Air Asia boss Tony Fernandes is reported to be making a £100m bid for QPR. This follows the news that steel magnate Lakshmi Mittal is ready to sell his 33 per cent stake in the club following his bust up with Bernie Ecclestone who has a 62 per cent share. This spring Mr Mittal tried to increase his stake to become the majority shareholder but had no joy.
Air Asia boss Tony Fernandes is reported to be making a £100m bid for QPR. This follows the news that steel magnate Lakshmi Mittal is ready to sell his 33 per cent stake in the club following his bust up with Bernie Ecclestone who has a 62 per cent share. This spring Mr Mittal tried to increase his stake to become the majority shareholder but had no joy.
Mr Ecclestone might wish to sort out QPR’s ownership to give him time to focus on a investigation by German prosecutors into payments he allegedly made to a banker in connection with the 2005 sale of shares in Formula 1 to buy out group CVC Capital Partners.