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Post by QPR Report on Feb 10, 2010 7:26:39 GMT
[Edit: And to link together- The Takeover/Sale Link qprreport.proboards.com/index.cgi?board=general&action=display&thread=10803Telegraph FA asked to investigate QPR sale to Flavio Briatore The Football Association has been asked to investigate the circumstances of Flavio Briatore’s takeover of Queens Park Rangers by Antonio Caliendo, the club’s former majority shareholder bought out by the Formula One tycoon. By Rory Smith Published: 7:00AM GMT 10 Feb 2010 Legal action: Flavio Briatore bought QPR from Antonio Caliendo togther with Bernie Ecclestone Photo: PA Caliendo has written to Lord Triesman, the FA chairman, to ask him to “investigate whether the transfer [of Caliendo’s shareholding] was done in a proper, legal and transparent manner.” Briatore bought the club together with Bernie Ecclestone, from a consortium, including Caliendo, in Aug 2007. Caliendo, though, is believed to be unhappy with the deal struck on his behalf and has also instructed litigation specialists Charles Fussell & Co, and noted QC Steven Gee, to institute proceedings over the sale. His solicitors sent a 12-page document to Mishcon de Reya, the club’s lawyers at the time of the takeover, detailing the Italian’s grievances. It is believed the matter is now in the hands of Mishcon’s professional indemnity insurers, who have three months to respond under the terms of the Professional Negligence Pre-Action Protocol. It is believed Briatore plans to sell QPR should they fail to qualify for the Premier League, though that sale may be complicated by the legal action and any FA probe. www.telegraph.co.uk/sport/football/leagues/championship/queensparkrangers/7200368/FA-asked-to-investigate-QPR-sale-to-Flavio-Briatore.html |
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Post by QPR Report on Feb 10, 2010 8:42:09 GMT
And if they do investigate, will they also investigate how the deal was done, and who was involved. Hmmm!
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Post by moriarty on Feb 10, 2010 9:22:22 GMT
This could really open up a large can of worms, who was the lawyer at Mishcon?, and how is he doing now?
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Post by QPR Report on Feb 10, 2010 9:23:24 GMT
Well if you google, you certainly find a couple of interesting things. But have no idea.
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Post by The Scooter on Feb 10, 2010 10:15:22 GMT
I believe a couple of transfers have already been brought to the the attention of the Football League. Mr Mawhinney is rumoured to be exceptionally interested in any QPR developments. It seems some at the club may have put some influential noses out of joint in the past.
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Post by Markqpr on Feb 10, 2010 10:32:44 GMT
I believe a couple of transfers have already been brought to the the attention of the Football League. Mr Mawhinney is rumoured to be exceptionally interested in any QPR developments. It seems some at the club may have put some influential noses out of joint in the past. Do you know how far back those transfers go? Do you think they are investigating just the last 2/3 or is it a case of peeling back the surface only to reveal something much worse? I've been told that a journalist thinks that if the truth comes out in it's entirety we will be sent down 5 divisions. Do you think it's a bad as that? |
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Post by superckat on Feb 10, 2010 10:46:16 GMT
I believe a couple of transfers have already been brought to the the attention of the Football League. Mr Mawhinney is rumoured to be exceptionally interested in any QPR developments. It seems some at the club may have put some influential noses out of joint in the past. Do you know how far back those transfers go? Do you think they are investigating just the last 2/3 or is it a case of peeling back the surface only to reveal something much worse? I've been told that a journalist thinks that if the truth comes out in it's entirety we will be sent down 5 divisions. Do you think it's a bad as that? Holy Sh*t!!! |
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Post by The Scooter on Feb 10, 2010 10:46:48 GMT
I believe a couple of transfers have already been brought to the the attention of the Football League. Mr Mawhinney is rumoured to be exceptionally interested in any QPR developments. It seems some at the club may have put some influential noses out of joint in the past. Do you know how far back those transfers go? Do you think they are investigating just the last 2/3 or is it a case of peeling back the surface only to reveal something much worse?I've been told that a journalist thinks that if the truth comes out in it's entirety we will be sent down 5 divisions. Do you think it's a bad as that? I understand it's two in particular from last season but will look at any other loose ends or worms will then come under the microscope. Under FL rules, we can't be relegated that number of divisions. Luton was a unique case as it was second (or third - I can never remember!) administration under the new rules and then dupliticious dealing by the owners. They had points deducted, not forcibly relegated (you can argue they are one and the same but the pedants at the League would deny). I would assume that we'd be hung out to dry. |
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Post by Markqpr on Feb 10, 2010 11:16:17 GMT
Under FL rules, we can't be relegated that number of divisions. Luton was a unique case as it was second (or third - I can never remember!) administration under the new rules and then dupliticious dealing by the owners. They had points deducted, not forcibly relegated (you can argue they are one and the same but the pedants at the League would deny). I would assume that we'd be hung out to dry. Safe Nodge. Yeah, I know the above. I did say it came second hand from a journalist! Always exaggerating, trying to sell you their story! And rereading it in a straight voice in my head does give the impression I believe it! Damn messageboards! (Sorry for the scare Superckat!  ) But it certainly scares me, as does Pallidini and the entire board since the takeover as to how big the ramifications will be, as along with our debt I'm trying to guage the damage from the fall out once all this comes to the surface. Forget what you know, how bad do you think it is? Worst case scenario for me would be to start next season bottom of league 1 on minus points. As long as we have our club back and it's all over as far as the present owners and board are concerned, that will be painful but won't kill us. |
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Post by QPR Report on Feb 10, 2010 11:17:39 GMT
We did have the assertion a few weeks ago regarding the transfer of a certain winger from another London club.
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Post by klr on Feb 10, 2010 11:30:05 GMT
We did have the assertion a few weeks ago regarding the transfer of a certain winger from another London club. I've heard of that one, that one is relatively common knowledge. I've heard of another one involving a defender from a club where allegations have been made against a previous chairmans conduct & is currently being investigated, player in question played last night. I would take a 10 point deduction & relegation now, sell what we can sell, Arrivederci Paladini & Briatore and start all over in League 1 next season, thats an ideal scenario for me, we are in big big trouble. |
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Post by FloridaR on Feb 10, 2010 11:30:53 GMT
I'd love to see full transparency of ABC Corporation limited - would be nice to see who were the registered owners prior to the takeover, during & after the loan
was alledgedly converted into another entity by the new owners aka briatore.
Obviously this another subject in the takeover but we all knew the club / old owners/Caliendo were struggling with money/ time constraints and had tp stop the ABC corporation taking the ground from QPR Holdings.
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Post by The Scooter on Feb 10, 2010 11:32:17 GMT
To be honest, I would have thought we will feasibly end up with an exact replica of the Chris Wright scenario.
Funding stops - club can't pay debts/wages - enter administration - "friendly" administrator appointed to get best deal for Briatore/Paladini (BE and LM's stake and exposure is minimal) and I'd assume a similar £1 in the £1 as Wright ripped us off for.
My real concern is the ground and the Sarita loans. FB has the sword of Damocles over us with this if he ever wants his cash back. Worse case scenario would be relegation, 10 point deduction to start League 1 (with potential further point deductions for financial irregularities) and playing at either Craven Cottage or Griffin Park. We need to enter admin by 1 March to get the points penalty this season. Anything later and the points penalty is applied next season.
The, surprising, white knight, could be the dirt that one Antoinio Caliendo digs up........
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Post by eastpaddoknutta on Feb 10, 2010 11:35:05 GMT
We did have the assertion a few weeks ago regarding the transfer of a certain winger from another London club. ##whos that please elaborate mike |
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Post by FloridaR on Feb 10, 2010 11:40:29 GMT
My real concern is the ground and the Sarita loans. FB has the sword of Damocles over us with this if he ever wants his cash back. The, surprising, white knight, could be the dirt that one Antoinio Caliendo digs up........ Exactly I wouldn't be suprised if someone was already in contact with abc corporation well before the takeover was even mentioned to QPR Holding - Caliendo & Zanotti. who were the 3 guys that loved football, that were in control of that little hedge ? I'd love to know that  |
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Post by QPR Report on Feb 10, 2010 21:10:14 GMT
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gavqpr77
Neil Warnock
WWW.QPR-DVD-COPY-SHOP.CO.UK
Posts: 556
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Post by gavqpr77 on Feb 10, 2010 21:32:17 GMT
I haven't heard of any of this, is this public knowledge yet??
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Post by QPR Report on Feb 11, 2010 8:32:58 GMT
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Post by QPR Report on Feb 13, 2010 9:07:57 GMT
This was the Telegraph piece in January  |
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Post by QPR Report on Feb 13, 2010 9:08:30 GMT
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Post by blockhead on Feb 13, 2010 9:53:30 GMT
Under FL rules, we can't be relegated that number of divisions. Luton was a unique case as it was second (or third - I can never remember!) administration under the new rules and then dupliticious dealing by the owners. They had points deducted, not forcibly relegated (you can argue they are one and the same but the pedants at the League would deny). I would assume that we'd be hung out to dry. Safe Nodge. Yeah, I know the above. I did say it came second hand from a journalist! Always exaggerating, trying to sell you their story! And rereading it in a straight voice in my head does give the impression I believe it! Damn messageboards! (Sorry for the scare Superckat! ) But it certainly scares me, as does Pallidini and the entire board since the takeover as to how big the ramifications will be, as along with our debt I'm trying to guage the damage from the fall out once all this comes to the surface. Forget what you know, how bad do you think it is? Worst case scenario for me would be to start next season bottom of league 1 on minus points. As long as we have our club back and it's all over as far as the present owners and board are concerned, that will be painful but won't kill us. these things are not decided quickly, they can take a year or so, so if they punish the club it will be on top of any relegation we have in the mean time, so we could net a drop of a couple of divisions  |
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