UK time is: 14:13:02
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

QPR in Takeover Talks

MAJORITY shareholders Bernie Ecclestone and Flavio Briatore look set to sell their stake in the club after it was announced the pair are in preliminary takeover discussions with an unnamed buyer.

The details of the takeover remain vague but qpr.co.uk stated yesterday, 'On 4th March 2011 the Company (QPR Holdings Limited) announced that it was in preliminary discussions with a potential purchaser.'

'At the time the Takeover Panel confirmed that should those discussions result in an offer being made for the Company, the offer would be subject to the City Code on Takeovers and Mergers (the Code), even if such an offer was made after 2nd April 2011, being the date on which the Company ceased to be to the Code, due to it being de-listed 10 years previously.'

'The Company confirms that these discussions came to an end in March 2011.'

'Since the end of these discussions, the Company has entered into preliminary discussions with a different party and can confirm that these discussions and any subsequent transaction would not be subject to the Code.'

'Accordingly the Company confirms that it is no longer in an offer period for the purposes of the Code.'

'We will be making no further comment at this stage.'

Prior to this statement, Ecclestone hinted in March he might be interested in selling his 69 per cent stake for 100million. The club entered into talks with an unnamed group, but those talks broke down.

Hopefully the latest discussions have a positive conclusion and the club can move forward on and off the field.




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: JackSupple Mail feedback, articles or suggestions

Date:Friday July 29 2011

Time: 10:00AM

 

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 28
2. dustman 14
3. Superhoop50 14
4. The Uncredibale Hulk 13
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

VfL Wolfsburg V Everton Match Preview
Everton : 27/11/2014 13:00:00
Everton braced for January raid
Everton : 27/11/2014 10:23:00
Injuries Continue To Mount Up For The Gunners
Arsenal : 27/11/2014 10:20:00
Arsenal : 27/11/2014 10:07:00
Liverpool: Rodgers Praises 'Exceptional' Character
Liverpool : 27/11/2014 09:24:00

Current Site Poll (view all polls)

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