Steel baron Lakshmi Mittal is reported to be re-considering his share ownership options at Queens Park Rangers after the club was promoted to the Premiership. Up to now he has always said that he never intended to be a long-term shareholder let alone take over the majority stake.
Steel baron Lakshmi Mittal is reported to be re-considering his share ownership options at Queens Park Rangers after the club was promoted to the Premiership. Up to now he has always said that he never intended to be a long-term shareholder let alone take over the majority stake.
Now he has told the Financial Times that he was ‘thinking about’ whether to take up the option of buying more shares from Formula 1 supremeo Bernie Ecclestone who owns 62 per cent of the Super Hoops. Mr Mittal takes a back seat in running the club, although this did not stop him being serenaded by celebrating fans at the team’s final home game last Saturday.
He leaves QPR matters to his son-in-law Amit Bhatia, the club’s vice-chairman. Mr Mittal is, however, a keen football fan who has fond memories of playing the sport as a child in India. For now he says that the priority is to ensure that the club has two seasons of stability in the Premiership as a prelude to a longer stay there.