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Ron Noades will withdraw his financial support of Brentford if supporters do not back his move for a new stadium. The Brentford Independent Association of Supporters (BIAS) is opposing his plan to sell Griffin Park. In a letter to BIAS, Noades said: "The current position is that I will not be funding the club beyond the end of this season. If your organisation and the supporters work against what I am trying to achieve for Brentford, I feel I have no obligation to even fund it for the rest of this season."
Altonwood Limited, who own the majority shareholding in Brentford FC Limited, issued a statement today understandingthat £10m to buy Loftus Road outright would be below the vacant possession value, but point out that it is made on condition that QPR continues to play there and therefore the vacant possession value is irrelevant.
If successful, it would mean The Supporters Trust of QPR could acquire own club for very little capital expenditure — a proposal QPR 1st does not consider workable.
The proposal could also have a detrimental effect on Fulham's chances of ground-sharing at Loftus Road next season while Craven Cottage is redeveloped — a deal has almost been concluded from which QPR will earn £1m per season.
Wasps rugby union club, who have a ten-year contract with Loftus Road plc to play at the ground, are trying to secure a deal to play at Wycombe Wanderer's Adams Park ground regardless of this new twist in QPR's future, although Altonwood Ltd propose that Wasps would remain at Loftus Road along with QPR and Brentford even though the licence issued by Hammersmith and Fulham council restricts the number of events that can be played there — but this could be subject to change.
The consortium's offer led by Maurice Fitzgerald to buy QPR is still on the table. Their latest offer was submitted shortly before Christmas, but has had no response from the administrators.
It's probably about time Chris Wright issue a full and detailed statement on what the present situation is with QPR, and where he sees it heading in the near future. He owes us that much at least.