QPR 1st welcomes the club’s emergence from administration, along with David Davies’ ackowledgement of the crucial role that the fans have played in bringing QPR back from the brink. QPR1st recognises the hard work that senior management at the club have put into securing this deal, although it has more than a few qualms at the award of a life presidency to Chris Wright and considers that a full write-off of what is owed to him might have been more deserving of such an honour.
However, QPR 1st remains concerned that the details of the loan which underwrites the club’s refinancing have not been released, along with an explanation of how payments will be made. David Davies has pledged that the new regime will be one of openness and transparency and QPR 1st sees the way he approaches the release of information about the club’s finances as a key test of this resolve. QPR1st is also keen to discover what arrangements, if any, have been made to address small shareholders’ interests, along with fan representation on the board.
In the meantime, QPR 1st aims to fulfil the role that it was sanctioned to perform when founded in April 2001. Impressed as we are with the tight ship that has been run since Rangers went into administration, we will continue to pursue the interests of our members by seeking information on the way that the club is being run financially. This means we will be asking for regular reports on QPR’s financial position. We will also be canvassing our members for their views on the club’s various operations and we will be lobbying the club on areas which members tell us need improving. We are already seeking a meeting with the club for this purpose.
In the meantime, QPR 1st extends its congratulations to the management of the club in having at last secured the deal and it looks forward to working towards the same goal of securing the maximum success for QPR.