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Tony Fernandes On Brink Of £100m QPR Takeover

Loftus Road club set for new owner.

Queens Park Rangers are on the verge of a mega money takeover by Asian businessman Tony Fernandes.

Bernie Eccleston and Flavio Briatore want to sell their 33% stake in the west London club with the former being quoted as saying QPR is for sale at £100million.

If the deal goes through it is not yet clear if Ecclestone will sell all his 66% holding in the team and whether Briatore will retain his 1% stake.

But their relationship with co-owner Lakshmi Mitta and his son-in-law, Amit Bhatia, is strained and it is thought Ecclestone is likely to sell all his shares.

The financial details of the takeover are still unknown.

Bhatia, who resigned as chairman in May in protest at ticket-price hikes and the direction the club was taking is likely to return to the board if Fernandes is successful in his attempt to take control.

A source close to the Air Asia and Team Lotus team owner told Observer Sport the deal will be complete by tomorrow:

“Until the deal is done [it] is not done. But we are hopeful that by Monday it could be complete. It will involve Tony buying into the club and taking charge alongside Mittal.”

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More Stories Bernie Ecclestone flavio briatore Lakshmi Mittal Queens Park Rangers FC Tony Fernandes