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Friday, August 10, 2007

QPR1st's Reported Reaction to Reported Takeover

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Sporting Life - QPR FANS WELCOME ECCLESTONE TALK

The QPR Supporters Trust believe it would be "good news" if Formula One supremo Bernie Ecclestone launched a takeover of the Coca-Cola Championship club.

A report on Friday linked Ecclestone and Flavio Briatore, who is in charge of the Renault F1 team, with a bid.
And Trust Co-ordinator Tracy Stent insists high-profile investment is needed to secure the club's future
Rangers took out a £10million loan from the Panama-based ABC Corporation to help them out of administration five years ago, an arrangement which has proved restrictive ever since.
She said: "If someone came in with a large amount of money, they would be saving the club.
"The club needs to find someone to re-finance the structure of the ABC loan. It is imperative that something is done about this.
"If these names are being mentioned, it can only be good news." Sporting Life

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