Mittal to increase shareholding?

[leewads]

It's a possibility according to the FT

http://www.ft.com/cms/s/0/36f1edde-7db5-11e0-b418-00144feabdc0,s01=1.html#axzz1MJfsKiMY

[Del]

Link onbly available to registered FT members. Would be icing on the cake though if the Mitttals took majority control.

[qblockpete]

Dazzer lets us know first earlier in the week.

From what I am hearing he was spot on.

Mittal is close to Bernies shares, Flavio though holding out.

[W12_Ranger]

Doubt Flavio would want to sell, he'll want to large it in the PL and think of all the social and business networking opportunities available to him.

[Del]

Doubt Flavio would want to sell, he'll want to large it in the PL and think of all the social and business networking opportunities available to him.

Not to mention women....

[W12_Ranger]

Not to mention women....

Its why he is involved in the first place, I don't expect him to walk away

[Stanley]

Anyone know roughly what Flavio's current stake is?...

[Olly]

Zero I think. but bernie can't sell the shares without FB's sayso. Remember when FB's boat got impounded by italian tax people, I think he was forced to sell his shares to bernie to pay his tax bill.

[W12_Ranger]

I thought he still owned about 10%?

[W12_Ranger]

Steel baron Lakshmi Mittal is weighing up whether to boost his shareholding in west London football club Queens Park Rangers, which has just won promotion to the Premier League.

The chairman and main owner of ArcelorMittal told the Financial Times that he was “thinking about” whether to take up the option of buying more shares from Bernie Ecclestone, the Formula One supremo, who owns 62 per cent of the club.

Mr Mittal – with a 33 per cent stake – is an obvious contender to take up any of the shareholding Mr Ecclestone decides to offload. But “I haven’t talked to Bernie about this [the possibility of the change of ownership],” he said.

Mr Mittal takes a back seat in running the club – although this did not stop him being serenaded by celebrating fans at the team’s final home game last Saturday.

He leaves QPR matters to Amit Bhatia, his son-in-law and the club’s vice-chairman. Mr Mittal was persuaded to take an initial 20 per cent stake in 2007 by Mr Ecclestone and Flavio Briatore, the former team principal of Renault F1. He has always stressed that he has never intended to be a long-term shareholder let alone take over the majority stake.

However, it is highly unlikely that Mr Mittal would want to cut his share at such a successful moment in the club’s history. Also, as a keen football fan – who has fond memories of playing the sport as a child in India – Mr Mittal could easily be open to the challenge of being the lead shareholder.

Looking ahead to next season, Mr Mittal said the priority was “to stay in the division and make progress”. He said that the club needed “at least two seasons of stability [in the Premiership]” as a prelude to what he hopes will be a long spell in England’s top league.

[qblockpete]

Can go either way this week

[qprjames]

Can go either way this week

Do you think we (the fans) will know the outcome this week?

[Sprocket]

Your opinion pete? Will it happen? Full control?

Won't hold you to it

[LoftusRoadLad]

If he got full control that would be the icing on the cake following a fantastic season.

[Dazzer1977]

As I said we should know within 3 weeks. Any longer and I reckon QPR will be sold someone else e.g. not the Mittal's.