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Sunday, December 18, 2005

Paladini Recounts how he saved QPR from winding up order

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TEAMTALK
Rs in emergency payment
QPR have reportedly made an emergency payment of £500,000 to the Inland Revenue to prevent the club facing a winding up order and going into administration.Rangers would have incurred an automatic 10-point deduction under Football League regulations, and that would have meant the club dropping into the Championship relegation zone.
However, the payment was made on Friday, and chairman Gianni Paladini told the Sunday Mirror: "There was a winding-up order in place when we took over."
We made a first payment of £500,000 last month and another of £500,000 on Friday so we are currently up to date."If we hadn't paid the bill by 20 December, they'd have published details of the winding-up order in the London Gazette. There is a provisional hearing set for January if we haven't paid the bill."
The total bill is for £1.58m and so far we have paid £1m. We've an agreed schedule with the Inland Revenue for the remainder to be paid as part of our regular monthly payment."
http://www.teamtalk.com/teamtalk/News/Story_Page/0,7760,1801_900459,00.html


QPR MAKE EMERGENCY TAX PAYMENT
Sporting Life
QPR have reportedly made an emergency payment of £500,000 to the Inland Revenue to prevent the club facing a winding up order and going into administration.
Rangers would have incurred an automatic 10-point deduction under Football League regulations, and that would have meant the club dropping into the Championship relegation zone.
However, the payment was made on Friday, and chairman Gianni Paladini told the Sunday Mirror: "There was a winding-up order in place when we took over.
"We made a first payment of £500,000 last month and another of £500,000 on Friday so we are currently up to date.
"If we hadn't paid the bill by December 20 they'd have published details of the winding-up order in the London Gazette. There is a provisional hearing set for January if we haven't paid the bill.
"The total bill is for £1.58million and so far we have paid £1million. We've an agreed schedule with the Inland Revenue for the remainder to be paid as part of our regular monthly payment."
http://www.sportinglife.com/football/nationwide1/news/story_get.cgi?STORY_NAME=nonwire_soccer/05/12/18/manual_192114.html&TEAMHD=nationwide1

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