Date:Friday July 29 2011
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.
Date:Friday July 29 2011
Chester Downs Rangers (Saturday August 16 2014)
Stats: Queens Park Rangers v Hull City (Saturday August 16 2014)
QPR v Hull - Match Preview (Friday August 15 2014)
One to Watch - Robbie Brady (Friday August 15 2014)
QPR Draw Burton Albion (Wednesday August 13 2014)
Hoddle Joins QPR (Tuesday August 12 2014)
Fans To March Demanding Fairer Prices (Tuesday August 12 2014)
Isla Arrives on Loan (Friday August 8 2014)
QPR Capture Midfielder Mutch (Tuesday August 5 2014)
Granero Joins Real Sociedad (Monday July 28 2014)
|3.||The Uncredibale Hulk||16|
|13. Crystal Palace||1||0||0||1||-1||0|
|14. Man Utd||1||0||0||1||-1||0|
|18. West Ham||1||0||0||1||-1||0|
|Santon Injury Blow
» Newcastle : 21/08/2014 23:18:00
|de Jong Expected To Make Debut
» Newcastle : 21/08/2014 23:11:00
» Hull City : 21/08/2014 21:53:00
|Hammers seek Belgian Defender
» West Ham : 21/08/2014 18:40:00
|What if we bought Pogba?
» Chelsea : 21/08/2014 18:30:00