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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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The journalist

Writer: Boxer Mail feedback, articles or suggestions

Date:Monday February 2 2009

Time: 6:45PM

Your Comments

Seems to hitting a lot of clubs .. Newcastle & Pompey and now you..
Chix
Oh make no mistake about it, we're OK - we haven't even touched Mittal's funds yet - Flavio won't let us.
Boxer
Oh dear. These billionaire boys are having it so rough at the moment. Imagine being downt ot your las (SHOCK! HORROR!) 10 billion. Oh the shame!
fifthcolumnblue
Will someone get him some soup and a temporary shelter please?
Boxer
perhaps we could have a whip round for him, he might have to cut back on the caviar?
Buzz Lightyear
 

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