RNS Number:2666Y
Loftus Road PLC
2 February 2001 For Immediate Release
2 February 2001 LOFTUS ROAD PLC CHRIS WRIGHT TO RESIGN AS CHAIRMAN Loftus Road PLC announces that Chris Wright has informed the company that he
intends to resign as Chairman, both of Loftus Road PLC and its subsidiary
Queens Park Rangers as soon as a replacement can be found.
Commenting on his decision, Chris Wright, said :
"When I took over as Chairman of QPR in August 1996 immediately following the
club's relegation from the Premier League, I made it quite clear that I would
only remain as Chairman as long as I felt I had the support and confidence of
the fans. Indeed on many occasions since then I have reiterated both publicly
and privately that as soon as I felt I had lost that confidence I would
immediately resign and withdraw from the activities of the club. Following the unsavoury incidents around the Directors' Box during the match
against Fulham on Wednesday evening, it is abundantly clear that time has now
arrived. I am fully aware that QPR is financially dependent upon the loans that I have
put in place to the club and will continue to be dependent on further
injections of money to survive for the immediate future. In order not to
jeopardise the club's difficult current situation in terms of its position in
the Division One League table, I will continue to provide whatever financial
support is necessary until the company identifies my ultimate long term
successor with the ability to take over that responsibility even if such
individual does not come on board before the end of the current season."
For Further Information, contact :
Mark Edwards, Buchanan Communications
020 7466 5000
|