Lord Mawhinney today warned Queens Park Rangers to repay their
outstanding debt to Oldham chairman Simon Blitz or start the season
without four of their new signings.
The Football League chairman says a transfer embargo applied to
Rangers over the £500,000 loan means July recruits Simon Walton, Lee
Camp, Michael Mancienne and Ben Sahar are not registered to play for
the club.
QPR chairman Gianni Paladini borrowed the cash from Blitz earlier in
the year without realising that the deal broke a league rule which
forbids directors from investing in more than one club.
When details of the loan emerged in May, QPR promised to repay the
money but three months later part of the debt - understood to be
around £300,000 - has still not been repaid. At their latest meeting
two weeks' ago, the League's board imposed a transfer embargo on QPR
and held back around £1million in funding.
But the embargo did not stop QPR announcing a £200,000 deal for Walton
from Charlton and a £300,000 move for Camp from Derby last week. The
club also confirmed the loan signings of Mancienne and Sahar from
Chelsea.
Although they have appeared in pre-season friendlies, Mawhinney
confirmed that none of the quartet will be eligible for Championship
matches until the loan is repaid.
QPR's first game is at Bristol City a week tomorrow. Mawhinney said:
"There is a financial issue relating to QPR which needs to be
resolved. Therefore, we have said that restrictions will be applied to
the club's transactions.
"As soon as the financial issue has been resolved it will be back to
normal. I understand promises have been made. I assume it will be
resolved very soon but we've been waiting for quite a long time."
Paladini has insisted Blitz's money will be repaid this week. He also
revealed today QPR have an agreement with Chelsea to sign three young
players every year on loan.
He added: "They don't tell us which players. It's the ones manager
John Gregory wants."
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