In the wake of widespread and further inaccurate reporting, Chairman of QPR Holdings Ltd, Antonio Caliendo, would like to issue the following statement:
"Despite Carlos Dunga tendering his resignation as a non-executive director on Tuesday, he will continue to support the Club financially.
"The Board's objective remains the same as it always has been - to get QPR back on a sound financial footing and in time, a return to the Premiership.
"I want to reassure the shareholders and supporters that we are doing everything possible to achieve that goal.
"We have invested wisely in the squad this summer and I believe we are in a fantastic position to challenge in the top half of the Championship.
"Last season was a very difficult time for the Board. Since September, we've put in over £4million to ensure the Club's finances are in a stable position to build for the future.
"As a Board, we aim to keep our promise of not selling our best players. Obviously there are certain clauses in players' contracts which means we have to allow them to speak to other Clubs, but our aim is the Premiership and to achieve this we need to keep all our best players.
"The Dan Shittu situation is a perfect example. The bottom line is that we want to keep Danny at the Club. He's a fantastic professional and a tremendous player, but if we receive a £3million bid then he has the freedom to talk to whoever comes in for him.
"We love Queens Park Rangers and we are doing everything possible to safeguard the prestige of this wonderful Club.
"Together, there is only one voice - We Are QPR.''