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Post by harlowranger on May 20, 2011 22:55:34 GMT
Mittal in QPR bid on Monday By BEN HUNT  Published: 21 May 2011 Add a comment (0) LAKSHMI MITTAL will launch a bid to seize full control of QPR on Monday. The Indian steel magnate is a shareholder in the Premier League new boys. Now he wants to buy out Formula One tycoons Flavio Briatore and Bernie Ecclestone. Mittal, worth an estimated £17.5billion, has promised boss Neil Warnock a £40million transfer kitty if his bid is successful. The stumbling block could be Briatore's £100m valuation of Rangers. A source said: "Everyone here is hoping the Mittal bid is successful. "They want to see QPR prosper and may be willing to spend money on the players we need to stay in the Premier League." Read more: www.thesun.co.uk/sol/homepage/sport/football/3592874/Lakshmi-Mittal-will-launch-a-bid-to-seize-full-control-of-Queens-Park-Rangers.html#ixzz1Mw6JXztQ |
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Post by harlowranger on May 20, 2011 23:02:04 GMT
40 Million , wow where did they pluck that from , mind you it is the Sun , the same paper that said we would lose 15 points  |
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Post by cpr on May 21, 2011 7:09:45 GMT
Is the author a rhyming slang?
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Post by Macmoish on May 21, 2011 7:57:49 GMT
"A source said: "Everyone here is hoping the Mittal bid is successful."
Wonder who the source is?
If it's "anyone" at the club should remember the saying "When you strike at a king, you must kill him."
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Post by blockhead on May 21, 2011 8:03:37 GMT
100 mill a stumbling block? 0.175 of his fortune.
sorry would like to believe it but its only story like season tickets are up 35pc and 10 million for transfers oh and 15 grand a week for wages and warnock leaving and warnock staying and danny graham joining and defoe comming.
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Post by qprdaveqpr on May 21, 2011 8:45:35 GMT
A source said: "Everyone here is hoping the Mittal bid is successful
The Sun... mmm not sure if we should believe it or not! Like harlow say, The Sun said we would be docked 15 points.
Hope there is some truth in it
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Post by Lonegunmen on May 21, 2011 9:19:46 GMT
If it happened and was successful, would the CEO also be gone?
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Post by cpr on May 21, 2011 9:22:20 GMT
Who is the CEO?
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Post by Macmoish on May 21, 2011 23:15:17 GMT
Total BS extrapolation even if Mittal does buy...AND I wouldnt want us to do a Chelsea and buy the Championship (I know some would)...Even were it to wanted EXPRESS QPR SET FOR INDIAN SUMMER Lakshmi Mittal will table a buyout bid for QPR tomorrow Sunday May 22,2011 By Sunday Express Reporter INDIAN billionaire Lakshmi Mittal will table a buyout bid for QPR tomorrow that could spark a multi-million pound war with Manchester City for the Premier League title. Steel magnate Mittal, who has a fortune of more than £17billion, is prepared to put his money where his mouth is to pip City’s oil-rich owner Sheikh Mansour for football’s richest prize. Mittal’s son-in-law Amit Bhatia, who also has a stake in the Premier League new boys, warned that his father-in-law will spend “what it takes” to see his club crowned champions. Mittal, who wants to buy out F1 tycoons Flavio Briatore and Bernie Ecclestone, has already promised manager Neil Warnock a preliminary £50million warchest. The tycoon has been waiting in the wings since he acquired a 20 per cent stake www.express.co.uk/posts/view/248097/QPR-set-for-Indian-summer-QPR-set-for-Indian-summer-#ixzz1N21oVS5J |
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Post by Lonegunmen on May 21, 2011 23:22:13 GMT
I meant Chairman.
Mac, I'd like Mittals to buy the others out and replace the Chairman. Having seen then go for Warni\ock, I believe they would go after some much more experienced in football in the role of chairman. They'd want to protect their investment positively.
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Post by harlowranger on May 21, 2011 23:38:29 GMT
Hang on it was 10 million last week , 40 million in the sun yesterday , now 50 million today , going up by the day.
Dont think he would go at it like that even if Mittal did buy .
Wouldnt expect him to spend more than 20 million tops in the first year.
Looks like its going to be another eventful week at HQ , it just never stops does it.
Most of the time for the wrong reasons mind.
Wonder who will get the scoop this week?
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Post by superckat on May 21, 2011 23:49:35 GMT
Hang on it was 10 million last week , 40 million in the sun yesterday , now 50 million today , going up by the day. Dont think he would go at it like that even if Mittal did buy . Wouldnt expect him to spend more than 20 million tops in the first year. Looks like its going to be another eventful week at HQ , it just never stops does it. Most of the time for the wrong reasons mind. Wonder who will get the scoop this week? Harlow, you're missing the obvious. 10 million + 40 million = 50 million. Simples |
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Post by blueeyedcptcook on May 22, 2011 0:30:57 GMT
Man of Steel takes over QPR and get rid of Dross. |
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Post by Lonegunmen on May 22, 2011 1:26:47 GMT
Meet the incredibles?
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Post by cpr on May 22, 2011 8:34:21 GMT
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Post by Macmoish on May 22, 2011 8:38:48 GMT
But as a billionaire, Mittal didn't get there by throwing away money (except on weddings!)
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Post by qprdaveqpr on May 22, 2011 9:29:05 GMT
QPR uk.eurosport.yahoo.com/22052011/2/ecclestone-rebuffs-mittal-says-warnock-staying-qpr.htmlBernie Ecclestone rebuffed QPR co-owner Lakshmi Mittal on Sunday while giving manager Neil Warnock his full backing to lead the newly-promoted club into the Premier League. Billionaire Indian steel magnate Mittal was quoted in Saturday's British newspapers as saying that he would be making a bid for full control of the west London club on Monday. Formula One supremo Ecclestone, who holds approximately 62 percent of the club's shares, told Reuters at the Spanish Grand Prix that was not a given. "Mittal put a statement out to say he was going to buy all the shares on Monday," the 80-year-old said with a smile in the Barcelona paddock. "But it's a bit like these Murdoch people saying they're going to buy CVC (Formula One's commercial rights holders). They've forgotten to ask if it's for sale." Ecclestone, a Chelsea fan, became the majority shareholder in December after buying out his friend and former Renault team boss Flavio Briatore. He has said he has an agreement to give Italian Briatore first refusal should he wish to sell his stake. Ecclestone, Mittal and Briatore joined forces in 2007 to buy QPR. The club secured promotion to the Premier League as Championship (second division) winners late last month. Ecclestone said there was no question about Warnock staying, despite media speculation that the club might replace him with a high-profile Italian coach. World Cup-winning manager Marcello Lippi, Ireland coach Giovanni Trapattoni and former Chelsea manager Claudio Ranieri have all been mentioned. "Yes, 100 percent. We've never discussed anything about him leaving," said Ecclestone when asked whether Warnock would stay. "He's never wanted to leave and we don't want to get rid of him." |
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Post by Macmoish on May 22, 2011 9:54:47 GMT
Thanks
Of course Ecclestone HAS said the club for sale...So weird time
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Post by harlowranger on May 22, 2011 11:30:12 GMT
Sky Sports now running with the same story
NW staying , thats a relief just changed my Avatar .
Ecclestone - Warnock staying
Majority shareholder says no talks have been held to change manager
Last Updated: May 22, 2011 12:10pm
Warnock: Has the backing of the QPR board to stay as manager in the Premier League
Bernie Ecclestone insists Neil Warnock is staying as Queens Park Rangers manager and says a replacement has never been discussed.
Warnock guided QPR to the Championship title, but reports claimed a more high-profile manager would be appointed for a campaign in the Premier League.
The likes of Marcello Lippi, Claudio Ranieri, Giovanni Trapattoni and Martin Jol have all been linked with the Rangers job in recent weeks.
However, QPR's majority shareholder Ecclestone has made it clear Warnock is not going anywhere after the manager revealed earlier in the week that he felt he had the board's backing.
Staying
"We've never discussed anything about him leaving. He's never wanted to leave and we don't want to get rid of him."
Bernie Ecclestone
Quotes of the week
Ecclestone said "He's staying - 100 per cent.
"We've never discussed anything about him leaving. He's never wanted to leave and we don't want to get rid of him.
"He's absolutely taking the club into the Premier League."
Ecclestone has also dismissed suggestions of a potential takeover of the club by another shareholder, Indian billionaire Lakshmi Mittal.
It has been claimed Mittal will launch a bid for the club on Monday, but Ecclestone says he is unaware of any likely approach.
The Formula One supremo added: "Mittal put a statement out to say he was going to buy all the shares on Monday. But they have forgotten to ask if it's for sale."
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Post by blueeyedcptcook on May 22, 2011 11:46:21 GMT
If Bernie thinks about it, this is his big chance. He sells to Mittal, and then buys his beloved Chelsea from the Russian.
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Post by Lonegunmen on May 22, 2011 11:55:23 GMT
And takes Paladini with him. Still I think Bernie wants 100 million
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Post by blueeyedcptcook on May 22, 2011 12:24:06 GMT
Well maybe we should start a whip arround.  |
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Post by Jon Doeman on May 22, 2011 13:28:49 GMT
Thanks Of course Ecclestone HAS said the club for sale...So weird time Exactly he did say that , he's full of sh1t, I bet he's a nightmare to negotiate with.  |
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Post by blueeyedcptcook on May 22, 2011 13:42:28 GMT
Ever tried to negotiate with a used-car salesman. |
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Post by Macmoish on May 23, 2011 0:15:07 GMT
INDEPENDENT Warnock will stay with QPR, insists Ecclestone By Glenn Moore Bernie Ecclestone yesterday insisted Neil Warnock would lead the Championship winners QPR into the Premier League, dispelling speculation surrounding the 62-year-old's position. Ecclestone, speaking in Barcelona where he was attending the Spanish Grand Prix, said: "He's staying, 100 per cent. We've never discussed anything about him leaving. He's never wanted to leave and we don't want to get rid of him. He's absolutely taking the club into the Premier League." Uncertainty has grown about Warnock's future since Flavio Briatore revived his interest in the club, which went through a series of managers after he and Ecclestone bought a controlling interest in 2007. Marcello Lippi and Claudio Ranieri head an (entirely foreign) list of putative managers while Warnock has been linked with the vacant West Ham post. However, Warnock, Ecclestone and other leading figures at the club met last week to discuss the new season and appear to have agreed on QPR's approach. Whether this means releasing serious funds to strengthen the team remains unclear. Much may depend on how the ongoing ownership issue is resolved. Ecclestone yesterday sought to rebuff Lakshmi Mittal, the leading minority shareholder. At the weekend the billionaire Indian steel magnate said he would make a bid for Ecclestone's 62 per cent shareholding but Ecclestone, drawing an analogy with speculation that Rupert Murdoch's News Corp is going to take over Formula One, said: "Mittal put a statement out to say he was going to buy all the shares on Monday. But it's a bit like these Murdoch people saying they're going to buy CVC [Formula One's commercial rights holders]. They have forgotten to ask if it's for sale." However, in the past Ecclestone has indicated his shareholding is for sale, albeit at what looks an inflated £100m. He also said it would depend on Briatore who, said Ecclestone, "has first option". There are doubts, though, over whether Briatore, who earlier sold his stake to Ecclestone, has the required funds. Since much of the day-to-day management of QPR is in the hands of Mittal's son-in-law, Amit Bhatia, the apparent animosity between Mittal and Ecclestone does not bode well for Rangers, who have noted that their recent success has coincided with a rare period of stable management. Warnock, who took over in March 2010, is the club's longest-serving manager since Ian Holloway left in 2006 www.independent.co.uk/sport/football/football-league/warnock-will-stay-with-qpr-insists-ecclestone-2287851.html |
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Post by Macmoish on May 23, 2011 0:16:51 GMT
If came to the crunch - and obviously not related....But I'd rather have Mittal take over and Warnock leave...Than Mittal leave and Warnock stay....
This is a big big deal. And if Ecclestone/Briatore stay, it's not going to be good
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Dave Sexton
Posts: 1,896
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Post by ingham on May 23, 2011 7:43:14 GMT
What emerges from these speculations is an underlying belief that what is required is so obvious that we know what it is in advance, and so straightforward that achieving it won't present too many problems.
All the more so when the central issue is money.
Then it becomes much more obscure. To take Mittal as an example. He can spend so much on players that all the practical difficulties traditionally faced by the Club simply don't apply.
If we assume that our limitations are some sort of deficiency, like being 5'8" tall, instead of 6'3".
18,000 attendances? What does that matter? He can afford to spend at the level of a Club with 80,000 attendances.
Will he, though? And if not, why not? Seriously, why not? 'The money means nothing to him' some say. No? If that is the case, one might ask why has he devoted so much of his life to getting so much of it?
Ah, the sober ones among us say. But he knows we are a small Club. He won't go mad. He'll build things up in a way that is appropriate for a Club like ours. Gradually developing its potential.
You could sense that attitude taking hold as soon as the initial hysteria about Ecclestone and Briatore dissipated. As soon, that is, as we realised that they weren't going to blow Chelsea out of the water, money wise. Sorry, that's Ecclestone, Briatore and Mittal, since Mittal arrived at almost the same time. It sounded a little like wishful thinking at the time. The value of such people is sheer wealth. Yet we reassure ourselves that they'll build the Club up like people who don't have it.
And naturally, an even wealthier investor like Mittal would be cautious. Or do I mean 'even more cautious'. Would take his time, getting to know the game. But again, why? If he has so much money, why not get to know the game with a £400 million squad at his disposal? Or a £1 billion squad? The sooner the Club is in the top 4, the sooner it starts to GENERATE the really big money.
Well, there it is, perhaps he will. Chelsea, City, all the other wannabes, prepare to challenge us on your knees.
And generating big money should be of interest to an investor, however generous. But even the biggest Clubs aren't GENERATING big money. They're spending it so fast, they're actually generating bigger and bigger losses.
But nevertheless.
Yes. Nevertheless ....
We only have to look around us to see very strange things going on. Arsenal's 100,000 capacity stadium, for example. They haven't got one. Why? Surely size is everything, to listen to the Arsenal self-admiration prospectus. Or it is when they're boasting about how big the 60,000 capacity stadium is, and how much money they're making out of it. But 100,000 would blow the opposition out of the water, wouldn't it? Especially United and Barca who keep on winning things while Arsenal don't.
A ground that size would be expensive, yes? But in Premierland, money is no object, right? Even the lesser Clubs - the QPRs, let's say - only need to do is spend more than the Clubs above them. Although that project has proved to be less obvious and less straightforward than it seemed.
Because they would be 'richer' and more successful than the bigger Clubs, who would then be compelled to outspend Mittal's QPR. Shouldn't be too difficult, of course. There are so many spare billionaires around these days ....
Perhaps that is why we haven't done it yet, even though we have one millionaire and two billionaires.
Perhaps they ask themselves if we're up there, could we sustain it? Assuming 'we' means QPR, that is. Not according to the accounts, it isn't. But the accounts are only money. And it isn't all about money, I realise that. Yet in the accounts, while the Clubs' assets may be mysteriously becoming theirs, very little of what they own - and it's a lot - has become QPRs.
So 'we' is something of an open question.
And there is the question of size, still an issue, I feel. Not in terms of the Uniteds and Arsenals. But Clubs like ours, with 18,000 capacity stadiums, who end up with the next ultra-wealthy owners willing to subsidise unlimited success.
We must outspend smaller rivals too. Not just the giants. If we are a real threat, so are all the other minnows.
On the other hand, perhaps money isn't all it's cracked up to be. Perhaps the model that we seem to be relying on (unless we can't get a rich bloke) doesn't work very well in the Premier League. Where the key man doesn't seem to be an owner or investor at all, but a manager. The one who gained his first success with quite a home grown side, isn't a billionaire, but is twice as successful as all the billionaires' Clubs put together.
Oh.
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Post by gibraltar on May 23, 2011 8:41:58 GMT
we would never fill a 100,000 seater stadium.
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Post by Lonegunmen on May 23, 2011 8:54:52 GMT
40k at most especially on a regular basis assuming we were doing really well in all competitions and that fulham were relegated and Chelski lost the Russians interest.
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Post by Markqpr on May 23, 2011 9:28:39 GMT
If we assume that our limitations are some sort of deficiency, like being 5'8" tall, instead of 6'3". How is being 5'8" instead of 6'3" a deficiency? Add to that you ruined all the laughs over the 'Flabio controls Bernie's shares' misconception that I was finding hilarious in it's desperation. Lately your no fun at all.   ;D |
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;D