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Post by isleworthranger on Mar 4, 2011 15:17:31 GMT
www.qpr.co.uk/page/NewsDetail/0,,10373~2307889,00.html QPR Official Site - CLUB STATEMENT - Fri 04 Mar 2011 In response to recent press speculation relating the potential sale of a 67% shareholding in QPR Holdings Limited (the 'Company'), the Company confirms that it has entered into preliminary discussions, which may or may not result in an offer being made. It is emphasised that these talks are at an early stage, and that there is no certainty that an offer for the Company will be forthcoming.] DAILY MAIL
QPR confirm sale talks but vice-chairman Bhatia insists he won't sell his Loftus Road stake
By Sportsmail Reporter Updated: 10:59 EST, 4 March 2011Championship promotion hopefuls Queens Park Rangers have confirmed they have entered preliminary discussions over the prospective sale of the club. But vice-chairman Amit Bhatia, the son-in-law of Indian steel tycoon Lakshmi Mittal, insists he is not involved in the talks as he looks to retain his significant stake in the west London club. Staying power: Vice chairman Amit Bhatia wants to see the club through to the Premier League Staying power: Vice chairman Amit Bhatia wants to see the club through to the Premier League He said: 'The club has today confirmed that it has entered into preliminary discussions relating to a potential sale of shares in QPR Holdings Ltd. 'My family and I would like to make clear that we are not part of these negotiations to sell our shares. 'We remain passionate about QPR and are working to achieve our immediate goal of providing Premier League football to our loyal supporters next season.' Flying high: Neil Warnock's QPR side are top of the Championship and favourites for promotion Flying high: Neil Warnock's QPR side are top of the Championship and favourites for promotion A statement posted on the official club website, meanwhile, read: 'In response to recent press speculation relating the potential sale of a 67 per cent shareholding in QPR Holdings Limited (the 'Company'), the Company confirms that it has entered into preliminary discussions, which may or may not result in an offer being made. 'It is emphasised that these talks are at an early stage, and that there is no certainty that an offer for the Company will be forthcoming.' www.dailymail.co.uk/sport/football/article-1363046/Queens-Park-Rangers-confirm-sale-talks.html
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Post by londonranger on Mar 4, 2011 15:24:34 GMT
Thanks Isleworth.
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Post by Jon Doeman on Mar 4, 2011 15:28:39 GMT
A distraction.
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Post by Macmoish on Mar 4, 2011 15:29:46 GMT
Thanks...' Who would have thought THE SUN would have been so accurate! This is the whole QPR statement for those who don't like to click CLUB STATEMENT Posted on: Fri 04 Mar 2011 In response to recent press speculation relating the potential sale of a 67% shareholding in QPR Holdings Limited (the 'Company'), the Company confirms that it has entered into preliminary discussions, which may or may not result in an offer being made. It is emphasised that these talks are at an early stage, and that there is no certainty that an offer for the Company will be forthcoming. www.qpr.co.uk/page/NewsDetail/0,,10373~2307889,00.html
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neil
Gordon Jago
** banned user **
Posts: 895
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Post by neil on Mar 4, 2011 15:40:50 GMT
I notice some baby comments over on the watrb. FFS Bernie is getting on,he wants out and we are a more attractive proposition than Plymouth!!!!!
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Post by isleworthranger on Mar 4, 2011 15:56:14 GMT
I notice some baby comments over on the watrb. FFS Bernie is getting on,he wants out and we are a more attractive proposition than Plymouth!!!!! The Bertie Smalls of the interner forums
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Post by Jon Doeman on Mar 4, 2011 16:04:03 GMT
From Dave Mc on Twitter.
Quote: Just circulated story with Amit Bhatia quotes reaffirming commitment to QPR - no desire to sell shares.
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Post by maudesfishnchips on Mar 4, 2011 16:08:32 GMT
it's just one big F*CKING PARTY with Qpr.
I've had enough.
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eskey8
Dave Sexton
www.cycle2austria.com
Posts: 2,274
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Post by eskey8 on Mar 4, 2011 16:16:59 GMT
Maybe Bernie/flab's way of telling the Mittals now's your chance to buy?
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Post by Hogan on Mar 4, 2011 16:20:53 GMT
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eskey8
Dave Sexton
www.cycle2austria.com
Posts: 2,274
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Post by eskey8 on Mar 4, 2011 16:34:27 GMT
Why now? Why do it? Why risk unsettling everyone at the club at the most crucial point in our recent history? I don't get it.
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Post by isleworthranger on Mar 4, 2011 16:41:35 GMT
Why now? Why do it? Why risk unsettling everyone at the club at the most crucial point in our recent history? I don't get it. I think though I`m not 100% sure that if a company express`s an interest in buying out another then this has to be made public knowledge especially if it is a PLC Someone with more brains then me will I`m sure be able to clarify that
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Post by Hogan on Mar 4, 2011 16:49:23 GMT
I believe this to to be true and also that any potential buyer wishing to purchase more than 29.9% of the share has to offer to buy all the shares. This being the case it can only good that Amit and family are staying put, probably meaning that they know the potential incumbant/s very well and believe they can work well together.
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Post by calders on Mar 4, 2011 16:58:19 GMT
Why now? Why do it? Why risk unsettling everyone at the club at the most crucial point in our recent history? I don't get it. I think though I`m not 100% sure that if a company express`s an interest in buying out another then this has to be made public knowledge especially if it is a PLC Someone with more brains then me will I`m sure be able to clarify that[/b] someone give finney a shout will they.
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Post by Markqpr on Mar 4, 2011 17:24:04 GMT
I think though I`m not 100% sure that if a company express`s an interest in buying out another then this has to be made public knowledge especially if it is a PLC Someone with more brains then me will I`m sure be able to clarify that[/b] someone give finney a shout will they.[/quote] Don't need Finney specifically, that could be almost anyone.
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qprdad
Dave Mangnall
Posts: 113
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Post by qprdad on Mar 4, 2011 17:24:39 GMT
Why now? Why do it? Why risk unsettling everyone at the club at the most crucial point in our recent history? I don't get it. I think though I`m not 100% sure that if a company express`s an interest in buying out another then this has to be made public knowledge especially if it is a PLC Someone with more brains then me will I`m sure be able to clarify that Not so, rules such as this only apply to companies quoted on a recognised stock exchange... e.g. you can't go around mopping up 5% shareholdings here and there without saying you're doing it. QPR are privately owned, so no such disclosure ever needs to be made.
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Post by Macmoish on Mar 4, 2011 17:25:08 GMT
The obvious question: Why's Bhatia/Mittal not buying the shares?
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qprdad
Dave Mangnall
Posts: 113
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Post by qprdad on Mar 4, 2011 17:27:39 GMT
The obvious question: Why's Bhatia/Mittal not buying the shares? ........ and who's selling what %ages.... Bernie and Flavio, or just Bernie?
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Post by klr on Mar 4, 2011 17:30:20 GMT
Wow, dont know what to make of this, typical QPR really.
Smoke & Mirrors sums this lot up & even thats a wild guess!
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Post by Macmoish on Mar 4, 2011 17:42:02 GMT
Also Bhatia committed to QPR Vice-chairman Amit Bhatia has reaffirmed his commitment to QPR after the club issued a statement admitting they would consider a sale. The npower Championship leaders have responded to press speculation by confirming that they have entered into "preliminary discussions" with a view to a 67% sale of QPR Holdings Limited. "In response to recent press speculation relating the potential sale of a 67% shareholding in QPR Holdings Limited (the 'Company'), the Company confirms that it has entered into preliminary discussions, which may or may not result in an offer being made," read the statement. "It is emphasised that these talks are at an early stage, and that there is no certainty that an offer for the Company will be forthcoming." Yet Bhatia, who joined the board of directors at Loftus Road in December 2007, has no intention of selling his shares and said: "The club has confirmed that it has entered into preliminary discussions relating to a potential sale of shares in QPR Holdings Ltd. "My family and I would like to make clear that we are not part of these negotiations to sell our shares. "We remain passionate about QPR and are working to achieve our immediate goal of providing Premier League football to our loyal supporters next season." Copyright PA Sport 2011, All Rights Reserved www.gainsboroughstandard.co.uk/news/bhatia_committed_to_qpr_1_3146902
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Post by Macmoish on Mar 4, 2011 17:42:34 GMT
The fact that Bhatia has issued this statement speaks volumes, I think.
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Post by Macmoish on Mar 4, 2011 17:45:11 GMT
BBC (Don't know if this is Dave McIntyre)
QPR in talks with potential buyer for club stake Queens Park Rangers says it is in talks with a potential buyer for a majority stake in the club. In a statement, the club said it had entered into "preliminary discussions" with a view to a 67% sale of QPR Holdings Limited. However, it said that the talks "may or may not result in an offer being made" for the west London club. It comes as it was revealed this week that QPR Holdings lost £13.7m in the year to 31 May 2010. Top flight The accounts also showed that group turnover, and average matchday revenues were down during the 2009-10 period on the previous year. As a result the club said it was now continuing to "look to reduce costs across all areas of the business in order to improve the group's loss-making position". In the accounts vice-chairman Amit Bhatia states: "As the club's owners have emphasised previously, the key measure of the club's success is on-pitch performance, and a critical driver of any club's value is presence in the Premier League, which is the stated aim of the current ownership." At present the team are top of the Championship and appear to have an excellent chance of returning to the top flight. 'Passionate' On Friday, Mr Bhatia, who joined the board three years ago, reiterated the Premier League ambitions, and said his family was not selling its shares in the club. Mr Bhatia is the son-in-law of one of the world's richest men, Indian tycoon Lakshmi Mittal. "The club has today confirmed that it has entered into preliminary discussions relating to a potential sale of shares in QPR Holdings Ltd," said Mr Bhatia. "My family and I would like to make clear that we are not part of these negotiations to sell our shares. "We remain passionate about QPR and are working to achieve our immediate goal of providing Premier League football to our loyal supporters next season." The club has also emphasised that the talks are at an early stage, and that there is no certainty that an offer for the shares will be forthcoming. www.bbc.co.uk/news/business-12650324
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Post by maudesfishnchips on Mar 4, 2011 17:45:50 GMT
do you think Bhatia and family are in negotiations to buy?
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Post by blogandhwitehoops on Mar 4, 2011 17:47:10 GMT
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Post by Macmoish on Mar 4, 2011 17:59:30 GMT
Very nice (even if I might disagree slightly at least in one area!)
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Post by Bushman on Mar 4, 2011 18:01:53 GMT
Anyone getting a whiff of Kingfisher.
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Post by Macmoish on Mar 4, 2011 18:05:25 GMT
Except the Bhatia statement (which can definitely be viewed various ways) didn't sound positively welcoming to new buyer. Just that he wasnt leaving.
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Post by canadaranger on Mar 4, 2011 18:20:43 GMT
I like Bhatia's commitment and statement. Very professional. I very much hope it is him or his family that wants the controlling interest.
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Post by klr on Mar 4, 2011 19:54:20 GMT
Anyone getting a whiff of Kingfisher. Thats what I thought & think it would potentially be a good scenario for us.
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Post by 0hwestlondon on Mar 4, 2011 20:14:38 GMT
i dont think we needed to find this out, id rather have not known now i think about it, this should have been put on hold untill the end of the season, unless the loans are being called in and they want to see if they can be paid off through the sale of the shares, because this money has now been hanging round our necks for a long time, why wasnt it paid off when the club was bought? as is normal mystery and rumor surrounds shepherds bush.
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