From the official site:
BOARD CHANGES
Posted on: Mon 20 Aug 2007
The Board of Directors of QPR Holdings Ltd have tendered their
resignations with immediate effect ahead of potential new investment.
Speaking to www.qpr.co.uk earlier today, out-going Board members Nick
De Marco, James Ferrary and Kevin Steele issued the following
statement.
"We are delighted to be able to tender our resignations from the Board
of Queens Park Rangers Football Club in order to assist in the changes
set to take place this week.
We believe the new investment coming into the Club will be the most
important for years; will save QPR from the perilous financial
position we have found ourselves in over the past years; and should
put the Club in an excellent position to move forward.
We would like to thank Gianni Paladini in particular for attracting
this important new investment and we are delighted he will stay on as
Chairman of the Club. Gianni has had a difficult job keeping the Club
going but he has pulled off a master-stroke in bringing in this new
investment.
We are also deeply grateful to Antonio Caliendo and Franco Zanotti for
both financing the Club over the past years and for the terms upon
which they have agreed to assist with the new investment.
We are certain the new investors and the new board will get behind
John Gregory and give him the support he needs. We are also positive
that the fans can get behind a new board and continue in their loyal
and unrivalled support for the team.
It has been an honour for all of us to serve this great Club, and we
are grateful to all the staff and supporters we have had the pleasure
to work with."
*The Club will be making no further comment at this stage.
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