Formula 1 chief Bernie Ecclestone and Renault F1 boss Flavio Briatore have agreed a deal to buy a majority stake in QPR, the BBC understands. Major shareholder Antonio Caliendo and his backers have agreed to sell their shares in the Championship club. Briatore heads a group which had been talking over a plan to inject new funds to secure the club finances. QPR's board resigned on Monday 20 August ahead of an assumed bid for parent company QPR Holdings Limited. Another club coming into a lot of money
*******s. I'm sick of business types bankrolling clubs. Imagine how filthy rich QPR will get?? At least he's English mind.
Another point is that with business dealings together, does this not raise the question of impartiality in F1?
dont know where i heard this but they will sell the ground for redevelopment and relocate elsewhere. i suppose the team wont change drastically until jan - if they do actually bankroll a load of players that is. but yes they are lucky having loads of money
I believe those two actually thought up and run the GP2 series together and have a long standing working partneship. Does seems a bit weird to me! Aren't they both known for being tight gits though? might not be as good for QPR as they think, or at least I hope not because they have serious money!
The real problem for me is the selling of the grounds. Land isn't cheap in this country, and as most football grounds preceded much of the development around them they are an enormous asset, and the danger is that Americans and Russians storm in looking for a quick £10m and sod off again, destroying the club. If they make QPR comfortable then I have no problem, its if they go handing out millions and millions that makes me worried. At the moment all the big money teams (nearly) are in the Premiership. If championship teams start to get big money backers (which I fear has started already), they the rest of the clubs will need them just to stay competitive. The knock on effect is scary.
About a year ago there was talk of them building a new staduim in the White City complex under construction across from the BBC
I worry there's going to be too many teams with the money and not enough places for them in the Prem. The backers will pull out if they are not in the top flight and teams will be left with no money and players on big money. There will be more and more teams going bust. Look at Leeds, think of the trouble Chelski would be in now if Roman pulled out. Wet Spam are heading the same way.
I am concerned about West Ham, they are spending heavily and realistically they don't look too good on the pitch.
I'm not sure how rich QPR will get from this. It's well known that Ecclestone really covets Arsenal so he's just doing this to prove to a hostile Gunners board he knows what he's doing. *****ing millions of pounds at QPR is unlikely to do that. Meanwhile Briatore is 'only' worth £70m, so he won't be desperate to invest too much in a sport he doesn't give two tosses about. Apparently the Loftus Road site is only worth £24m due to convenants outstanding on the site which limit the number of houses that could be building in it's wake. However, the move to the BBC site Dougy mentioned does seem likely regardless. Anyway, QPR have no chance of being anything which they have that clown Gregory in charge :]] Don't forget that if you added up the combined worth of our shareholders you'd get a very big figure cos of Ashcroft. Doesn't mean anything drastic will happen.
