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Sunday, June 15, 2008

Ex-QPR Holdings Chairman Antonio Caliendo - A Brief Look Back

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Earlier last week, former QPR Holdings Chairman, Antonio Caliendo reportedly again claimed that he had not yet been been fully paid re his sale of QPR. - Ex-QPR Chairman Again Claims Has Yet to Be Paid. He was repeating what he had reportedly declared earlier: May 2: Ex-QPR Holdings Chairman, Antonio Caliendo Again Speaking ---- March 25: More re QPR From Ex-QPR Holdings Chairman, Antonio Caliendo - Who Has a Blog ---- March 22: 2008 - Former QPR Holdings Chairman, Antonio Caliendo Speaking - re QPR Payment.

Just for the record: Below is what was announced last year at the time of the sale of the club.
Caliendo joined QPR in the aftermath of Gianni Paladini buying into the club, first in an unofficial capacity, and then a short time after Paldini became QPR Chairman, as Chairman of QPR Holdings. Since departing QPR almost a year ago, Caliendo has continued to head the World Championship Club which also runs the prestigeous Golden Foot Awards .


CLUB TAKEOVER STATEMENT - REFERENCE RE CALIENDO

September 1, 2007: The QPR Takeover Statement
"...5. Intentions with respect to Directors' and Shareholder Loans
In relation to the certain loans made to the Club by Mr Caliendo for, in total, £6,581,328, Mr Caliendo has entered into an agreement whereby £4,581,328 will be waived for nil consideration. Accordingly Mr Caliendo has outstanding a debt in the Company of £2.0 million. The Caliendo Loan is redeemable at any date before March 2011 at the option of QPR, and Mr Caliendo may not demand repayment of any amount of the loan until March 2011. The Caliendo Loan carries no interest.
ARM Corporate Finance Limited believe the repayment of the Caliendo Loan on the terms described above is fair and reasonable so far as other QPR Shareholders are concerned....

APPENDIX 4 - DEFINITIONS
... Caliendo Loan the loan in the aggregate amount of £6,581,328 made by Antonio Caliendo, a QPR Director, to the Company as evidenced by a loan agreement dated 30 August 2007."

Bernie Ecclestone's February 2008 Comment - "...Likewise, debts to Antonio Caliendo, a former director and major shareholder, reportedly owed £2 million after the takeover. “We’re finalising the balance sheet with Mr Caliendo in order that we can clarify what is owed to him,” Ecclestone says. “When this is completed he will be paid immediately.” - February 11, 2008 - Alex Wade/The Times - QPR's Financial Situation Under its New Owners: Bernie Ecclestone's Perspective


- October 19, 2007 Takeover Snippet

Some Previous Official Statements by Antonio Caliendo

- August 14, 2007 QPR Holdings Chairman, Antonio Caliendo "The Club Is Not For Sale"

- July 27, 2006: "QPR Holding Chairman, Antonio Caliendo Statement re QPR Finances Post-Dunga"

From a couple of years ago: Dave McIntyre/Ealing Gazette - "Caliendo Steps Out of the Shadows"


Also: Some Past QPR Report-Caliendo References

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