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Briatore confirms interest in QPR
England - 27 August, 2007
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Flavio Briatore confirmed he is in the hunt for English Queens Park Rangers, but said he is one of several interested in the club.
Even with the competition, Briatore won't push the price beyond what he feels is reasonable.
"We started talking by chance, but there are a lot of people in England talking with QPR at the moment," said Briatore, the head of Formula One's Renault team ahead of this weekend's Turkish Grand Prix in Istanbul. "We have not put in any offer. Absolutely nothing formal has been done, but the lawyers are working.
"We know where we are and what we want to do. If it happens then I will be very happy, but we are not going to go crazy to have this club."
QPR board already resigned en bloc in order to make way for new investors, who will need to put around GBP 25 million into the club. It was only six years ago when QPR avoided going into administration thanks to a loan of GBP 10 million from a company registered in Panama. The club's debts are currently around twice that figure.
Briatore, who admitted that has seen the club's Loftus Road stadium only from the air in his helicopter route from his Chelsea home to his team's Oxfordshire headquarters, said he would stay a behind-the-scenes owner if he took control of the club, and said the present management would remain, calling it "perfect".
Even with the competition, Briatore won't push the price beyond what he feels is reasonable.
"We started talking by chance, but there are a lot of people in England talking with QPR at the moment," said Briatore, the head of Formula One's Renault team ahead of this weekend's Turkish Grand Prix in Istanbul. "We have not put in any offer. Absolutely nothing formal has been done, but the lawyers are working.
"We know where we are and what we want to do. If it happens then I will be very happy, but we are not going to go crazy to have this club."
QPR board already resigned en bloc in order to make way for new investors, who will need to put around GBP 25 million into the club. It was only six years ago when QPR avoided going into administration thanks to a loan of GBP 10 million from a company registered in Panama. The club's debts are currently around twice that figure.
Briatore, who admitted that has seen the club's Loftus Road stadium only from the air in his helicopter route from his Chelsea home to his team's Oxfordshire headquarters, said he would stay a behind-the-scenes owner if he took control of the club, and said the present management would remain, calling it "perfect".
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