
Agenparl is in possession of extensive documentation that sheds light on the background to the sale of shares in the famous English club Queens Park Rangers. The documents reveal crucial details from 22 July 2007, when a draft contract was drawn up for the purchase of QPR shares by Winton/Anaid.
The terms of the draft contract (22 July 2007)
The draft contained several key terms, including:
- Purchase of the Shares:
The transaction would take place at a price of 6.5p per share. - Promotion Bonus:
Barnaby would receive a £2 million bonus should QPR be promoted to the Premier League in the 2007/08, 2008/09 and 2009/10 seasons. - Loan Management:
Barnaby and Wanlock would be instructed to assign the benefit of the loans to a company appointed by them, with the total amount set at £7.5 million. - Payment of Interest:
Anaid was to pay quarterly interest on the loans, at an annual rate of 7.5%, to a beneficiary appointed by Barnaby. - Role of Administrator for Life:
AC was to become the administrator for life of QPR.
Interestingly, although AC does not recall whether he had personally viewed the contract at the time of its drafting, he confirms that, with the exception of a few minor details, the draft essentially reflects the agreements originally made with Winton.
The confirmation of the offer (3 August 2007)
On 3 August 2007, the documents show that AC received a letter from Winton confirming that an offer had been made on 1 August 2007 to purchase the shares held by Wanlock, Barnaby and Moorbound at the same price of 6.5p per share.
These documents, now in the possession of Agenparl, provide a detailed picture of the economic arrangements and conditions that characterised one of the most significant transactions in English football. Not only do the documents testify to the original agreements, but they also raise questions about the transparency and how the club’s transactions were handled.
Exploration of these elements could offer further insights into the context and internal dynamics of the QPR share sale, contributing to a better understanding of a complex episode rich in economic and management implications.