Home » EPL, Latest » QPR owners put club up for £100m sale

London-based investment bank Seymour Pierce has been secretly recruited to find a buyer for QPR.

The newly promoted ­Premier League club is up for sale for £100m because main shareholders Bernie Ecclestone and Flavio ­Briatore are anxious to ­depart Loftus Road.

The duo have been at war with the club’s other shareholder, Lakshmi Mittal, who has failed with two bids to buy the Formula One tycoons’ 67 per cent shareholding in the club.

Ecclestone and Briatore were initially approached by Keith Harris from ­Seymour Pierce who claimed he could find a buyer for their shares.

The uneasy relationship between the Formula One pair and Mittal became untenable in May when Amit Bhatia, the son-in-law of Mittal, resigned as the club’s vice-chairman after the first failed bid to buy out the duo’s shares.

Bhatia also condemned the pair for removing the QPR Holdings chairman, Ishan Saksena, from his position, and for their ­decision to implement a 40 per cent rise in season ­ticket prices.

The departure of Bhatia and Saksena, two of ­manager Neil Warnock’s staunchest allies on the board, casts doubt over his future.

Source: Mirror

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