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Friday, August 24, 2007

Briatore to Make Statement on QPR

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BBC - Briatore to make statement on QPR

Renault Formula One team boss Flavio Briatore is expected to make a statement on Friday regarding his possible takeover of QPR.
Briatore heads a group assembling a bid to take over the Championship club.

QPR's board resigned on Monday, ahead of an assumed bid for parent company QPR Holdings Limited.
A statement on QPR's website said: "The board announces it is in discussions with a number of parties which may or may not lead to an offer."
The news comes after major shareholder Antonio Caliendo and his backers agreed to sell their stake in the club. BBC