Football club QPR says in possible buyout talks
24/08/2007 |
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English second-division football club Queens Park Rangers said on Friday it was in talks with a number of parties that could lead to a takeover bid, potentially joining a list of British clubs changing ownership.
"The board of QPR announces that it is engaged in discussions with a number of parties that may or may not lead to an offer being made for the entire issued share capital of the company," it said in a statement.
Club Chairman Gianni Paladini told Britain's The Sun newspaper last week that Flavio Briatore, who runs the Renault Formula One team, was set to become the new owner of the 125-year London old club.
Billionaire Briatore would wipe out QPR's debt of 17 million pounds and invest an extra 100 million pounds over the three years, the paper said.
A QPR spokesman declined to give any further information, and Briatore was not immediately available for comment.
Charlton Athletic said earlier in August it was up for sale, while Manchester City was recently bought by ousted Thai Prime Minister Thaksin Shinawatra, and Newcastle United by reclusive British retail tycoon Mike Ashley.
Among Premier League clubs, only Arsenal, Tottenham Hotspur and Birmingham City are still listed on public stock exchanges, though takeover rumours surround all three.
(Source: Reuters.co.uk)
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