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Thursday, December 20, 2007

QPR Announcement: The Mittal Family is Investing in QPR and Joining QPR's Board


Queens Park Rangers Football Club is delighted to announce today (Thursday 20th December 2007) that the Mittal Family has taken a 20 per-cent shareholding in QPR Holdings Limited.
Alongside Mr Bernie Ecclestone, Mr Flavio Briatore and Sarita Capital, the Mittal Family will now be a significant shareholder in the Club.
As part of the agreement, the Mittal Family have appointed Mr Amit Bhatia as a Director to the board of the Club.
Speaking on behalf of Queens Park Rangers Football Club, the Board of Directors, said: "This investment in QPR by the Mittal Family is a great stepping-stone towards the future development of the Club and supports the ambition of the current shareholders to reach the Premier League in the near future.
"The new capital being invested in QPR will help fund the programme that is needed to help us achieve this target."
On behalf of the Mittal Family, Mr Bhatia, who is Mr Lakshmi Mittal's son-in-law, said: "The Family is excited about becoming involved with Queens Park Rangers Football Club.
"As a family, we love sport and particularly enjoy English football, and alongside Bernie and Flavio, we hope that we can improve the Club's performance, with the ultimate ambition of a place in the Premier League."
*The Club will be making no further comment at this stage.

Also: "Supposedly Linking Up With QPR: World's Fifth Richest Man, Lakshmi Mittal"

See Also: Wikipedia/Mittal Lakshmi

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