Members of QPR 1st’s Committee attended a meeting with QPR’s board before Saturday’s game with Plymouth.
A full report will appear shortly, but here are a few of the main
points raised during the meeting.
Responding to QPR 1st’s questions about the current financial
state of the club, the board stated that they were currently unable to discuss any specifics at present. This is because they are in the middle of delicate negotiations’ with an interested party. These discussions are expected to be completed within the next two weeks, after which the board stated that they will be in a position to talk more openly. The board are genuinely hopeful that they have found someone who is serious about investing in the club.
Assurances were given to QPR1st that if the financial situation got particularly bad before investment could be confirmed, the current board would dig into their own pockets if necessary to keep the club going for this season.
A discussion took place about ways to improve the financial
situation at the club and what was the root cause of so many
potential investors failing to complete. Schemes such as the club lottery and the Hoops Fund were discussed and ideas for how to develop these were put forward.
David Davies also reported that an agreement had been reached with Vic Gibbons over the awarded legal costs that both parties had accepted, Vic will be working with the club on initiatives such as the forthcoming lottery.