Vital Football

Latest QPR News

Briatore Sells To 'Majority Holder' Ecclestone

Briatore Sells To 'Majority Holder' Ecclestone

Bernie Ecclestone has reportedly bought Flavio Briatore's share of Queens Park Rangers and now owns the 'majority' of the club.

Formula 1's 80 year old chief executive has confirmed that he has increased his stake to 62 per cent, at the same time ending the involvement in QPR of Briatore, who has been a controversial figure, particularly with the fans. Briatore is believed to now own just a nominal shareholding.

'I haven't bought the club to see my name in the papers,' Ecclestone is quoted as saying, 'I have bought it to support Neil (Warnock). Neil tells us how to kick the ball and now our aim is the Premier League.' He added rather sensibly 'I am not thinking about competing with Manchester United or Arsenal. It is just something that I enjoy doing and we will just see what happens.'

There is as yet no news as to how this latest situation will affect the positions of Ishan Saksena, Chairman of QPR Holdings, the parent company or of Amit Bhatia, the vice-chairman, who are both very much associated with Indian steel magnate Lakshmi Mittal, who owns the majority of the remaining shares in the club.

Chairman of the football club Gianni Paladini was responsible for involving Briatore in the first place and is seen as a Briatore man, but the hope is that in recognising Warnock's role, Ecclestone also sees the need to maintain the stability in the boardroom.

Having just suffered their first defeat in 20 games, the club are still four points clear at the top of the Championship with a game in hand over their rivals. The stability and success on the pitch has masked rumblings and apparent jostling for position off the pitch, with the prospect of Premier League football next season increasing interest in ownership. Force India and Kingfisher brewery owner Vijay Mallya, who has connections with both Briatore and Mittal, was thought to be bidding for both Ecclestone and Briatore's shares as recently as October. It appears his advances were not welcomed, and that Ecclestone`s interest has been somewhat rekindled, although he is still not a regular visitor to matches at Loftus Road.

For the club, at the moment, the relationship between Ecclestone and Mittal and his men remains a key factor in the future prospects. Rumours of a bid for the land where BBC Broadcasting house stands, a few hundred yards from the current stadium, has fuelled talk of expansion and a stadium with a larger capacity than the current 18,000 seats.

For the fans, long used to frequent changes and frustrations, the vital issue of board interference with the manager and the team, at least, seems to have been put to bed, and the future on the pitch continues to look rosy.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



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

Writer:daxvondrac
Date:Friday December 17 2010
Time: 1:05PM

Best of Vital Network

Comments

0
Interesting stuff, lord knows what'll happen next!
Boxer
17/12/2010 13:09:00
0
Smart move by Ecclestone; he knows how to make money and he also knows that all you need to do is spend a bit in the Jan window to secure a PL place...should be exciting times for you now!
Spursex
17/12/2010 13:48:00
0
Just confirmed on Sky Sports News - wow!
sandydl
17/12/2010 15:57:00
Page 1/1
  1. 1

Login to post a comment

Recent Queens Park Rangers Articles

QPR - FL Dates 2016/17 (23/5/16)

The Football League have released the key dates for the coming 2016/17 season.

Who Will QPR Face In 2016/17 (22/5/16)

With no matches remaining in the regular 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Wholescale League Changes For QPR?

The Football League have confirmed that Queens Park Rangers have received a 'discussion document' that details proposed major changes to the make up of the game in this country.

A New Season - New Rules For QPR

With the curtain almost drawn on the 2015/16 campaign, with a handful of Play Off games to go and most looking towards the European Championships in France...

Archived Vital QPR Articles

Vital QPR articles from
As featured on NewsNow: Real Madrid news
Real Madrid News 24/7  

Site Journalists

Boxer
Editor email
Profile
sandydl
no email
Profile
Superhoop50
no email
Profile
danielqpr
no email
Profile
JackSupple
no email
Profile

Current Poll (see more polls)

MotM v Bristol City
Suggested By:
Ingram14%
Onuoha1%
Hall0%
Hill11%
Kpekawa1%
Gladwin0%
Henry14%
Faurlin57%
El-Khayati0%
Chery1%
Washington1%
Hoilett0%
Petrasso0%
Polter0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Latest F1 News
Latest Vital Boxing News

Recent Queens Park Rangers Results (view all)

Queens Park Rangers Fixtures (view all)

Vital Members League Table

RankNamePoints
1.QPR4Me15
2.Superhoop506
3.DMD_QPR4
4.jezza993
5.jdqpr18823
6.dustman3
7.silvertrowel2
8.rodneeranger2
9.Clarets R Mad2
10.cartouche2