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Last Updated: Wednesday, 28 April, 2004, 11:29 GMT 12:29 UK
Paladini buys stake in QPR
Queens Park Rangers club crest
QPR have finally found an investor
Italian businessman and agent Gianni Paladini has bought a 22% stake in Queens Park Rangers.

Paladini, who has represented Fabrizio Ravanelli and Benito Carbone, has invested around 650,000 and more cash may follow in the future.

QPR have been seeking investors since coming out of administration in 2002.

The board are speaking to other groups interested in buying a major stake, including American Tim Krause and a consortium fronted by Brian Rowe.

Krause is the president of Milwaukee Wave, the American club QPR entered into a partnership agreement with last year.

Lifelong R's fan Rowe was commercial director at Loftus Road under former owners Jim Gregory and Richard Thompson.

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