Post by Nik *QPR* on Aug 20, 2007 17:57:42 GMT -1
QPR's board of directors have resigned ahead of an expected takeover by a group that includes Renault Formula One team boss Flavio Briatore.
It comes after major shareholder Antonio Caliendo and his backers agreed to sell their stake in the club.
Gianni Paladini will stay on as chairman, but Kevin Steele, Nick De Marco and James Ferrary are leaving.
"The new investment will be the most important for years," said a statement from the trio of ex-board members.
The statement continued: "It will save QPR from the perilous financial position we have found ourselves in 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.
"We are certain the new investors and the new board will get behind manager John Gregory and give him the support he needs."
It comes after major shareholder Antonio Caliendo and his backers agreed to sell their stake in the club.
Gianni Paladini will stay on as chairman, but Kevin Steele, Nick De Marco and James Ferrary are leaving.
"The new investment will be the most important for years," said a statement from the trio of ex-board members.
The statement continued: "It will save QPR from the perilous financial position we have found ourselves in 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.
"We are certain the new investors and the new board will get behind manager John Gregory and give him the support he needs."
