Sunday, April 23, 2006
2004: Paladini/Moorbound Investing in QPR
FROM DAVE'S QUEENS PARK RANGERS FC SITE - MAY 2004
Moorbound Ltd Buy 22% of QPR Holdings
http://www.queensparkrangersfc.com/newsnow/may04.htm
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QPR have announced that Moorbound Ltd have bought 22% of the PLC's issued shares giving the club a much needed cash injection of around £650,000. The deal sees Azeem Malik and Gianni Paladini join the board at QPR. Gianni Paladini is a former agent who represented many of the foreign stars who joined Middlesborough in the 1990's. Ravenelli, Juninio and Emerson were all on Paldini's books but he is now no longer a football agent after investing his money into QPR. Chief Executive David Davies was delighted with the investment and told www.qpr.co.uk " "Moorbound were hoping to retain some confidentiality until the end of the season, but following speculation in the press, the Board have decided to confirm the investment."They have taken a substantial stake in the business and with Gianni's experience in football, it should be a great aid to us."They bring skills to the table and Nick, Ian and I are looking forward to working with them."Gianni Paladini has the option to buy up to 51% of the shares if no new investment is forthcoming which would make his move a take-over and a little more concerning to QPR fans. Paldini attempted to take over Port vale earlier this season but fans grew nervous of the agents plans and were very pleased when his bid failed. Port Vale fan Mark posted on this website a few weeks ago warning of paldinis intentions. He said; "He (Paldini) promised to bring Fabrizio Ravenelli to Vale Park, much as he is now promising to take Carbone to Loftus Road for QPR. He also repeatedly reduced the ammount he claims to want invest initially in the club. He was part of a consortium to send us to a new stadium and sell Vale Park to a property developer (part of the consortium!). " "The Vice Chairman was on his side but the fans didn't trust him, with good reason, as he wanted to take ythe club to sole ownership and away from its fan-owned status. Like you with Chris Wright, we had a bad time with our former Owner Bill Bell who during his time consiered moving us in with Stoke, or even a merger, just like QPR with Wimbledon a couiple of years ago. So we know the perils of sole ownership. Paladini changed his story so much we knew he had vested interests and he promised the earth with a view to making a killing on our ground in a scam with his wealthy friends." "Fortunately the majority of the board backed the fans and told him where to go, instead attracting a local entrepreneur to buy a load of shares. I know investors aren't banging to door down at QPR but it would be a black day in the club's history if they took Paladini and his pals on. Don't listen to him, he's less trustowrthy than both Wright and they guy who owned QPR before (Richard something wasn't it?). At least they had the credentials of being successful businessmen - Paladini is a football agent. Sly, devious, underhand are his middle names.""Go to www.onevalefan.co.uk and ask the fans there for more details. Be warned and take care."The QPR supporters Trust QPR 1st have given Paldini a cautious welcome to the club. A statement on the QPR 1st website said: "QPR1st gives a cautious welcome to the investment made by Moorbound Ltd, a company of former-football agent Gianni Paladini. We are pleased to see that the Club Board has at last succeeded in attracting inward investment to QPR, but there are a number of questions that we would like to see addressed, primarily to do with the deal itself and with the business credentials of Mr Paladini and his team.In particular, we are keen to know roughly how much has been invested to secure 22% of QPR shares and what further investment plans Mr Paladini's company has. These questions alone have become pressing, since Mr Paladini's emergence as a bidder has generated substantial rumour, which QPR1st does not believe is good for either the Club or its support.Also, should Mr Paladini's company exercise its option, as a part of this agreement, to extend the 22% to 51%, it would make this deal the beginning of an effective takeover rather than an 'investment', although QPR confirms that the Board is at the advanced stages of negotiations with other interested parties.Given the potential that Mr Paladini could shortly have control of QPR, we call on the Board to explain what checks of Mr Paladini's business credentials and background have been done (we understand from QPR chief executive David Davies that every test so far put in front of Mr Paladini has been met on time). Meanwhile, we are seeking talks with Mr Paladini, to establish exactly what his company's involvement will mean for QPR." Despite one or two doubts about the new investor it is good to see the club attracting some money at last and hopefully this will turn out to be an excellent move for the club and hewlp take us forward.
http://www.queensparkrangersfc.com/newsnow/may04.htm
Moorbound Ltd Buy 22% of QPR Holdings
http://www.queensparkrangersfc.com/newsnow/may04.htm
-
QPR have announced that Moorbound Ltd have bought 22% of the PLC's issued shares giving the club a much needed cash injection of around £650,000. The deal sees Azeem Malik and Gianni Paladini join the board at QPR. Gianni Paladini is a former agent who represented many of the foreign stars who joined Middlesborough in the 1990's. Ravenelli, Juninio and Emerson were all on Paldini's books but he is now no longer a football agent after investing his money into QPR. Chief Executive David Davies was delighted with the investment and told www.qpr.co.uk " "Moorbound were hoping to retain some confidentiality until the end of the season, but following speculation in the press, the Board have decided to confirm the investment."They have taken a substantial stake in the business and with Gianni's experience in football, it should be a great aid to us."They bring skills to the table and Nick, Ian and I are looking forward to working with them."Gianni Paladini has the option to buy up to 51% of the shares if no new investment is forthcoming which would make his move a take-over and a little more concerning to QPR fans. Paldini attempted to take over Port vale earlier this season but fans grew nervous of the agents plans and were very pleased when his bid failed. Port Vale fan Mark posted on this website a few weeks ago warning of paldinis intentions. He said; "He (Paldini) promised to bring Fabrizio Ravenelli to Vale Park, much as he is now promising to take Carbone to Loftus Road for QPR. He also repeatedly reduced the ammount he claims to want invest initially in the club. He was part of a consortium to send us to a new stadium and sell Vale Park to a property developer (part of the consortium!). " "The Vice Chairman was on his side but the fans didn't trust him, with good reason, as he wanted to take ythe club to sole ownership and away from its fan-owned status. Like you with Chris Wright, we had a bad time with our former Owner Bill Bell who during his time consiered moving us in with Stoke, or even a merger, just like QPR with Wimbledon a couiple of years ago. So we know the perils of sole ownership. Paladini changed his story so much we knew he had vested interests and he promised the earth with a view to making a killing on our ground in a scam with his wealthy friends." "Fortunately the majority of the board backed the fans and told him where to go, instead attracting a local entrepreneur to buy a load of shares. I know investors aren't banging to door down at QPR but it would be a black day in the club's history if they took Paladini and his pals on. Don't listen to him, he's less trustowrthy than both Wright and they guy who owned QPR before (Richard something wasn't it?). At least they had the credentials of being successful businessmen - Paladini is a football agent. Sly, devious, underhand are his middle names.""Go to www.onevalefan.co.uk and ask the fans there for more details. Be warned and take care."The QPR supporters Trust QPR 1st have given Paldini a cautious welcome to the club. A statement on the QPR 1st website said: "QPR1st gives a cautious welcome to the investment made by Moorbound Ltd, a company of former-football agent Gianni Paladini. We are pleased to see that the Club Board has at last succeeded in attracting inward investment to QPR, but there are a number of questions that we would like to see addressed, primarily to do with the deal itself and with the business credentials of Mr Paladini and his team.In particular, we are keen to know roughly how much has been invested to secure 22% of QPR shares and what further investment plans Mr Paladini's company has. These questions alone have become pressing, since Mr Paladini's emergence as a bidder has generated substantial rumour, which QPR1st does not believe is good for either the Club or its support.Also, should Mr Paladini's company exercise its option, as a part of this agreement, to extend the 22% to 51%, it would make this deal the beginning of an effective takeover rather than an 'investment', although QPR confirms that the Board is at the advanced stages of negotiations with other interested parties.Given the potential that Mr Paladini could shortly have control of QPR, we call on the Board to explain what checks of Mr Paladini's business credentials and background have been done (we understand from QPR chief executive David Davies that every test so far put in front of Mr Paladini has been met on time). Meanwhile, we are seeking talks with Mr Paladini, to establish exactly what his company's involvement will mean for QPR." Despite one or two doubts about the new investor it is good to see the club attracting some money at last and hopefully this will turn out to be an excellent move for the club and hewlp take us forward.
http://www.queensparkrangersfc.com/newsnow/may04.htm
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