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November 3, 2005 - QPR Official Statement BARNABY HOLDINGS
Barnaby Holdings have increased their shareholding in Queens Park Rangers.
The consortium, which already enjoyed a 10% stake in the Club, have purchased the shareholding of former Chairman Bill Power for a sum in the region of £1.1million.
This now takes their overall stake in the Club to 27.8%.
QPR Chairman Gianni Paladini is delighted with the news and believes it underlines Barnaby's commitment to the Club.
"Barnaby are investing in both the short and long term future of Queens Park Rangers and I am very pleased to know that they share my optimism about the prospects for this great club.
"I would also like to personally thank Bill Power for everything he has done and although he is no longer financially involved, he will always be a big part of the club and someone I will always love and respect."
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