Mittal's Stake Plummets
Queens Park Rangers Co-Owner Lakshmi Mittal has seen a vast decline in his value in recent times in direct correlation to declines in steel.
With all the excitement of the transfer window passing the R`s by they are left to contemplate their own misfortune as their wealthiest owner has fallen on hard times.
Lakshmi Mittal`s stake in his company Arcelor Mittal, according to contactjournal.com was worth a reported £45bn in June 2008 but since then the economic downturn has prompted his value to decline rapidly to the modern day value of £10bn.
This means his stake has plummeted a massive £35bn as even Britain`s wealthiest man is beginning to feel the pinch.
Mittal currently has co-ownership of Queens Park Rangers will fellow owners Bernie Ecclestone and Flavio Briatore. His presence at QPR is overseen by son-in-law Amit Bhatia who has built up a strong rapport with Rangers supporters in recent times.
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