Having said that if the board don't get serious bloody quick I would not blame him at all

Saying that until he gets this £1.2m from the club he cannot go anywhere near QPR, as the FL won't let one person have significant interests in two clubs, and the likelyhood of getting the £1.2m at the moment is ...NIL.

I'd wonder if he had the financial clout to take on QPR, he only ever held a minority shareholding before.  Whether he could be invited to participate in a Consortium is another question I suppose.

This is just the same as last summer when Paladini was also issuing similar kind of "If Bill Power wants back in he can buy my shares" BS. Its brinksmanship by Paladini because he's under heat from QPR fans, along the lines of "Don't you dare criticise us because there's no-one else willing to take the club on. If there were serious investors, you wouldn't see us for burning leather etc etc"

Do you think there is a "How to cling to power at a football club" course being run somewhere in the shires?

Everyone knows where I stand on this saga.

However, I can understand everybody being more than a little disconcerted when reading todays report in conjunction with this quote from Bill

"I have had four other football clubs approach me, one of which is my beloved QPR, and I am stuck in limbo."

The word "beloved" is sticking in my throat a little

It'll all be fine. This board are fucked and we're gonna piss league 1 next season. Probably.

My first thoughts were that it'll be okay, one of the Trust boys will come on and put our minds at rest. So thanks Fred for those words of comfort, I feel much more at ease with the whole situation.

What's the point in worrying about what may happen?

Lets just stick to worrying about what is happening :D

this could potentially be the end of stfc.if bill walks we are fucked,unless the investor the board are on about exists. :?
there was always going to be a fight for control of our club,power must have known this.i just hope he sticks with it and gets us out of the shit we are in.if not alot of people are going to look mighty stupid

If he pulls out Arriba it will be down to the board. After all they are theones who have been playing silly buggars. You cannot expect the guy to hang around and be messed about indefinetely

it was always going to end up in court bart.this is a major test of bills loyalty to the consortium and its takeover bid.

As I recall the consortium was set up with the intent of seeking investment, the way Mike W pitched it to the fans he was gonna canvas for cash - it then emerged BP was his man, it would be interesting to know if other parties are involved/have ever been approached and who they are

I do not beleive that Bill will walk away, he is not going to be bullied into clearing off by the jokers we have, at the very least he will go to court for his £1.2m (plus interest)  - I do not beleive Bill will walk away, he has an attachment to this club now and he knows what fan's think of him.  

I don't think he has come this far just to up and leave when the going get's tough.

My thoughts entirely.

OK Fred (or Paul or Rob) let's give it another go.

Say something reassuring......3....2....1.......NOW!

Off you go!

But QPR is his beloved club.

i hope you are right.if he sticks with it he will gain more support for the consortium.

OK

Maybe I didn't word that very well.

I am sure that the FL would not allow such major investments in separate clubs (who might even be playing eachother within 14 months) by the same person, so from that angle I am sure that we are safe.

Bill has proved in the last 8 months that he is not going to let go that easily.

However................

As I have previously recorded (personally), the word "beloved" in his recent statement, coupled with this report today niggles at me a little

Perhaps its just me being a crotchety old fucker today

But if he takes the club to court Fred, wins recoups his £1.2, then fooks off to QPR. So then he won't have financial interests in both clubs.
Then we are totally up the shitter. Hopefully he won't go anywhere but the longer it all drags on the more and more worried I get.

Will he get any money if he wins in court?

If he takes the club to court and wins, how will he get his £1.2 mill back ?

The club have not got it !

Bill will not bankrupt the club, but could use the award to force through the sale of the club to the consortium.

Thats my take

As time goes by with nothing but increasingly vague statements in the press the more annoyed im becoming with the whole bloody thing.

So am I Yeovil, believe me

my head hurts.

Thanks Fred.

Im starting to think I might prefer it of the club died and we started again.

I told you that this morning in confidence

Dobber


 :twisted:

now that is depressing

ditto. i haven't got a fucking clue what's going on anymore, as soon as things look better - they fall to pieces again.

bill's spent the best part of nine months being fucked about by our board and if anyone knos how short life can be it's him.

if he has the opportunity to go back to qpr, i wouldn't blame him if he did.

same here unfortunately

That make two of us. :(

all the pro power stuff has said about what he will do for our club ect,ect.
 if he has acted correctly and is right about all the stuff that has been said about him and the consortium,then he has nothing to worry about when it goes to court.
if he walks he will have let alot of people down and i will blame him for it. the current board were never going to hand the club over easily anyway.thats a poor excuse if ever i've heard one if thats used and he walks.

i just hope he hangs in there for all our sakes,as it will leave a bitter taste for me if he doesn't.

If all Bill wanted back was his money, then why did he just not sue them in October '06

OK the QPR thing has changed the dynamics somewhat, but my heart is telling me that its not over yet

and if bill does stick with it,he will only look better for it.if our board are as bad and twisted as they have been labled as,then how can power lose?

I am confident he wont.

As I have said, I think he will win and use the award as leverage to run these people out of town.

They cannot pay the CVA yet alone the £1.2 mill (plus both Bill's and their own legal costs)

Bill WONT bankrupt the club !

Also, if I was this "so called" investor, I certainly would not be shelling out a penny until the outcome of the trial.

So it would beg the question of how the board are going to fund this legal battle when they cant even pay the CVA.

Forget all this posturing about renegotiating etc. The council have already stated that they will not support such a stance

its fucking doing my nut all this shit,i just wanted sorted asap.its so confusing

My head hurts, along with my heart


 :(

on a more optimistic note, there are 2 teams in swindon if we go under!

Cheer up lads

Yoooooooooooooooooooooooooooooooooou ... ummm blues!

Thanks for that John

Nothing has changed, QPR have been willing to sell for a long time but Power wants to be in charge at Swindon NOT QPR, if he wanted QPR he would have gone to court got his £1.2m and gone to QPR.

The bottom line is that he wants to own STFC - and he will not stop until he has acheived that I believe, so let's lighten up and work out how we are going to help Bill achieve this and rid ourselves of this cancerous growth we have.

People appear to have paniced themselves into a frenzy! Pandiani challenged Power to buy him out months ago - nothing happened. Yes, he's a QPR fan but he's also a businessman and it surely isn't great business to return to a previous venture.

I did several hours ago but no bugger appears to have read it. Rich P is right, people are just getting themselves worked up over a 2+2=5. But to be fair, that's what close season is for. Now, about these Giggs rumours ....

oh fuck. not what i wanted to here when i came on  :( i think ill go and support Supermarine......the prospect of another season under this board really doesn't bare thinking about

Sorry Andy i'm in a really optimistic mood today. Bill isn't going anywhere, i've got him locked in my basement. The "bill" you lot all know is an animatronic mock up i made shortly after the plane crash. That explains the jerky movements see?

What do you want me to say OST?  I'm not sure I can reassure you on behalf of the Trust board as I'm not part of it.

I can say I think this is bluster by Palladini.

If you ask me to assume it's not then I think Bill would probably still need others involved to get a deal off the ground for QPR.  He would also need to get the issue with the shares/loan sorted to satisfy the FL.  Having said that, if people approached him and a court case was quickly dealt with then I would say it must be tempting for him.  He's certainly passionate about them from what I could gather.

Anyway, the longer this goes on, the further I get from the loop.  Paul would be your man for being on the "inside" these days.  My info largely came from being involved actively before Christmas.

I dont care no more

what happens if BP actually does want out of STFC,  because he really wants to be involved in QPR and the football league won't let you be on the board of two clubs ?

The bopard can't afford 1.2million whatever happens.  But with shares they wouldn't have to buy them back off BP unless they wanted to, and BP is stuck with them as he can't even give them away to anyone else (unless they are already on the board) since its a limited company.

If it was a loan and BP called it in, regardless of if there is any realistic chance he would ever get the cash back again, would that be enough for the FL to let him get more involved in QPR ? He wouldn't be on the STFC board, wouldn't have any shares and would just be another creditor.

If correct it would imply a certain level of financial forward thinking (or sheer luck) that i wouldn't really attribute to the fuckwits that run this club, in that they may have just flogged a non-controlling share in a worthless company for 1.2mill, but is it possible ?

even if that was the case, i think i'd find it rather depressing.

My fault.  :oops:  :mrgreen:

Yeah, cos last season was crap, wasn't it?

The board are crap. The board were crap last season and we got promotion.

I'm not saying we'll get promotion this season, but when I go on a Saturday I'm not thinking about the board, I'm thinking about the team.

And before the 'They'll be no team if this board doesn't fuck off' brigade reply, I'm merely trying to put a positive spin on this situation, as I'm getting pissed off with all the doom merchants :wink:

One other point. Before BP joined forces with the Consortium, there was still a Consortium, whose aim at the time was to take control of the club. While the loss of BP's million(s) would be a blow, it shouldn't be terminal, if that was the case, what were the Consortium planning on before he joined them?

If Mr Power pulls out then the trust could look for someone else to launch a takeover and put some money into the club, Bill Power pulling out would be a massive blow but it wouldn't be the end of STFC.

fair point Hertha. ive just had enough of it all. and if BP pulls out then i might have to consider not going to games anymore. i just hate this board with a passion. i'm sure the Trust would continue to find a backer but what are the chances of this happening? probably quite slim. more chance of us going bust if BP pulls out. i hate to say it just like you do but it's true

Lets face facts

The board do not want to deal with the Consortium full stop, irrespective of who's money is behind it.

Its more concerned with finding an investor, not a take over bid.

That way there is no due dilligence to be done and their little secrets stay buried once again

I have a sneaky that Genf is right in that if Bill can prove it WAS a loan, then there would be nothing to stop him getting involved at QPR again if he wanted too.
If the money was converted into shares as the monkeys at sn1 are suggesting,he is faced with a major dillema.
LIKE EVERYONE ELSE, IM SICK TO THE BACK TEETH WITH IT ALL!!!!

Welcome back Millom!

Where've you been?

Special Ops over Lydiard Park ?

Cheers herthab..
Here and there mate...

That sounds well dodgy mate

Colombia again ?

Ha-Ha....Nah...nowt as interesting as that. Been in Kent for the most part with a short trip to Germany in between.

Ive kept an eye on things from afar though and am pissed that not much seems to have moved forward in the last month or so!!
 :evil:

We share your pain brother, all down to Bill now to shake things up a bit

Welcome back BTW

Need to get together for a few beers mate


 :beers:

Cant do owt this weekend mate, next weekend is a possible though.

Hello Millom how have you been ?

Busy macca...you?

Next weekends best for me too Matt

oi we are fucking talking here do you mind ....

same as millom been a bit hectic

a nothing story, this is all just bluster from pandiani or whatever his name is.

and besides, i firmly believe that BP is fully committed to us. £1.2million can't be walked away from and the only way he'll see that again is if he takes over the club.

it will take time for the court to contact the club and when they do the board will be given some time to respond to the charges, once that time (28 days?) has elapsed then we will should find out if the board plan to offer a defence. obviously the board aren't going to confirm that the courts have been in touch, they'd like us to think that BP was bluffing, they will also test BP's resolve as to how far he's willing to take this. i dont think we really need a running commentary on this, as BP is deadly serious about sorting this out once and for all.

gents, sorry to interupt.

Yeah...butt out baldy!!
 :Ride On Fatbury's Lovestick:

We'll sort something for next weekend then Fredio...All dayer?

that will do for me mate !

Good shout Lebowski...

The best post in this thread


 :king:

If Power wasn't waiting to get his £1.2 million back from the club I'm sure he would have been off like a shot.

At the end of the day he is a QPR fan and like all true fans would love to have a say in the their club.

Obviously I hope he stays and continues to fight to get control of the Swindon but if not I would have no animosity towards him.

But he doesn't like Paladini, especially after the shootout at Loftus Road.

Excellent.

Effectively Lebowski, you are saying that everything is absolutely, definitely going to be ok.

That'll do for me cocker 8)

To compare this to something else, the new guy that is taking over at Wolves for £10 (sorry name escapes me) made a loan to Wrexham and it was stated that something had to be done about this before he took over at Wolves as you are not allowed to have interests in 2 clubs.

But as has been stated by myself and others I don't think Bill is going anywhere soon...he wants STFC full stop.