Western daily press

[STFC Bart]

Article on back today about Power buying back QPR

probably speculation but a bit concerning nevertheless

[jonbd]

http://www.westpress.co.uk/displayNode.jsp?nodeId=145787&command=displayContent&sourceNode=145780&contentPK=17592373&folderPk=100269&pNodeId=145803

[Frigby Daser]

There's no quotes - but given the barriers put in place for him here, who'd blame him? Not me.

Got to love the fact that money which is good enough for a club like QPR isn't good enough for Diamandis and Co...wonder what the creditors would think of that.

[Batch]

Ohshit.

[Sippo]

http://www.thetownend.com/forum/viewtopic.php?t=21402

[Summerof69]

SOSDD (Same Old S***, Different Day)

[STFC_Gazzza]

I've had a flick through a couple of QPR message boards about the QPR AGM as mentioned in the article and not one person has said Bill Power showed an interest in buying QPR. Infact not one person said anything about Bill Power what so ever. So as noted on the L and P forum to me this is just Lazy journalism, putting 2 and 2 together, and pure speculation.

[Batch]

Either way I would be happier with a BP satement to that effect.

[STFC_Gazzza]

Either way I would be happier with a BP satement to that effect.

Yes admittedly however the WDP says it was mentioned at the AGM. This would be big news to QPR fans as well who loved Power and hate Pallidini so surly this would be mentioned in any round up about the AGM. If people were told Power were interested in buying the club people would be talking about it but there is nothing from anyone just a bit saying they are looking to sell the club. Power is not mentioned once.

If Power has put up with it all up until this stage surely he will stay long term. Think positive. Whenever QPR are for sale Power will be linked purly because he has money and is a QPR fan. There are no quotes in the article.

[Power to people]

2 points:

Power cannot get involved with any other club until his £1.2M is sorted

and

QPR are even more heavily in debt than us and I'm not sure even Bill would have the money to sort them out

But this is just journo's  2+2=10001 - it sells papers !!

Bill I beleive is committed to getting rid of the deadwood we have in the boardroom

[STFC_Gazzza]

2 points:

Power cannot get involved with any other club until his £1.2M is sorted

Are you sure? I can see if it was shares then that may be true as he would have a stake in a football league club however if it is a loan, he has no comitment to that club?

Effectively he is a creditor like say the police or whatever and he has given his services to be paid back later.

[Power to people]

Yep, it's been said quite a few times, how about the guy taking over Wolves that leant money to Wrexham, the debt had to be sorted before he goes to Wolves.

[RobertT]

yep, I think the ruling is about having a significant financial interest in another football club - not sure what the levels are though.

[wokinghamred]

Do you not think it would be great tactics by Power to say he was interested in QPR?

If the board do not have an investor, and the council say they will not contemplate a variation to the CVA, SSW would be bricking it if BP was not there in the background, as a possible last resort if all else failed.

If the CVA fails and the IR apply for a winding-up order (and why would they not - they do with everyone else?), BPs money would be the only way out for SSW.

I think the timing is great from BPs perspective.

[Ardiles]

Andronikou has still not responded to the CVA variation point.  It seems he genuinely believes he has the power to vary the payment terms, but no one else is able to understand how.

I would like to see this issue resolved ASAP.  If the Council were to publicly state that they will not contemplate a variation of the CVA terms, it will force Andronikou to justify himself.  Until then, we will have an impasse along the same lines as the loans vs shares issue.