Post by skilbeck on Sept 4, 2007 2:53:45 GMT 10
from afp.google.com/article/ALeqM5jZedb3YM8z1psydImgQ0rJNsrzdg
Briatore, Ecclestone to pay 14m pounds for QPR takeover
4 hours ago
LONDON (AFP) — Details of Flavio Briatore and Bernie Ecclestone's 14 million pound (20 million euros) takeover of Queen Parks Rangers were released on Monday.
The Formula One duo will pay one million pounds for the club's shares, and 13 million to clear QPR's debts, with a further 5 million available to invest in new players.
Confirmation of the takeover by Renault chief Briatore and F1 supremo Ecclestone was released in a club statement prior to the kick-off of their home game with Southampton on Saturday.
Briatore, who took his place in the stands for QPR's 3-0 defeat, said: "We are fully aware of the history of QPR and the loyal fan base that it has, we are therefore totally committed to bringing future success back to the club.
"Gianni (Paladani, the club chairman), Bernie and I are all determined to see the Club return to the Premiership within the next four years."
Bernie and Flavio are good businessmen they will achieve this goal. Its funny seeing elements of my top 2 favorite sports combining. although not really a fan of either Flavio or QPR.
Briatore, Ecclestone to pay 14m pounds for QPR takeover
4 hours ago
LONDON (AFP) — Details of Flavio Briatore and Bernie Ecclestone's 14 million pound (20 million euros) takeover of Queen Parks Rangers were released on Monday.
The Formula One duo will pay one million pounds for the club's shares, and 13 million to clear QPR's debts, with a further 5 million available to invest in new players.
Confirmation of the takeover by Renault chief Briatore and F1 supremo Ecclestone was released in a club statement prior to the kick-off of their home game with Southampton on Saturday.
Briatore, who took his place in the stands for QPR's 3-0 defeat, said: "We are fully aware of the history of QPR and the loyal fan base that it has, we are therefore totally committed to bringing future success back to the club.
"Gianni (Paladani, the club chairman), Bernie and I are all determined to see the Club return to the Premiership within the next four years."
Bernie and Flavio are good businessmen they will achieve this goal. Its funny seeing elements of my top 2 favorite sports combining. although not really a fan of either Flavio or QPR.
