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Sunday, July 29, 2007

QPR chief Paladini to sell up

Sunday Mirror QPR chief Paladini to sell up
EXCLUSIVE By Paul Smith 29/07/2007

Gianni Paladini's troubled reign as QPR owner is set to come to an end this week.
The former football agent has agreed a £5million takeover at Loftus Road - just as Rangers have been hit by Football League sanctions.
Paladini said last night: "I've agreed in principle to sell the club. I'm selling the vast majority of my shares but I will be retaining a position at the club. The deal has not been signed off yet but I expect it to go through next week."
League bosses have withheld central funds from the club and placed a transfer embargo on Rangers, who have announced several recent deals.
Rangers must re-pay the entire £500,000 loan they received from Oldham Athletic which breached League regulations. Paladini insists the outstanding £300,000 from this loan will be repaid this week. Sunday Mirror

Sky Sports just reporting/repeating what was in the Sunday Mirror story - Sky Report

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