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Saturday, March 12, 2011

Now It's Dunga Vs QPR...Flashback to Dunga's QPR Involvement


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Telegraph/Rory Smith

Dunga threatens Queens Park Rangers with legal action in dispute over £750k loan

Dunga, the former Brazil manager, is threatening legal action against Queens Park Rangers over £750,000 of loans he claims he is owed.

The Championship-leading side were last week charged with seven breaches of FA regulations over the £3.5 million transfer in 2009 of Alejandro FaurlĂ­n from the Argentine side Instituto after voluntarily alerting the Football League to a potential violation of third-party ownership rules .

Now Dunga, manager of Brazil in last summer’s World Cup, has added to the club’s concerns by instructing his legal team to institute proceedings against QPR Holdings, the company which owns the club, in an attempt to recover two loans – one of £250,000 and another of £500,000 – made four years ago, while he was a director at Loftus Road.

Under the terms of the loans – which accrued annual interest at 7.5 per cent and are due this month – Dunga claims he is now owed almost £1.1 million.

Withers, acting for QPR Holdings, acknowledges that its client admits receipt of loans to that value but that it cannot ascertain the source of those funds.

Even if it is proven that Dunga did contribute the loan, Withers argues, his right to the return of the money was waived when Antonio Caliendo, the club’s former majority shareholder, agreed to the takeover deal which led to the 2007 arrival of Flavio Briatore, Bernie Ecclestone and Lakshmi Mittal at Loftus Road.

They say Caliendo signed a power of attorney permitting Eric Steele, QPR Holdings’ lawyer, power of attorney to act on his behalf and that Dunga’s dispute, if anything, should be with Caliendo. The Italian super-agent, however, insists he did not authorise Steele to accept such a proposal.

Caliendo last year wrote to the FA requesting an investigation into whether Briatore’s and Ecclestone’s takeover was conducted in a “proper, legal and transparent manner”.

It is believed he this week wrote to QPR once again demanding £2 million he believes he is still owed. Telegraph

See Also: Flashback to Dunga and QPR - Including his part in the 205 "Boardroom Coup"


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