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Sunday, July 01, 2007

Order Rescinded? No Further Mention of QPR's Winding up order

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Just over three weeks ago, the club's Director/Legal Advisor sent out an email to Fan Group "representatives" re QPR's financial difficulties, a supposed "winding up" order dues to unpaid taxes and a supposed a July 4th hearing. The email was followed up a few days later, by a news report which included quotes by QPR Chairman Gianni Paladini. And a statement by the Fan Trust Group, QPR1st: - Statement

At the club's mid-June Annual General Meeting (AGM), there was brief mention made by Club Director, Kevin Steele. According to reports of the AGM (see below), Steele, said they were negotiating with the tax authorities; a payment would be made as soon as the following week (which is now a couple of weeks ago) and that the Winding up order would be rescinded.

Since that email, press report and the June 15 AGM (brief reports below), there has no been further published reports about whether the hearing is now cancelled.

June 10 - Skysports - Paladini soothes QPR fears
By Mark Buckingham - Created on 10 Jun 2007
Gianni Paladini has moved to reassure Queens Park Rangers fans that the club's future is not under threat.
The Championship side have been served with a winding-up order by Customs and Excise in relation to unpaid VAT.
The figure owed is reportedly in the region of £700,000 to £800,000 and there is a court hearing planned for 4th July.
But QPR chairman Paladini is confident the issue will be resolved and is adamant that the club will not be going under.
"We are in negotiations and I am not just confident, but I'm certain the matter will be sorted out before the case is due to be heard," Paladini told the Sunday Mirror.
"The problem is that some of the money being claimed goes back five or six years, before I was involved with the club.
"But if any supporters are concerned about the club's future they should not be.
"The situation is under control and I do not consider it to be serious." Skysports

ANNUAL GENERAL MEETING REPORTS RE "WINDING UP ORDER"

INDY R's REPORT
"[Director Kevin Steele] went on to explain that the winding up order was for historical VAT and that a payment would be made next week ... The Club are taking specialist advice and are reserving the right to seek repayment from the Inland Revenue..." Indyrs

TRACY STENT QPR 1st AGM Report
"...[Kevin Steele] mentioned the Inland Revenue, and the application they had made for a winding order for unpaid tax/s and that the club had hired specialist advisors to look into this for them. He went on to say how they are confident of reaching an agreement with the IR next week in either paying off some/and/or all of the amount but that they reserve the right to speak to them/challenge them about overpayments....." QPR1st's Tracy Stent Report

QPR Rivals Clive Whittingham
"The club is confident of reaching an agreement as soon as next week with the Inland Revenue....subsequent winding up order which would then be cancelled....Rivals

Full Report of the AGMs
QPR1st's Tracy Stent Report
QPR Rivals' Clive Whittingham Report
Indypendent Rs Report
Ben Kosky/Kilburn Times

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