Wednesday, 15 August 2007

Bill Power speaks

Former QPR Chairman Bill Power has given his thoughts on the latest
goings on at Loftus Road by posting on popular QPR Forum, Independent
R's, found here:

http://www.indyrs.co.uk/messageboard/viewtopic.php?t=2045

Below is a transcript of what he wrote. (nb - this was written after
the QPR official site posted a note saying the club is NOT for sale).

"ok

The glib curt statement on the offish site seems to have some lines
missing. Because it was for sale for the last month.

GP has been to see me several times each month. More, very kindly, to
discuss my health rather than that of our club.

During those get togethers' it became obvious that new money and
impetus was needed.

I spoke to some friends [all qpr] who said they were willing to buy
out AC at the price he bought in at. To be honest against my advice
which was to argue the shares were not worth what he had paid, but....

A plan was put in action by them. ABC would have been gone and sort
out what was needed to repay any loans AC had outstanding which would
have meant he waited for several years to be repaid in full but would
receive 2.5mill up front and monthly payments, heaven forbid we got to
the promised land and he would receive whatever was then o/s and a
bonus to show gratitude for helping our club. In principle I believed
the deal was done, everyone will be glad to know it did not involve me
returning as anything other than in an honorary position.

Before the Celtic game I met Gianni to shake on the deal, but found
that another option had risen and to make this absolutely clear.
Gianni said he was willing still to accept the offer I had proposed if
I insisted.

He gave me the briefest details of another offer, that we both agreed
he need expand no more to me on.

For the good of our club it was obvious that no one needed to look any
further. FULL STOP. I was happy to wish Gianni and his other bid every
possible success. My group disbanded and went on to something else and
I sat back then and began to dream.

From my limited knowledge of the clubs finances we will either go into
administration by the end of the month or we will survive because
someone..

A. puts in a minimum 5 million immediately.

or

B. gambles the survival of our club in the belief that they can sweet
talk several football clubs and the tax man to wait for installments
of the installments we have as a club been offering installments offor
years!!!.

I don't doubt prominent 'QPR' people will ask, what do I know and why
didn't i do things differently. I wonder if anyone will see the irony
of those comments when they come from whoever.

If anyone thinks this is not the 59th minute of the 11th hour let me
warn, this is not Fulham P.R. again or some kind of MK Rs it will be
the end of our club.

I hate writing this because I am aware this sort of statement does
nothing to help the side so would ask that no matter what happens over
the next few days you show 100% support to John Gregory and the team
and by all means vent your anger at me for not achieving more and in
as constructive a way as is possible at this time anyone else you feel
is or has let the club down.

To the the people who think they have a better plan than the takeover
we so nearly had prior to the statement last night come out and tell
us about it.

Tell us you are paying off ABC.

Tell us you are paying off other football clubs.

Tell us you are paying off the taxman.

Tell us our club is debt free.

Tell us about your plans to improve the ground.

There is no need to be coy, the club is not for sale. You will not be
giving away trade secrets that anyone else can use against us. You
will just be confirming you can pay our debts and improve our club.
Think how happy we will all be to hear that.

Bill"

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