QPR Board Changes Now in The Media

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Thus far, basically just quoting what the QPR statement on the QPR official Site said.

TIMES ONLINE August 20, 2007
QPR board resigns ahead of takeover
Times Online and Agencies

The board of directors at Queens Park Rangers have resigned from their posts with immediate effect ahead of potential new investment in the club.
Flavio Briatore, the Renault Formula One team boss, has been widely tipped to complete a £22 million takeover at Loftus Road this week.
The outgoing board members of QPR Holdings Ltd Nick De Marco, James Ferrary and Kevin Steele issued a statement saying: "We believe the new investment coming into the club will be the most important for years. It will save QPR from the perilous financial position we have found ourselves in and should put the club in an excellent position to move forward.
"We would like to thank Gianni Paladini in particular for attracting this important new investment and we are delighted he will stay on as chairman of the club.
The Times

PA Sports - BOARD RESIGN AT QPR

The board of directors of QPR Holdings Ltd have resigned from their posts with immediate effect ahead of potential new investment.
Renault Formula One team boss Flavio Briatore has been widely tipped to complete a £22million takeover of the Championship club this week. And ahead of the expected announcement, outgoing board members Nick De Marco, James Ferrary and Kevin Steele issued a statement on the club´s official website.
"We believe the new investment coming into the club will be the most important for years. It will save QPR from the perilous financial position we have found ourselves in and should put the club in an excellent position to move forward," read the statement. PA Sports

BBC - QPR move step closer to takeover

Briatore may be set to be part of the QPR takeover
QPR's board of directors have resigned ahead of an expected takeover by a group that includes Renault Formula One team boss Flavio Briatore.
It comes after major shareholder Antonio Caliendo and his backers agreed to sell their stake in the club.

Gianni Paladini will stay on as chairman, but James Steele, Nick De Marco and James Ferrary are leaving.

"The new investment will be the most important for years," said a statement from the trio of ex-board members.

The statement continued: "It will save QPR from the perilous financial position we have found ourselves in and should put the club in an excellent position to move forward.

"We would like to thank Gianni Paladini in particular for attracting this important new investment and we are delighted he will stay on as chairman of the club.

"We are certain the new investors and the new board will get behind manager John Gregory and give him the support he needs." BBC