Flavio Briatore stalls over QPR sale

[MYU]

FORMER QPR chairman Flavio Briatore is ready to ditch the sale of his 70 percent stake in the Championship leaders – and reap the riches of a return to the Premiership instead.



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[Ric-Roc]

I said this months ago MYU, why would the man sell up when we are cruising towards an absolute jackpot to which he is entitled a hefty sum!!

No brainer. Never mind just want us to go up. Might be good to still have him on board but not actually getting involved.

[Morris]

Can't blame him.

[CobhamR]

Where's SirLes? You were very adamant FB and BE didn't own 70% when I told you over a month ago - what's your story now?

[Ric-Roc]

Where's SirLes? You were very adamant FB and BE didn't own 70% when I told you over a month ago - what's your story now?

To be fair Cobham I wouldn't of thought it was a combined 70% I'd take a guess at nearer 45%.

[qprjames]

Sure Mittal was the majority shareholder?

The plot thickens. Not exactly what we wan't at the moment either.

[G.T.P]

said in the press that fav and bernie are pumping in 500k a month each to keep us up and running and on the road to the prem.
can never #### off that, EVER.

[qblockpete]

Morris,

I agree. I think he has learn't alot over the years at the club, okay supporters don't like him and I can see why too, but he is ploughing money in along with the other shareholders and it makes perfect business to reap the rewards and sell on when/if we are in the premiership. As long he allows Amit and Ishan to get on with the day to day running of the club and never interfere with Warnock, then I don't think supporters have a problem with it.

[MYU]

I said this months ago MYU, why would the man sell up when we are cruising towards an absolute jackpot to which he is entitled a hefty sum!!

No brainer. Never mind just want us to go up. Might be good to still have him on board but not actually getting involved.

I agree with you 100% and think if things stay as they are with him not having to much say, we could end up doing well.

Flavio has contacts and if they can be used in the correct way we could end up seeing some good players at QPR, this could also attract new following as long as Neil has the final say.

70% stake?

[SirLes]

Where's SirLes? You were very adamant FB and BE didn't own 70% when I told you over a month ago - what's your story now?

Here I am and here's a quote from Flav;

""I didn't walk away, I just decided to step down as chairman because, being honest, I didn't have the time. But I still hold my 20 percent shares,"

Of course if you'd rather believe the Uxbridge Gazette, you're welcome to.

Oh and this;

"The pair completed their £14 million takeover in November, spending £690,000 to acquire their 69 per cent majority stake in the club. Ecclestone spent £150,000 on his 15 per cent, while Briatore, through his British Virgin Islands registered company, Sarita Capital, bought 54 per cent for £540,000. He has since sold on 20 per cent of his stake to Mittal."

70% my ####.

[qprjames]

Morris,

I agree. I think he has learn't alot over the years at the club, okay supporters don't like him and I can see why too, but he is ploughing money in along with the other shareholders and it makes perfect business to reap the rewards and sell on when/if we are in the premiership. As long he allows Amit and Ishan to get on with the day to day running of the club and never interfere with Warnock, then I don't think supporters have a problem with it.

I agree with that but..... I dont think Briatore will be prepared to make money available in the trasnfer window. Especially when we get to the prem, I cant see him putting millions aside to make sure we stay up.

I would much rather have Mallaya who has better wealth behind him. Anyway, what happened to the Mittals being majority shareholders?

[SirLes]

oh and let me just add;

"Another 31 per cent of smaller shareholders turned down the Briatore and Ecclestone offer of 1p a share, choosing to hold on to their stake, perhaps sensing even greater profits in the future"

[qprjames]

Here I am and here's a quote from Flav;

""I didn't walk away, I just decided to step down as chairman because, being honest, I didn't have the time. But I still hold my 20 percent shares,"

Of course if you'd rather believe the Uxbridge Gazette, you're welcome to.

Oh and this;

"The pair completed their £14 million takeover in November, spending £690,000 to acquire their 69 per cent majority stake in the club. Ecclestone spent £150,000 on his 15 per cent, while Briatore, through his British Virgin Islands registered company, Sarita Capital, bought 54 per cent for £540,000. He has since sold on 20 per cent of his stake to Mittal."

70% my ####.

Just my thinking. Figures aren't making sense. Im sure Mittals are majority shareholders

[Nodge70]

70% is way off.

Briatore will still sell - the haggling is over how much and the ownership of the ground/Sarita.

From his perspective, rightly given our current position and potential, Briatore values the club and the land, significantly higher than Mallya does.

This is a well timed deliberate leak IMO - designed to give negotiations another kick.

[qblockpete]

truth is we were never told how much The Mittals increased too and in fact it was all a bit cagey. For all we know, could have been a board meeting to agree for Flavio to take a back seat and let others run the show.

As long as this does not interfere with the clubs progress, it seems to be working well.