Statement regarding proposed sale of Loftus Road

In respect of the proposed sale of Loftus Road plc, QPR 1st make the following statement:

“Over the past 24 hours, QPR 1st has learned that there are currently three seriously interested parties bidding for Loftus Road plc. They are a city consortium led by Brian Melzack, another consortium led by Lord Razzall, and the Milton Keynes Stadium Consortium. Each party is currently in negotiations with Chris Wright and the administrator.

It is QPR 1st policy to talk with potential new owners and encourage them to consult with the fans and be entirely open about their plans for QPR. We have stated that representatives from QPR 1st will make themselves available anywhere, any time should an interested party choose to make public their intentions through the supporters trust.

In line with this, QPR 1st representatives met last night with Brian Melzack and three members of his consortium. They explained their current status and confirmed that they are yet to finalise plans and funding regarding a bid. Their proposals may include a move to a new stadium in the future, although details were not tabled. The consortium will provide further details when their offer is finalised.

Tonight, QPR 1st received a telephone call from Pete Winkleman, leader of the Milton Keynes Stadium Consortium, in which he outlined details of the proposed purchase and relocation of QPR to Milton Keynes for the start of next season.

As QPR 1st is committed to Queens Park Rangers Football Club being maintained in its current form and continuing to be based in the local area, a policy that is supported by local politicians, the Shepherds Bush business community, and most importantly by the overwhelming majority of QPR fans, we will meet with the Milton Keynes Stadium Consortium at the earliest opportunity.

QPR 1st has had no formal contact with the Lord Razzall consortium, and invite them to open talks with us.”

If you have any queries to make in relation to QPR 1st, please email them to: info@qpr1st.co.uk