Paladini is new QPR chairman

Controversial Italian Gianni Paladini has been confirmed as the new chairman of QPR.

Paladini – a former football agent – takes over from interim chairman Gualtiero Trucco following the board meeting last month that saw former incumbent Bill Power ousted and Mark Devlin sacked as chief executive.

Monaco-based consortiums Wanlock LLC and Barnaby Holdings – both of whom have a substantial stake in QPR – had recommended Paladini be installed as chairman.

“I hope that after a period of instability we can look forward to the brightest of futures at QPR,” Paladini told the club’s official website.

“Supporters will have been a little bewildered by recent events, and I wish so much of what has happened could have happened differently. But now I believe we have the right people in place to take the club forward.”

Reports in London last week claimed Rangers faced a Football Association investigation into the sums of money they had spent on agents’ fees – a report Paladini has strenuously denied.