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Last Updated: Thursday, 30 March 2006, 17:05 GMT 18:05 UK
Paladini moves to assure QPR fans
QPR chairman Gianni Paladini
Paladini became chairman last year
Chairman Gianni Paladini insists Queens Park Rangers are not heading for another financial crisis.

The club faced a winding-up order over an unpaid debt last week but Paladini has dismissed suggestions that a return to administration is a possibility.

He said: "The directors recently put more money in.

"There have been all sorts of rumours flying around and I know some fans have heard that the club may go into administration. That will not happen."

Paladini, a former agent, became a director at Loftus Road in 2004.

He later ousted Bill Power to become chairman and removed chief executive Mark Devlin.

The club is now run by a group that includes former Brazil captain Dunga and another ex-agent, Antonio Caliendo.

"For people like myself and Dunga it would be a complete failure if QPR went into administration," Paladini admitted.

"I can promise the fans that it will not happen as long as we are running the club.

"We have worked to get the debts down and are working towards a position where the club is breaking even.

"We want to bring some new players here in the summer and improve on this season."




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