UK time is: 21:48:17
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The journalist

Writer: daxvondrac Mail feedback, articles or suggestions

Date:Friday December 17 2010

Time: 1:05PM

Your Comments

Interesting stuff, lord knows what'll happen next!
Boxer
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
Just confirmed on Sky Sports News - wow!
sandydl
 

Have Your Say

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

Recent Queens Park Rangers Articles

Sissoko Sends QPR Bottom (Saturday November 22 2014)

Newcastle United v QPR - Match Preview (Friday November 21 2014)

One to Watch - Ayoze Perez (Friday November 21 2014)

Charlie Closing On England Spot (Saturday November 8 2014)

One to Watch - Sergio Aguero (Friday November 7 2014)

QPR v Manchester City - Match Preview (Friday November 7 2014)

Spirited QPR Edged Out (Saturday November 1 2014)

Stats: Chelsea v QPR (Saturday November 1 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. QPR4Me 29
2. dustman 14
3. Superhoop50 14
4. The Uncredibale Hulk 14
5. DMD_QPR 9
6. sandydl 8
7. jdqpr1882 6
8. rodneeranger 6
9. danielqpr 5
10. jezza99 5

League Results (view all)

Latest Results
Newcastle 1 - 0 Q.P.R.
Q.P.R. 2 - 2 Man City
Chelsea 2 - 1 Q.P.R.
Q.P.R. 2 - 0 Aston Villa
Q.P.R. 2 - 3 Liverpool
West Ham 2 - 0 Q.P.R.

League Table (view table)

Team P W D L GD Pts
14. Sunderland 12 2 7 3 -7 13
15. Crystal Palace 12 3 3 6 -4 12
16. Aston Villa 12 3 3 6 -11 12
17. Hull City 12 2 5 5 -3 11
18. Leicester City 12 2 4 6 -7 10
19. Burnley 12 2 4 6 -12 10
20. Q.P.R. 12 2 2 8 -12 8

Breaking League News

Perfect blues please boss
Everton : 27/11/2014 21:23:00
Pre-Match Stats: Swansea vs Crystal Palace
Swansea : 27/11/2014 21:08:00
Everton : 27/11/2014 21:00:00
Swansea Team A vs Team B: Who Would Win!?
Swansea : 27/11/2014 20:34:00
Monk Hopes 'Versatility' Will Help Overcome Palace
Swansea : 27/11/2014 20:19:00

Current Site Poll (view all polls)

Where do QPR need to strengthen most?
Suggested By:  Boxer
Goalkeeper 7%
Defender 22%
Midfielder 7%
Forward 64%