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“The Board
of QPR Holdings Ltd has decided that Mr Mark Devlin's position
as Chief Executive Officer is to be made redundant with
immediate effect.
Mr
Bill Power is no longer Chairman of the Board but remains as a
Director.
Mr
Gualtiero Trucco has been appointed interim Chairman of the
Board.
Bill
Power and Director Kevin McGrath do not recognise the validity
of these decisions which were taken at yesterday's Board meeting
in their absence.
They
are currently seeking legal advice with regards to these
decisions.”
Since the
departure of David Davies and Nick Blackburn, Rangers have been
in the enviable position of having fans as both Chairman and
Chief Executive, today these four sentences brought all that to
a shuddering halt.
Rangers
are now headed by the aforementioned Trucco and Gianni Paladini
who now holds all the cards at Loftus Road despite investing
relatively little money into the club.
It’s said
that Dunga, who you might have actually forgotten was a director
at Loftus Road for all we’ve seen of him, flew in especially to
swing the vote to oust Bill Power in Paladini and Trucco’s
favour. That would make this his first meaningful contribution
to the club since he joined the board in August 2004 with a
promise to find Rangers up and coming young South American
talent, something which hasn’t materialised to date.
Dunga is
the figurehead of Barnaby, the first Monaco based consortium to
invest in Rangers last year. They own 10% of the club and were
soon joined at the boardroom table by Wanlock a few weeks later
who took up a further 19.9% stake holding. Wanlock are
represented on the board by our new acting Chairman, Gualtiero
Trucco.
So where
does all this leave Rangers? What are the boards’ plans for the
future? Why was a competent Chief Executive in Mark Devlin
sacked? All questions to which there are no answers right now,
all we do know is that Queens Park Rangers Football Club is no
longer run by two passionate and committed R’s fans who only
wanted the best for the club but is now controlled by a group of
faceless, off shore investors whose motives and interests are,
as yet, completely unknown.
ron@qprnet.com |
