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SirStanleyBowles- 05-01-2007
COOK USED AS LOAN SECURITY
A document recently filed by the club with Companies House shows that QPR Holdings Ltd has borrowed £500,000 secured against the future sale of Lee Cook. The charge against the company was created on 28 March 2007 and the lender is Simon Blitz. Lender Simon Blitz shares his name with the chairman and co-owner of Oldham Athletic FC

SirStanleyBowles- 05-02-2007
RANGERS FANS QUESTION LATICS LOAN
The QPR Supporters Trust is to meet chairman Gianni Paladini to discuss a £500,000 personal loan to Rangers from Oldham supremo Simon Blitz. The loan, believed to be secured against the potential sale of Rangers winger Lee Cook, has been confirmed by Latics chairman Blitz although Paladini did not want to comment when approached. The loan was registered with Companies House on April 18 and Blitz insists it will have no negative impact on Oldham's finances. "We are interested in finding out more about this, and we will be trying to do so ," said Tracy Stent, the Rangers Supporters' Trust Co-ordinator. Blitz told the Oldham Chronicle: "It is something I do. People borrow money from me and they pay it back with interest. Business is business. "People can say whatever they like but this is a business deal on a personal level which has no bearing whatsoever on Latics."