Post by QPR Report on Jul 9, 2009 9:04:20 GMT
16 Years ago..
As reported at the time by Julia on QPR Net
Rangers News
Wednesday 6th July 2005
by Julia Hill
IAN HOLLOWAY Q&A FROM TODAY'S AGM
The Annual General Meeting for shareholders of QPR Holdings Ltd took place at the club on Wednesday 6 July. Ian Holloway, in relaxed mode, attended the latter part of the meeting and answered questions from supporters after the formal business was over.
Q&A
Q: What can you tell us about the four new signings?
A: All four of them are Premiership quality in my opinion. I’ve brought Simon Royce in because I didn’t feel there was enough competition for the goalkeeper’s shirt. Chris Day has been a great servant to this club – on a par with Steve Palmer – but Royce is better than Day, and Chris should be playing first team football. Royce has earned a lot of money over the years for sitting on the bench. He’s sick of being a sub, and he likes the buzz he gets from the fans at Loftus Road.
I want to move forward with young goalkeepers, none more so than Jake Cole. I’ll be having a good look at him in pre-season and you can expect to see him feature in at least one of the Ibiza friendlies.
Ian Evatt is a big, strong lump of a defender who is so composed on the ball he could play in midfield. This season we need to improve our distribution from defence to attack. Gianni Paladini helped me with this signing and in fact has opened all sorts of doors for me, for example I’ve been able to look at Spanish, Italian and Portuguese players recently thanks to him.
Tommy Doherty is quiet and shy off the pitch, and a pitbull on it. I think some of our players are too nice, but Tommy will dispense justice. When he tackles someone, they stay tackled. Signing Tommy lets me play Kevin Gallen up front.
Stefan Moore gives us something we haven’t had, and that’s the ability to move rapidly onto the ball over the top. He’ll chase paper bags in the wind in the park for you all day long.
I’ll talk about Dean Sturridge as well since we signed him so recently. He had an outstanding season only a couple of years ago but has suffered from hamstring problems that in turn were a result of back problems. Our physio, as he did with Paul Furlong, has had him doing corrective exercises which seem to have done the trick. Yesterday we played a practice match: Gallen scored two, Moore scored one, and Sturridge made two and scored one himself. All three centre forwards looked exceptional. I was also having a look at an Egyptian trialist who isn’t bad.
Q: Can we expect any more signings?
A: I’m still looking for a left back. When Matthew Rose played there he showed me what we were lacking in that position: someone who was tall enough to win headers, and someone who was fast enough to run past Lee Cook who still lacks a little bit of pace. If I sign a left back I can move Rose over to the other side.
Q: How close were we to signing Flo?
A: Very close. We gave him a medical, and he’s the fittest player I’ve ever seen. He would have been an inspiration to the younger players. In the end he decided to go home. He and his family were involved in a big car crash in Italy last year, and his kids are still upset.
Q: What can you tell us about the two young lads we signed from Arsenal?
A: I wanted them for the run-in, but I only found out about their injuries at the eleventh hour before the transfer deadline so I didn’t have time to go and look for anyone else. That said, I’m delighted to have both of them at the club.
Matthew Hislop is 6’ or taller, he’s got a great left foot, and he runs forward like Ashley Cole. As I said, I’m trying to tuck a more senior player into that position to allow Hislop to develop at his own pace.
I’ve never been so excited about a young player as I am about Dominic Shimmin. He’s 17, he’s built like Danny shiteeeeeeeetu and is almost as fast, he can play centre back or right back, and he’s played for England at every youth level. He had a big fall-out with Liam Brady; Wenger liked the look of him, but Brady used to say his attitude was wrong. Dominic was late on his first day of training with us, and after what I said to him it hasn’t happened again. I asked him to report back to pre-season training three weeks earlier than the other players, and he said he wanted to go away on holiday for one of those weeks. We talked it through, and I’ve told him I’ll let him go away later on and he’s happy with that.
Gary Waddock is in charge of a new “reserves development group” which consists of six young players who I want him to help make the step up to the first team. They are Matthew Hislop, Scott Donnelly, Shabazz Baidoo, Stefan Bailey, Jake Cole and Dominic Shimmin. If I can’t bring at least two or three of those forward I might as well go home.
Q: Are you pleased with the new training ground?
A: Yes! There are two or three things that really matter to players, and this is one of them. Twyford Avenue is suffering from a lack of investment, and we get bullied by Wasps there. We’ve gone from seven pitches to three. Chelsea spent a fortune on our new training ground, and we’re inheriting the improvements that they made and making a few tweaks ourselves. The dressing rooms, in fact the whole interior of the building is fantastic, and it’s the best gym we’ve ever had. The surfaces are immaculate, and the players will be really excited to see the new facilities when they get back from Ibiza.
Q: A question about tactics last season: when we were defending long balls, why did we play head tennis and usually end up losing the ball?
A: The balance wasn’t quite right last season. Marcus Bignot isn’t always as tall as he could be, and against Wolves Glenn Hoddle, for all the sophisticated football that his teams are supposed to play, really showed us up when he brought Carl Cort on and got them to lump it forward to him.
Our pressing and closing that got us promoted wasn’t good enough last season at Championship level, and that’s one of the reasons why I’ve strengthened the squad. How did we get a point at Wigan? It was like the Alamo, and at Burnley we were awful. The kids who I had to draft in did brilliantly, but I want them to get into the team on merit and stay there on merit.
Q: Did we try to get Sam Parkin and Richard Langley?
A: We looked at Sam, but couldn’t have afforded the £750k that he eventually moved for. We nearly cut a deal with Cardiff, but I didn’t even want to ask Richard Langley if he wanted to halve his wages.
Many thanks to Julia for the report
www.qprnet.com/misc/ollyq&a.shtml
b]
and QPR1st Report
QPR Holdings Limited AGM report
Friday, 15 July 2005 00:00[/b]
Held at The Blue & White Club on 6 July 2005 at 3.00 pm By Geoff Gibbs The top table consisted of Bill Power (Chairman), Gianni Paladini (Director), Mark Devlin (CEO), Kevin McGrath (Director), Chris Pennington (Company Secretary & Chief Financial Officer), Antonio Caliendi (for Barnaby Holdings), Gualtiero Trucco (for Warnock LLC)
Although the meeting was notionally chaired by Bill Power it was generally ran by Kevin McGrath who commenced by apologising that the accounts to 31 May 2004 were delivered late and acknowledged that this was despite promises having been made at the previous AGM where he said accounts would be ready by the end of 2004. He went on to state the current year’s accounts to 31 May 2005 were on schedule to be completed by the end of 2005 and hoped that the next AGM would take place in January 2006.
It was explained that Gianni Paladini is now a Director and his wife Olga, who previously represented his interests, had stood down. He then went on to state that, despite the success of achieving promotion in 2003/04, from a business perspective the financial year ended 31 May 2004 was disastrous. He emphasised that the accounts covered a period when the old executive team was in place and there were now considerably less people employed by the club who were collectively doing a lot more work than previously.
Kevin and Chris both said that the draft accounts to 31 May 2005 were indicating a loss of £2.5m. In the current year to 31 May 2006 the recently prepared budgets had been drawn up on the basis that the club would break even. However, in reality a loss of somewhere between £500k to £1m is anticipated unless the club have a good cup run or some other similar windfall.
When asked how the Club was going to sustain these ongoing losses, it was suggested this would be achieved through new money from the Directors.
Chris Pennington was asked whether he considered the Company insolvent and he said no as the auditors were satisfied that it was able to keep trading for the foreseeable future and they had ratified the going concern note made in the Directors’ report.
Kevin went on to say that in five years it was anticipated the Company should experience regular profit but all this money would be ploughed into the Club. One advantage of the club making a profit would be its likely exemption from Corporation Tax due to its substantial losses in the past.
A question was asked about whether the Club was up-to-date with the repayments due on the ABC loan and it was explained that these were on schedule. Once the loan has been running for five years, ABC have a right to increase the interest rate. However, if they do, the Club have a right to repay the loan refinance. Otherwise this loan is scheduled to run for its original ten-year period. It was confirmed there were no exit fees arising after ten years on the loan but it is likely that such fees would be payable if the loan was repaid early.
A question was asked in relation to Chris Wright’s old shares and Bill Power said they were sold to him with any extra proceeds being redirected to the Club.
Kevin McGrath mentioned that in the current year there would be a big jump in TV revenue to over £1m due to the new Sky deal. In addition, there may be an extra £400k payable for sale of fixture lists, but this was currently in dispute.
A question was asked in relation to David Davies’ redundancy and the substantial amount of £95,000 paid to him. Bill Power said it was like cutting his arm off to pay him as much as 1p, but faced with the situation that DD could have stayed in his position, the Club would then have had to carefully engineer disciplinary proceedings. Typically this process would take nine months throughout which DD would have had to be paid his normal salary. It was explained that the payoff was the best solution to a bad situation and would enable the Club to go forward under the new management.
The Resolutions on the AGM Notice were all noted and carried almost unanimously.
The floor was then opened for any other business.
The first question was in relation to Gino but it was explained that he left at the end of the season and had now signed a contract with Nottingham Forest.
A question was asked about the availability of the ex-Dairy site at White City and it was confirmed that Kevin McGrath had made initial enquiries and would follow these up. It was reiterated that the unique selling point of QPR was its location and it was appreciated that if they were to move to a new stadium, it must not be far from the current site if the atmosphere and support were to be maintained.
Ian Holloway arrived at 3.30 p.m. and joined the top table.
A question was asked in relation to Wasps. Bill Power replied that he handled the negotiations with Chris Wright himself and appreciated it appeared that QPR were the patsies in the deal and the outcome and negotiations were a one way street in Wasps favour. Bill went on to explain that the Wasps contract originally drafted by DD was not worth a penny and was full of holes. Although in terms of counter claim it was valued at £1.5m, this was only as a result of the Club attempting to maximise its situation from a negotiating point of view. Bill stated that the outcome was the best that could be obtained and Wasps would not be coming back.
A question was asked in relation to the number of season tickets sold. This was answered unspecifically; it was stated the numbers had dropped but no actuals were given.
Ian Holloway was asked about the new players.
Simon Royce we are already familiar with and therefore needed no introduction. Ian Evatt was introduced to the Club via Gianni who had previously dealt with him in his agent’s capacity at Derby. There had been a corrupt situation there, which precipitated his move to Chesterfield and Gianni had travelled abroad to meet the player to finalise the deal. Tommy Doherty- Ian described him as a “pit bull justice enforcer”. Stefan Moore- He had really impressed Ian in training and had the ability to chase down paper bags from the air.
Ian went on to explain that only two seasons ago Dean Sturridge scored 21 goals in 22 games and to all intents and purposes, was a new player. He thought that Dominic Shimmin, acquired from Arsenal at the end of last season, was the most exciting prospect he had seen for a long time and couldn’t wait to get his hands on him. The meeting then descended into farce with references to Gary Glitter by Kevin McGrath and Ian responding with a Michael Jackson joke.
Sam Parkin had not been purchased by the Club as his price was too high and similarly if Richard Langley returned he would only have been offered half his Cardiff wages and therefore this situation would be a non-starter.
A question was asked in relation to the new training ground and was answered by Kevin McGrath who said there was a new lease in existence at a fixed rental but in due course the Club intended to make an offer to purchase the training ground currently owned by Imperial College. The benefits of the new training ground are it’s modern facilities (on which Chelsea had spent a small fortune) and that that all the QPR teams would be “under one roof”. There was a question from the floor inquiring whether the supporters could get involved in the purchase of the ground but this was not really answered.
Ian Holloway went on to explain his ideas about buying young, promising players and compared that with the policies of the past i.e. with the purchase of an over 30 Mike Sherron. It was summed up that Chris Wright had been very naive and believed what he was being told by the authorities to whom he had delegated the running of the Club. Similarly, he considered the large number of long contracts handed out to young trainees in the light of the Bosnan ruling was an understated source of the financial difficulties the Club had experienced leading up to Administration.
Ian finished by hinting about further signings by saying “I can’t say anything at the moment but you will be so proud soon”.
From the writer’s point of view Ian’s body language was good and he was very consistent in everything he said, in particular about not throwing the kids in at the deep end, which he had to do at Burnley last year.
To sum up, there were a lot of questions unanswered at the AGM and the Trust will attempt to delve in to the specifics at our regular meetings at the Club. Unlike the 2004 AGM the top table were not slow this time in openly criticising the previous administrations. We will have some idea if this criticism is justified when the results for the current year to 31 May 2005 are published. If they arrive before the end of 2005 and are in line with Chris Pennington’s expectations, then this will at least be a step in the right direction. Overall it was an enjoyable meeting to attend but get the feeling that this is probably as a result of Ian getting good at dealing with the public and making his audience laugh out loud, he really must have a future in motivational or after dinner speaking.
Geoff Gibbs - QPR1st Steering Group
www.qpr1st.com/index.php?option=com_content&view=article&id=157:qpr-holdings-limited-agm-report&catid=1:latest-news&Itemid=4
As reported at the time by Julia on QPR Net
Rangers News
Wednesday 6th July 2005
by Julia Hill
IAN HOLLOWAY Q&A FROM TODAY'S AGM
The Annual General Meeting for shareholders of QPR Holdings Ltd took place at the club on Wednesday 6 July. Ian Holloway, in relaxed mode, attended the latter part of the meeting and answered questions from supporters after the formal business was over.
Q&A
Q: What can you tell us about the four new signings?
A: All four of them are Premiership quality in my opinion. I’ve brought Simon Royce in because I didn’t feel there was enough competition for the goalkeeper’s shirt. Chris Day has been a great servant to this club – on a par with Steve Palmer – but Royce is better than Day, and Chris should be playing first team football. Royce has earned a lot of money over the years for sitting on the bench. He’s sick of being a sub, and he likes the buzz he gets from the fans at Loftus Road.
I want to move forward with young goalkeepers, none more so than Jake Cole. I’ll be having a good look at him in pre-season and you can expect to see him feature in at least one of the Ibiza friendlies.
Ian Evatt is a big, strong lump of a defender who is so composed on the ball he could play in midfield. This season we need to improve our distribution from defence to attack. Gianni Paladini helped me with this signing and in fact has opened all sorts of doors for me, for example I’ve been able to look at Spanish, Italian and Portuguese players recently thanks to him.
Tommy Doherty is quiet and shy off the pitch, and a pitbull on it. I think some of our players are too nice, but Tommy will dispense justice. When he tackles someone, they stay tackled. Signing Tommy lets me play Kevin Gallen up front.
Stefan Moore gives us something we haven’t had, and that’s the ability to move rapidly onto the ball over the top. He’ll chase paper bags in the wind in the park for you all day long.
I’ll talk about Dean Sturridge as well since we signed him so recently. He had an outstanding season only a couple of years ago but has suffered from hamstring problems that in turn were a result of back problems. Our physio, as he did with Paul Furlong, has had him doing corrective exercises which seem to have done the trick. Yesterday we played a practice match: Gallen scored two, Moore scored one, and Sturridge made two and scored one himself. All three centre forwards looked exceptional. I was also having a look at an Egyptian trialist who isn’t bad.
Q: Can we expect any more signings?
A: I’m still looking for a left back. When Matthew Rose played there he showed me what we were lacking in that position: someone who was tall enough to win headers, and someone who was fast enough to run past Lee Cook who still lacks a little bit of pace. If I sign a left back I can move Rose over to the other side.
Q: How close were we to signing Flo?
A: Very close. We gave him a medical, and he’s the fittest player I’ve ever seen. He would have been an inspiration to the younger players. In the end he decided to go home. He and his family were involved in a big car crash in Italy last year, and his kids are still upset.
Q: What can you tell us about the two young lads we signed from Arsenal?
A: I wanted them for the run-in, but I only found out about their injuries at the eleventh hour before the transfer deadline so I didn’t have time to go and look for anyone else. That said, I’m delighted to have both of them at the club.
Matthew Hislop is 6’ or taller, he’s got a great left foot, and he runs forward like Ashley Cole. As I said, I’m trying to tuck a more senior player into that position to allow Hislop to develop at his own pace.
I’ve never been so excited about a young player as I am about Dominic Shimmin. He’s 17, he’s built like Danny shiteeeeeeeetu and is almost as fast, he can play centre back or right back, and he’s played for England at every youth level. He had a big fall-out with Liam Brady; Wenger liked the look of him, but Brady used to say his attitude was wrong. Dominic was late on his first day of training with us, and after what I said to him it hasn’t happened again. I asked him to report back to pre-season training three weeks earlier than the other players, and he said he wanted to go away on holiday for one of those weeks. We talked it through, and I’ve told him I’ll let him go away later on and he’s happy with that.
Gary Waddock is in charge of a new “reserves development group” which consists of six young players who I want him to help make the step up to the first team. They are Matthew Hislop, Scott Donnelly, Shabazz Baidoo, Stefan Bailey, Jake Cole and Dominic Shimmin. If I can’t bring at least two or three of those forward I might as well go home.
Q: Are you pleased with the new training ground?
A: Yes! There are two or three things that really matter to players, and this is one of them. Twyford Avenue is suffering from a lack of investment, and we get bullied by Wasps there. We’ve gone from seven pitches to three. Chelsea spent a fortune on our new training ground, and we’re inheriting the improvements that they made and making a few tweaks ourselves. The dressing rooms, in fact the whole interior of the building is fantastic, and it’s the best gym we’ve ever had. The surfaces are immaculate, and the players will be really excited to see the new facilities when they get back from Ibiza.
Q: A question about tactics last season: when we were defending long balls, why did we play head tennis and usually end up losing the ball?
A: The balance wasn’t quite right last season. Marcus Bignot isn’t always as tall as he could be, and against Wolves Glenn Hoddle, for all the sophisticated football that his teams are supposed to play, really showed us up when he brought Carl Cort on and got them to lump it forward to him.
Our pressing and closing that got us promoted wasn’t good enough last season at Championship level, and that’s one of the reasons why I’ve strengthened the squad. How did we get a point at Wigan? It was like the Alamo, and at Burnley we were awful. The kids who I had to draft in did brilliantly, but I want them to get into the team on merit and stay there on merit.
Q: Did we try to get Sam Parkin and Richard Langley?
A: We looked at Sam, but couldn’t have afforded the £750k that he eventually moved for. We nearly cut a deal with Cardiff, but I didn’t even want to ask Richard Langley if he wanted to halve his wages.
Many thanks to Julia for the report
www.qprnet.com/misc/ollyq&a.shtml
b]
and QPR1st Report
QPR Holdings Limited AGM report
Friday, 15 July 2005 00:00[/b]
Held at The Blue & White Club on 6 July 2005 at 3.00 pm By Geoff Gibbs The top table consisted of Bill Power (Chairman), Gianni Paladini (Director), Mark Devlin (CEO), Kevin McGrath (Director), Chris Pennington (Company Secretary & Chief Financial Officer), Antonio Caliendi (for Barnaby Holdings), Gualtiero Trucco (for Warnock LLC)
Although the meeting was notionally chaired by Bill Power it was generally ran by Kevin McGrath who commenced by apologising that the accounts to 31 May 2004 were delivered late and acknowledged that this was despite promises having been made at the previous AGM where he said accounts would be ready by the end of 2004. He went on to state the current year’s accounts to 31 May 2005 were on schedule to be completed by the end of 2005 and hoped that the next AGM would take place in January 2006.
It was explained that Gianni Paladini is now a Director and his wife Olga, who previously represented his interests, had stood down. He then went on to state that, despite the success of achieving promotion in 2003/04, from a business perspective the financial year ended 31 May 2004 was disastrous. He emphasised that the accounts covered a period when the old executive team was in place and there were now considerably less people employed by the club who were collectively doing a lot more work than previously.
Kevin and Chris both said that the draft accounts to 31 May 2005 were indicating a loss of £2.5m. In the current year to 31 May 2006 the recently prepared budgets had been drawn up on the basis that the club would break even. However, in reality a loss of somewhere between £500k to £1m is anticipated unless the club have a good cup run or some other similar windfall.
When asked how the Club was going to sustain these ongoing losses, it was suggested this would be achieved through new money from the Directors.
Chris Pennington was asked whether he considered the Company insolvent and he said no as the auditors were satisfied that it was able to keep trading for the foreseeable future and they had ratified the going concern note made in the Directors’ report.
Kevin went on to say that in five years it was anticipated the Company should experience regular profit but all this money would be ploughed into the Club. One advantage of the club making a profit would be its likely exemption from Corporation Tax due to its substantial losses in the past.
A question was asked about whether the Club was up-to-date with the repayments due on the ABC loan and it was explained that these were on schedule. Once the loan has been running for five years, ABC have a right to increase the interest rate. However, if they do, the Club have a right to repay the loan refinance. Otherwise this loan is scheduled to run for its original ten-year period. It was confirmed there were no exit fees arising after ten years on the loan but it is likely that such fees would be payable if the loan was repaid early.
A question was asked in relation to Chris Wright’s old shares and Bill Power said they were sold to him with any extra proceeds being redirected to the Club.
Kevin McGrath mentioned that in the current year there would be a big jump in TV revenue to over £1m due to the new Sky deal. In addition, there may be an extra £400k payable for sale of fixture lists, but this was currently in dispute.
A question was asked in relation to David Davies’ redundancy and the substantial amount of £95,000 paid to him. Bill Power said it was like cutting his arm off to pay him as much as 1p, but faced with the situation that DD could have stayed in his position, the Club would then have had to carefully engineer disciplinary proceedings. Typically this process would take nine months throughout which DD would have had to be paid his normal salary. It was explained that the payoff was the best solution to a bad situation and would enable the Club to go forward under the new management.
The Resolutions on the AGM Notice were all noted and carried almost unanimously.
The floor was then opened for any other business.
The first question was in relation to Gino but it was explained that he left at the end of the season and had now signed a contract with Nottingham Forest.
A question was asked about the availability of the ex-Dairy site at White City and it was confirmed that Kevin McGrath had made initial enquiries and would follow these up. It was reiterated that the unique selling point of QPR was its location and it was appreciated that if they were to move to a new stadium, it must not be far from the current site if the atmosphere and support were to be maintained.
Ian Holloway arrived at 3.30 p.m. and joined the top table.
A question was asked in relation to Wasps. Bill Power replied that he handled the negotiations with Chris Wright himself and appreciated it appeared that QPR were the patsies in the deal and the outcome and negotiations were a one way street in Wasps favour. Bill went on to explain that the Wasps contract originally drafted by DD was not worth a penny and was full of holes. Although in terms of counter claim it was valued at £1.5m, this was only as a result of the Club attempting to maximise its situation from a negotiating point of view. Bill stated that the outcome was the best that could be obtained and Wasps would not be coming back.
A question was asked in relation to the number of season tickets sold. This was answered unspecifically; it was stated the numbers had dropped but no actuals were given.
Ian Holloway was asked about the new players.
Simon Royce we are already familiar with and therefore needed no introduction. Ian Evatt was introduced to the Club via Gianni who had previously dealt with him in his agent’s capacity at Derby. There had been a corrupt situation there, which precipitated his move to Chesterfield and Gianni had travelled abroad to meet the player to finalise the deal. Tommy Doherty- Ian described him as a “pit bull justice enforcer”. Stefan Moore- He had really impressed Ian in training and had the ability to chase down paper bags from the air.
Ian went on to explain that only two seasons ago Dean Sturridge scored 21 goals in 22 games and to all intents and purposes, was a new player. He thought that Dominic Shimmin, acquired from Arsenal at the end of last season, was the most exciting prospect he had seen for a long time and couldn’t wait to get his hands on him. The meeting then descended into farce with references to Gary Glitter by Kevin McGrath and Ian responding with a Michael Jackson joke.
Sam Parkin had not been purchased by the Club as his price was too high and similarly if Richard Langley returned he would only have been offered half his Cardiff wages and therefore this situation would be a non-starter.
A question was asked in relation to the new training ground and was answered by Kevin McGrath who said there was a new lease in existence at a fixed rental but in due course the Club intended to make an offer to purchase the training ground currently owned by Imperial College. The benefits of the new training ground are it’s modern facilities (on which Chelsea had spent a small fortune) and that that all the QPR teams would be “under one roof”. There was a question from the floor inquiring whether the supporters could get involved in the purchase of the ground but this was not really answered.
Ian Holloway went on to explain his ideas about buying young, promising players and compared that with the policies of the past i.e. with the purchase of an over 30 Mike Sherron. It was summed up that Chris Wright had been very naive and believed what he was being told by the authorities to whom he had delegated the running of the Club. Similarly, he considered the large number of long contracts handed out to young trainees in the light of the Bosnan ruling was an understated source of the financial difficulties the Club had experienced leading up to Administration.
Ian finished by hinting about further signings by saying “I can’t say anything at the moment but you will be so proud soon”.
From the writer’s point of view Ian’s body language was good and he was very consistent in everything he said, in particular about not throwing the kids in at the deep end, which he had to do at Burnley last year.
To sum up, there were a lot of questions unanswered at the AGM and the Trust will attempt to delve in to the specifics at our regular meetings at the Club. Unlike the 2004 AGM the top table were not slow this time in openly criticising the previous administrations. We will have some idea if this criticism is justified when the results for the current year to 31 May 2005 are published. If they arrive before the end of 2005 and are in line with Chris Pennington’s expectations, then this will at least be a step in the right direction. Overall it was an enjoyable meeting to attend but get the feeling that this is probably as a result of Ian getting good at dealing with the public and making his audience laugh out loud, he really must have a future in motivational or after dinner speaking.
Geoff Gibbs - QPR1st Steering Group
www.qpr1st.com/index.php?option=com_content&view=article&id=157:qpr-holdings-limited-agm-report&catid=1:latest-news&Itemid=4
