QPR owners secretly recruit investment bank to sell club for 100m rs Bernie Ecclestone and Flavio Briatore - report
Ecclestone and Briatore move to sell club, and have enlisted the help of Seymour Pierce to scout for potential buyers, after breakdown of relationship with Mittal
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Reports have emerged suggesting that QPR owners Bernie Ecclestone and Flavio Briatore are ready to depart from Loftus Road amidst a feud with billionaire Lakshmi Mittal
The Mirror reports that the duo have enlisted the help of London based investment bank Seymour Pierce to find a potential buyer for the £100m club.
The Formula One supremos own 67 percent of the newly-promoted Premier League club, while Indian tycoon Lakshmi Mittal owns around 30 percent. Mittal has attempted to buy-out the shares owned by Ecclestone and Briatore, but has failed with two bids in the past.
Ecclestone and Briatore have been approached by Keith Harris from Seymour Pierce, who claimed he could find the buyer they were looking for.
Relationships between the shareholders broke down in May this year when the son-in-law of Mittal, Amit Bhatida stepped down as QPR's vice-chairman.
Bhatia claimed the Formula One giants were wrong to remove chairman Ishan Saksena from his position, and condemned the pair for raising season ticket prices by 40 percent.
QPR owners secretly recruit investment bank
posted on 15/7/11
Keith Harris ?
Does that mean your new owner could be
http://files.stv.tv/img/articles/75331-inmate-orville-the-duck-200.jpg
Seymour Pierce was involved in our take over but then when Yeung could not get the money at first attempt he had to pay Seymour £2M fee.
Whats gone wrong with Lakshmi Mittal he is stinking rich, if Ecclestone and Briatore had the best interests in your club they should sell to Mittal.
Shocked how they Want out as you finally get into the Prem your 3 owners have a abundance of wealth not like our crooked chinese owner
Maybe they just see that as your a London Club in the Prem they see the $$$$$ signs and want to sell on for a big profit on what they paid.
The KiD
posted on 16/7/11
Comment Deleted by Site Moderator
posted on 17/7/11
Bernie's not my cup of tea either, even his ex wife looked down on him