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Claims he loaned it to QPR in 2004,resigned in 2006 and the loan should have been repaid in March this year + interest at 7.5%.
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do you have a link sir? -
i borrowed eddie from ilford a cockle back in 83..........aint seen it since!!................my motto is never borrow money to a hippy!you know nothing john snow!!!!Comment
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That will be why they got Fernandes in then, his total investment will e that loan!!! Joking but what are the odds of it being true! Haha you R'sssComment
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I can't link it for you,but its just a couple of lines under "Football Shorts" page 99 of today's Mail.Originally posted by indianalondon View PostComment
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Dunga threatens Queens Park Rangers with legal action in dispute over £750k loan
Dunga, the former Brazil manager, is threatening legal action against Queens Park Rangers over £750,000 of loans he claims he is owed.
breaches of FA regulations over the £3.5 million transfer in 2009 of Alejandro Faurlín from the Argentine side Instituto after voluntarily alerting the Football League to a potential violation of third-party ownership rules .
Now Dunga, manager of Brazil in last summer’s World Cup, has added to the club’s concerns by instructing his legal team to institute proceedings against QPR Holdings, the company which owns the club, in an attempt to recover two loans – one of £250,000 and another of £500,000 – made four years ago, while he was a director at Loftus Road.
Under the terms of the loans – which accrued annual interest at 7.5 per cent and are due this month – Dunga claims he is now owed almost £1.1 million.
Withers, acting for QPR Holdings, acknowledges that its client admits receipt of loans to that value but that it cannot ascertain the source of those funds.
Even if it is proven that Dunga did contribute the loan, Withers argues, his right to the return of the money was waived when Antonio Caliendo, the club’s former majority shareholder, agreed to the takeover deal which led to the 2007 arrival of Flavio Briatore, Bernie Ecclestone and Lakshmi Mittal at Loftus Road.
They say Caliendo signed a power of attorney permitting Eric Steele, QPR Holdings’ lawyer, power of attorney to act on his behalf and that Dunga’s dispute, if anything, should be with Caliendo. The Italian super-agent, however, insists he did not authorise Steele to accept such a proposal.
Caliendo last year wrote to the FA requesting an investigation into whether Briatore’s and Ecclestone’s takeover was conducted in a “proper, legal and transparent manner”.
It is believed he this week wrote to QPR once again demanding £2 million he believes he is still owed.
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well, if Paladini pays back the loan he's had from the club - interest free, nice little earner- that'll go some way to seeing Dunga offComment
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