Targeting Premiership promotion in four years Zoom
Football club ownership for Ecclestone
Details of Flavio Briatore and Bernie Ecclestone's £14 million pound (20 million euros) takeover of Queen Parks Rangers were released on Monday.
The Formula
One duo will pay one million pounds for the club's shares, and £13m to clear QPR's debts, with a further £5m available to invest in new players.
Confirmation of the takeover by Renault chief Briatore and F1 supremo Ecclestone was released in a club statement prior to the kick-off of their home game with Southampton on Saturday.
Briatore, who took his place in the stands for QPR's 3-0 defeat, said: "We are fully aware of the history of QPR and the loyal fan base that it has, we are therefore totally committed to bringing future success back to the club.
"Gianni (Paladani, the club Chairman), Bernie and I are all determined to see the Club return to the Premiership within the next four years."
Source AFP
