UK time is: 07:51:29
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.

We want to know YOUR thoughts!

To have your say you can comment in the space provided below, or chat about it on the forum.

TOP STORIES

The January Transfer List.

Sousa Nominated For Manager Of The Month.

Vine`s Back!.






Click here to join in the debate on the club forum.

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
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Queens Park Rangers Articles

Kranjcar Returns To QPR (Monday September 1 2014)

Sandro Signs (Monday September 1 2014)

Transfer Deadline Day Live Blog (Monday September 1 2014)

Simpson Seals Leicester Switch (Saturday August 30 2014)

Austin Off The Mark (Saturday August 30 2014)

One to Watch - Connor Wickham (Friday August 29 2014)

QPR v Sunderland - Match Preview (Friday August 29 2014)

Brewers Break Brittle Rangers (Wednesday August 27 2014)

Archived Queens Park Rangers Articles

List All Vital QPR Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. The Uncredibale Hulk 8
2. QPR4Me 8
3. dustman 7
4. Bunyip 3
5. DMD_QPR 2

League Results (view all)

Latest Results
Q.P.R. 1 - 0 Sunderland
Spurs 4 - 0 Q.P.R.
Q.P.R. 0 - 1 Hull City

League Table (view table)

Team P W D L GD Pts
9. Hull City 3 1 1 1 0 4
10. Stoke 3 1 1 1 0 4
11. West Ham 3 1 0 2 -1 3
12. Q.P.R. 3 1 0 2 -4 3
13. Sunderland 3 0 2 1 -1 2
14. Man Utd 3 0 2 1 -1 2
15. Leicester City 3 0 2 1 -2 2

Breaking League News

Hernandez Gets His Dream Move
Man Utd : 02/09/2014 07:40:00
So How Was It For You?
Man Utd : 02/09/2014 07:34:00
That Falcao Deal?
Man Utd : 02/09/2014 07:33:00
Merlin`s Puzzled!
Chelsea : 02/09/2014 07:20:00
Trio Depart on Loan!
Chelsea : 02/09/2014 07:16:00

Current Site Poll (view all polls)

Where do QPR need to strengthen most?
Suggested By:  Boxer
Goalkeeper 7%
Defender 21%
Midfielder 7%
Forward 65%