Money talks for Mittal Lakshmi Mittal is understood to have offered £50million to buy out BernIe Ecclestone and Flavio Briatore and restore his son-in-law Amit Bhatia in overall command at QPR. But the Formula One pair, who bought their stake in the now Premier League club for £20m, are holding out for £100m despite Ecclestoneâs admitted lack of interest in football http://www.dailymail.co.uk/sport/footbal....r les-Sale.html
Take the money Bernie. You've got to pay for mansions for your daughter somehow. Just take the money.
This is a positive story. If true and accurate this story quashes the foolham story of the M's being interested over there. I haven't had time to read the link, but I hope its not reporting the initial offer again, or is this a new, improved and written offer ?
What a greedy toss pot that poison dwarf is! He couldnt possibly spend that 30mill at his advanced age
Yeah, it looks like a new offer. I think the first offer was around £30 mil unless I'm mistaken. If Bernie and Flavio think that they're gonna get £100 mil then I think there's no chance. Definately a positive story though!
http://en.wikipedia.org/wiki/Lakshmi_Mittal I knew this guy was rich.....but not this rich.... So pay up Mr Mittal, it's not gonna dent your billions too much...
The thing is................. This IS from the Daily Mail....so approach with caution, and don't read too much into it. I cannot remember ever reading anything in the Mail that was true!!!
It's Charlie Sale Mango, he's quite good I think, Martin Samuel is in the Mail also good. Don't let your lefty leanings influence you!
It also shows how greedy Mittal was with his much lower "public" offer a few weeks ago. I said a couple of weeks ago that Mittal had launched a charm offensive through Bhatia and was hoping to take control of the club on the cheap, knowing the fans dislike for the gruesome twosome. I just hope that if Mittal does take control he will prove to us that he wants to buy THE CLUB (and all that that entails) and it is not just an investment and a way of making a fortune for himself in Asia through other Mittal Group companies.
Er . . . he spent £147 million on properties in the last month alone. I still think the Mittal's are taking the piss a bit. £50 million is more or less the "scrap" value of the club (ie sell off the players and property). As a going concern, which should hopefully make a profit this year, there should be some premium on top, just not the 100% mark up Bernie seem to want.
I'm thinking that he'll need to up it to at least 75-80 million before Bernie even starts to think about talking. And that's only matching what the club will earn should we be relegated next season from parachute payments, etc. It does sound a little like a piss take of an offer, sadly.
before we all say piss take or not, let's be positive as this is at least a bid. There may be other things involved with his, for example, taking on the loans. a positive step IN the right direction
I think we should all learn the Indian national anthem as a new chant for this season. That should sway Mittal to invest. But if the language is too hard to learn for the anthem then we should all just recite our local Indian take away menu.
Best news i've heard in a long time and explains a lot. Sounds to me like a deal will be done and tbh Bhatia resigning cos of ST prices was a bit strange for me. He has pulled out and now is backing Mittal all the way , ST prices was just an excuse in my book. I am positive that a deal will be done, just hope it is done early enough for neil to get his team in place and training hard. Our first 6 games will be massive and the last thing we need is signings coming in once the season has started , otherwise it could all be too late. Every point will count.
Clearly £50m will not be enough to buy out Ecclestone given he was talking it up to double that a few weeks back. Mittal must know that and even by conservative standards £50m is peanuts for a Central London PL club anyway. Why is is messing around? If he really wants to make a go of things he needs to get the deal done and prepare the club for its most important season in two decades not play brinkmanship with one of the canniest businessmen is sport. £80m would probably be an acceptable compromise. Come on Lakshi, are you in or out?
