Takeover bid: Put Stability First!

Responding to media speculation about the sell of a 67 % stake in QPR Holdings to a consortium of American and Asian businessmen, the Club has issued a statement confirming that it has entered into preliminary discussions which may or may not result in an offer being made.

It would appear that these discussions relate to Bernie Eccelstone selling his 62 % stake in QPR Holdings with Flavio Briatore maybe also giving up his nominal share. In a press interview, Amit Bhatia denied that the Mittals were not part of these negotiations and did not intend to sell their 33 % stake.  He stated that, “We remain passionate about QPR and are working to achieve our immediate goal of providing Premier League football to our loyal supporters next season.”

It is interesting to note that Lakshmi Mittal made a rare appearance at Loftus Road to see us increase our lead at the top of the league.
Meanwhile accounts for the 2009-10 season revealed that the club made a pre-tax loss of £13.7m and had a net debt of £37m.
We very much regret that whilst the Club decided to confirm that negotations had taken place it did not reassure fans that any take-over would be postponed until our campaign to return to the Premiership had been resolved.

QPR1st Supporters Trust would urge both current and potential new owners to appreciate that the foundation of that success has been stability and consistency. The last thing the Club needs at this critical stage is major upheavals or disruption. This is in no ones interest, least of all the players and the fans.

Posted in All News, Boardroom

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