Sky Sports News has just revealed the deal is complete.Tony has taken 66% of the club,Mittal 33%.Amit is back on board too.Happy days.
http://www.qpr.co.uk/page/NewsDetail/0,,10373~2424165,00.html Brilliant! ======== EXCLUSIVE: FERNANDES SEALS TAKEOVER Posted on: Thu 18 Aug 2011 Malaysian business tycoon Tony Fernandes CBE has completed his takeover of Queens Park Rangers Football Club. Fernandes' company Tune Group have bought a majority stake in the Club, buying out previous majority shareholders Flavio Briatore and Bernie Ecclestone. The 47 year-old founder of AirAsia, who is also the team principal of Formula One's Team Lotus, and his business partners, have a controlling stake of 66 per-cent and will work alongside the Mittal Family, who have retained their 33 per-cent stake. Article continues Advertisement Speaking exclusively to www.qpr.co.uk, Fernandes said: "I lived in Uxbridge Road for many years and grew up around the area. "Everyone knows I've followed West Ham all my life, but I've always had a soft spot for QPR. "Rangers were one of the first teams I watched as a child at Loftus Road." Fernandes - who will take the role of Chairman of QPR Holdings Ltd and be joined on the board by joint Tune Group owner Mr Kamarudin Bin Meranun, one of Malaysia's most successful business tycoons -added: "The opportunity to get involved with the Club was mentioned to me by the previous owners and here I am. "I've always wanted to be involved in football and the appeal of a London Club, like QPR, was too good an opportunity to turn down. "It's funny how life has a way of spinning things round. It goes full circle sometimes. "QPR is a raw diamond and hopefully I can contribute into turning it into a diamond." Amit Bhatia, who will resume his position as Vice Chairman of the Club, told www.qpr.co.uk: "I'm very excited to welcome Tony to QPR and having spent considerable time with him, know that we share the same vision and values. "We have discussed in great detail how to restore pride at the Club and I'm very pleased with the outcome of these discussions. "It was a very difficult decision to resign from the board when I did, so I'm thrilled to be back and would like to thank all those who supported me and my family and look forward to serving the Club to the best of my abilities again. "Tony and I will work alongside each other to try and make this season as exciting and successful as possible. I love this Club and this is a very happy day for me." Fernandes added: "I have ambitions in the long term. "I could easily say we're going to win the Champions League and the Premier League, but that's really not my style. I don't want to make big promises I can't guarantee. "I want the fans to be proud of what we're doing and be involved as much as we can. The fans pay good money and are stakeholders, so whatever we do, I want the fans to be proud. We'll do it in style and with integrity. "I'm keen to create a good Academy, so that there's a constant supply of players. We're in a fantastic part of London and we should be bringing kids through. "The third aspect is to be a strong partner in the community and to make a difference in the community. "Of course you don't go into anything in the sporting world and not want to be the best, but these things take time and I'd rather let the results speaks for themselves." *The Club will be making no further comment at this stage.
Yep on the offish and it's the way I think we all wanted, no Flav or Bernie and Amit back. Let the good times roll..
Great news! I have ssn streaming at work Amit is well chuffed too. Very exciting They r saying they are not sure on the percentage of ownership gut ecclestone was offering 66% to sell and he brought at least 51%. Well believed that he has brought the entire 66% however but they are awaiting the press conference at 2pm to announce. Funds have been promised.
I love the TF line that he won't promise Champions league, that's not his style what he can promise is a club the fans will be proud of. That's the sort of comment we need to hear. You R's!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
At last, we have owners that give a **** about the fans. This really is sounding like the real deal!!
Just watched part one of Tony's video on the offish... very positive...blimey I believe everything he said he was very convincing...this could be the start of something special..
