QPR 'Queens Park Rangers Football Club' majority shareholder Bernie Ecclestone would be prepared to sell his stake in the club for £100million.
The west London outfit are poised to seal promotion to the Barclays Premier League, and Formula One racing supremo Ecclestone believes that makes them a valuable asset. However, he also said that Italian businessman Flavio Briatore, a former F1 team principal, would have first option on any sale of his 62% holding.
"If somebody bought that team today it would be a very good punt. It is probably worth £100million," Ecclestone was quoted as saying in the Guardian.
"I don't have any choice staying in or going out. Flavio would probably be the one to sell if anybody ... It is dependent on Flavio."
Ecclestone believes the Rangers board have recruited wisely and have a better squad balance than many other clubs in the npower Championship.
"You see a lot of these clubs today that are nowhere near as high in the league as we are, playing people that have fallen from the top and beating them, so there is no need to spend these fortunes," he said.
QPR was bought by Formula One tycoons and multi-millionaires Bernie Ecclestone and Flavio Briatore in a £14 million takeover in August 2007. In spending £690,000 to acquire a 69 per cent majority stake in the club, Ecclestone spent £150,000 on his 15 per cent, while Briatore bought 54 per cent for £540,000 through a British Virgin Islands registered company, Sarita Capital. In addition, Briatore and Ecclestone are believed to have promised £5 million in convertible loan facilities to help buy players and have covered £13 million of debt, in a total commitment to the club of around £20 million. On 20 December 2007, it was announced that the family of billionaire Lakshmi Mittal had purchased a 20 per cent shareholding in the club from Briatore.
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