QPR Takeover Update

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Today's Daily Mail says Bernie Ecclestone is involved. (Dave McIntyre's article yesterday spoke of 'Three new companies will now similarly own a majority stake as part of the takeover agreement." Yesterday's BBC reported "Briatore may be set to be part of the QPR takeover
QPR's board of directors have resigned ahead of an expected takeover by a group that includes Renault Formula One team boss Flavio Briatore. "


Daily Mail - QPR Takeover is Near - 20th August 2007
Bernie Ecclestone's takeover of Queens Park Rangers moved a step nearer on Monday when the board of directors of QPR Holdings Ltd resigned from their posts, claiming that major new investment was imminent.
As the Formula One chief and Renault team boss Flavio Briatore prepared to complete a joint £22million deal for the Championship club, as first revealed in Sportsmail, outgoing board members Nick De Marco, James Ferrary and Kevin Steele issued a statement saying: 'We believe the new investment coming into the club will be the most important for years.
'It will save QPR from the perilous financial position we have found ourselves in and put the club in an excellent position to move forward.' Daily Mail

DAILY MIRROR - Briatore's QPR wow - By Lee West 21/08/2007
Qpr fans have reacted with delight to the news that Formula One supremo Bernie Ecclestone and Renault boss Flavio Briatore are on the verge of investing in the Loftus Road club.
The entire board of QPR Holdings Ltd - who have been financing the club - resigned yesterday, claiming that 'major investment is imminent', with Ecclestone and Briatore set to hand boss John Gregory a transfer war-chest running into millions of pounds.
Paul Finney, from QPR Independent R's Supporters Club, said: "This is superb news. It amounts to a new start for the club and it means that the fans could finally get the club we deserve. Mirror

See Also: Dave McIntyre's article with additional information re Takeover from yesterday. Also Yesterday's Statement on the QPR Official Site re Board Resignations