Mittals want Saksena on the board

[singingranger]

Stanley that's the point exactly, we can be the difference here and history shows we don't take stuff without a fight! If we are united we can win this war!

[QPROslo]

Mittal with one seat in the board

Majority shareholders can block the appointment to the board if they so require. If, as reported, Saksena was dismissed, I can't see why Ecclestone and Briatore would acquiesce to this appointment now.

I would suppose the three owners have a shareholders agreement giving Mittal one seat in the board - few 33% shareholders would want anything less.

[stainrod10]

We still don't know on what grounds he was dismissed. Surely there must be a reason?

[singingranger]

Good point Stainrod I think we are owed answers on many topics, we should deman answers

[Connell10]

Probadly sacked because bernie didnt like him or palladini thought he was after his job, who knows with rangers at the moment!!!!!

[stanistheman]

It also says that BE was offered £50M for his shares. How much profit would that have given him? Surely it would have been a lot more than he has out into a club he has no real love for. He is a shrewd businessman, so how much does he think a club with no real history of success, a poor old small ground, in the shadow of bigger London clubs, with huge debts, is worth, He can't seriously think QPR is worth £100M.

He would be wise to take the £50M and go, because unless he is willing to spend a lot of money on assembling a good PL squad and building a new stadium, I don't see how he will make money on his investment.

In fact, if they don't spend big, QPR may well end up getting relegated and the value of the club will plummet again as it did in 1996 when the club was sold for about £6M.

[rangerforevereastcote]

as 67% shareholders they can do as they please, even if amits man on board they will hae th emajority vote, bernie will say 50 not enough cos thye have pumped in nearly that over 3 years in loans to club, so curious if the 50 mill offer on top of the outstanding loans or including them

[bobby]

50 million is a derisory offer.
Mittal spent that on his daughters wedding.
And he bought his house in Kensington off Bernie for £84 million.

That is the equivalent of any of us trying to buy QPR for what we paid for our kids wedding or our house.

If he really wants the club he can buy it.
100 million is probably cheap.
It is pocket money for either party.

And maybe the BBC land is part of the equation.

This is a private game between billionaires.

Whover has complete control it dont matter.

Both parties are winners.
And both are ruthless.

Unless they both pull out we are in the Big Time.
But our little corner shop is now becoming a supermarket.

But very tough on non rich fans with kids.
Those price rises are draconian.

[qblockpete]

Bobby Great POst

End of the day Amit/Mittal were minority shareholders last season so could not possibly be solely responsible for our success last season.

of course we cannot underestimate the input, but majority shareholders make the final decisions in any business.

These are very rich people proven in business.

Still think Amit/Mittal partnership is more supporter friendly simply by perception and the way they act to supporters, but reality is last season we gained promotion from alot of financial support from Bernie Ecclestone whether we like it or not

[waterbuffalo]

This is going to wobble about for a few weeks. I can still see the Mittal owning the club come the start of the season. This is boardroom chess!

Mittals want to buy low
Bernie and Orangina want to sell high,
there's 3 months to find a price both sides are satisfied with.
Ecclestone and Briartore have every right to play hard ball. It could
even take the whole season, or until Jan, Bernie knows if we are rock bottom at Christmas the value of the club declines, so do the Mittals.

[waterbuffalo]

50 million is a derisory offer.
Mittal spent that on his daughters wedding.
And he bought his house in Kensington off Bernie for £84 million.---bobby
Yup, and when you consider Torres cost Chelsea 50 million, that kind of puts it in perspective

[singingranger]

Bobby he could buy Newcastle for around 70m are you living in the clouds! Why should he buy Qpr for more than Newcastle ?because you think so! A bigger club, much bigger fan base much bigger sponsorship potential and a stronger squad!

[Yousef]

Whatever is happening at the board, all I want is it does not affect our preparation for the return to the Premier League and that money is available to buy the players Wrnock needs.

[bobby]

The same reason he didn`t buy a house in Newcastle.
He bought a house in Kensington..
It is about LOCATION
£84 million for a house in West London.
£84 for a house in Newcastle.

Exaggerated to prove the point obviously.

The money is irrelevant to these people.
Fact is QPR is now a `sexy`club`

Mittals dont want to buy it because they grew up on the White City Estate.

I should imagine Bernie felt bloody insulted at this offer.

How would you like it if someone told the newspapers they were going to buy your wife then offered £5

[kevinQPR]

Majority shareholders can block the appointment to the board if they so require. If, as reported, Saksena was dismissed, I can't see why Ecclestone and Briatore would acquiesce to this appointment now.

The way I see it is that B.E is the majority shareholder and then next come the Mittalls so where does Briatore come into it as he must only own 5% max, the decisions must surely come from eccelstone even if Briatore is the pupet master / Gang Master / Ar*ehole licker
Only 1 vote can count unless they are ganging up on the mittalls, the bubble will surely burst if there is a fallout with B.E & The Orange Man

62% from Eccelstone & 33% from the Mittalls = 95% plus other shareholders
5% from shareholders incuding Briatore
so how many shares does Briatore hold if other shareholders have shares
And is'nt he banned from owning share because of the F1 propaganda