QPR fans now face the prospect that hopes of a return to the Premier League will be dashed by a points deduction if the Club is found guilty of seven breaches of FA regulations.

This has led fans to question the role played by former agent Gianni Paladini in Club affairs. Paladini, who himself stands personally accused of giving false information to the FA continues to remain a director and chairman of QPR Football and Athletic Club although his position on the Board of QPR Holdings was recently terminated.

In fairness to Mr Paladini it is important to point out that the charges made against both the Club and himself have been denied. Nevertheless the wording of the Club’s statement, that no deliberate wrongdoing has taken place is of concern, if it means that we are relying on ignorance as a defence.

We hope that the club can demonstrate that it has always acted in good faith seeking advice and clarification when necessary. If wrongdoing is indeed found by the FA to have taken place, deliberate or otherwise, we hope that the FA will find the most effective way of limiting the punishment to  the person or persons involved rather than punishing blameless players and fans.

In the meanwhile we urge all fans to get behind our manager and the squad as every point we can earn may prove to be more vital than ever to our promotion campaign

Responding to media speculation about the sell of a 67 % stake in QPR Holdings to a consortium of American and Asian businessmen, the Club has issued a statement confirming that it has entered into preliminary discussions which may or may not result in an offer being made.

It would appear that these discussions relate to Bernie Eccelstone selling his 62 % stake in QPR Holdings with Flavio Briatore maybe also giving up his nominal share. In a press interview, Amit Bhatia denied that the Mittals were not part of these negotiations and did not intend to sell their 33 % stake.  He stated that, “We remain passionate about QPR and are working to achieve our immediate goal of providing Premier League football to our loyal supporters next season.”

It is interesting to note that Lakshmi Mittal made a rare appearance at Loftus Road to see us increase our lead at the top of the league.
Meanwhile accounts for the 2009-10 season revealed that the club made a pre-tax loss of £13.7m and had a net debt of £37m.
We very much regret that whilst the Club decided to confirm that negotations had taken place it did not reassure fans that any take-over would be postponed until our campaign to return to the Premiership had been resolved.

QPR1st Supporters Trust would urge both current and potential new owners to appreciate that the foundation of that success has been stability and consistency. The last thing the Club needs at this critical stage is major upheavals or disruption. This is in no ones interest, least of all the players and the fans.

Shareholders have recently received a letter from the Club regarding the £10 million loan the Club received from Amulya Property Limited. The letter informs them that the Club is seeking an agreement for the deadline by which the loan has to be paid to be extended until May 2011.

Loftus Road continues to be used as collateral for the loan. In other words if  the Club continues to default on the loan, ownership of the ground could pass from the Club to Amulya, a company which it is understood both Flavio Briatore and Amit Bhatia have an interest.

In the meanwhile,  a statement has been released by Antonio Caliendo’s press office, stating that he has instructed his lawyers to determine whether there are grounds for the seizure of the Club’s assets held by Mr Flavio Briatore (through the company Sarita Capital Investment Inc) in order to pay back the money Caliendo claims is still owing to him. According to a statement issued at the time of the takeover, it was agreed that a loan of £2 million would be paid to Caliendo by next month.

QPR’s Supporters Trust believes that the shareholders of QPR Holdings Ltd will have various questions about these developments and would wish to seek reassurance that the Club’s ownership of Loftus Road will be protected. We will be writing to the Club to express this view.

With the Club reaping the rewards of financial and managerial stability, the Supporters Trust are pleased that Bernie Ecclestone has stated that he does not intend to implement significant changes at the current time beyond ‘just tidying a few things up’ in preparation for possible promotion!