Ousted chairman leaves QPR board
Former chairman Bill Power has resigned from the board of QPR.
Following a bitter struggle, Power was recently removed by director Gianni Paladini and Monaco-based groups that own a major stake in the London club.
Power initially resisted an attempt to remove him from the board altogether but has now stepped down as a director and will sell his shares.
The Monaco groups have the option of buying Power's stake, enabling them to tighten their control at Loftus Road.
Paladini, who is taking over as chairman, was a close ally of Power and the two united to oust the club's previous board 15 months ago.
But their relationship turned sour and last month Power's attempt to increase his shareholding failed.
He lost a no-confidence vote at a crucial board meeting after former Brazil captain Carlos Dunga unexpectedly flew in from Japan to vote against him.
Chief executive Mark Devlin was then sacked.
Dunga represents one of the Monaco groups and was made a director last year but had previously not attended any board meetings.
Power and his supporters questioned the legality of the coup but later backed down.
Rangers are currently 13th in the Championship and recently added to their squad by signing Steve Lomas and bringing back Richard Langley following his two-year spell at Cardiff.
Last term the R's enjoyed an encouraging season following their promotion from the Second Division in 2004.
But there have been problems off the pitch.
Money from shareholders - including Power - has been needed to meet heavy losses.
The club now expect a loss of close to £2m for 2005-06 and believe they will need further cash injections from December onwards to cover the shortfall.
