Flav and Bernie looking to sell....

Great news if true, but completely overvalued and no mention of selling to Mittal.

http://www.mirrorfootball.co.uk/new...oves-to-sell-club-for-100m-article763404.html

 

They'll never get £100m but I think the Mittals will offer a bit more than they have so far. There's a curious silence over shirt sponsors too which for a Prem Club is unusual at this stage - what's the betting on Kingfisher sponsoring the shirts and the ground....?

Mittal himself has been busy, investing just under £50m in a flotation for an off-shore drilling company, getting him 21% of the shares personally. I'm sure he'll come good.........;-)

 

If they get £100 million they really could sell sand to the Arabs, but a football club would do!

 

i am confussed does he think the club is worth 100 million to which he would really be selling his part for 66 million or does he think the club is worth 150 million and he wants 100 million for his two thirds.

 

I don't know what to believe anymore yesterday he doesn't want out today he does.

 

QPR owners make secret moves to sell club for £100m

Published 23:00 09/07/11 By Paul Smith

Recommend (1)

Briatore-ecclestone-qpr-cropped

London-based investment bank Seymour Pierce has been secretly recruited to find a buyer for QPR.

The newly promoted *Premier League club is up for sale for £100m because main shareholders Bernie Ecclestone and Flavio *Briatore are anxious to *depart Loftus Road.

The duo have been at war with the club’s other shareholder, Lakshmi Mittal, who has failed with two bids to buy the Formula One tycoons’ 67 per cent shareholding in the club.

Ecclestone and Briatore were initially approached by Keith Harris from *Seymour Pierce who claimed he could find a buyer for their shares.

The uneasy relationship between the Formula One pair and Mittal became untenable in May when Amit Bhatia, the son-in-law of Mittal, resigned as the club’s vice-chairman after the first failed bid to buy out the duo’s shares.

Bhatia also condemned the pair for removing the QPR Holdings chairman, Ishan Saksena, from his position, and for their *decision to implement a 40 per cent rise in season *ticket prices.

The departure of Bhatia and Saksena, two of *manager Neil Warnock’s staunchest allies on the board, casts doubt over his future.

Read more: http://www.mirrorfootball.co.uk/new...lub-for-100m-article763404.html#ixzz1Rggjl1Ws
Sign up for MirrorFootball's Morning Spy newsletter Register here

=================================
Smudge1962 Paul Smith
@
@nickreinis It's a totally unrealistic price but unfortunately Keith Harris from Seymour Pierce has convinced them they can get £100m

 

There are two conflicting stories.

One says Bernie wants to sell out and has employed someone to "do the necessary" and find a buyer.

The other says that he has no desire to sell out at the moment.

So who, if anyone, do we believe?

I still believe that there is much more to this than meets the eye. Something tells me that the £100m price tag was put on in order to have a reason not to sell out to Mittal. Had someone else come in with a reasonable offer (and I don't mean £100m or even £75m) then I think that he might have sold.

I still think that Mittal and Bhatia went about it the wrong way and got Ecclestones back up ... and so we are lumbered.

Regarding the story in the Mirror ... if someone came along and said that they could get £1.5m for your house that is worth £500k then you would probably say "Okay then, go out and get it" not realistically expecting them to succeed.

 

As far as what to believe, Paul Smith - the author of this article - has been pretty much spot on with everything he's said about QPR this year.

If you didn't know, he also Tweeted yesterday that Spurs have a 35 per cent sell-on clause for Taarabt.

I knew there was one, but didn't think it'd be that high! Makes selling him that much less attractive.

 

This is disastrous really, needs sorting one way or the other.
Indecision will be fatal.

 

"Seymour Pierce has been secretly recruited"
this is almost as well-kept a secret as Ecclestone's mistrust of Mittal men......

 

I have little doubt the Goons want to sell and take their profits.

It may have become personal become the Goons and the Mittals but money has a funny way of overcoming the "hump". If this latest development of looking for a (stupid) buyer is correct, I'd bet 75% of the motive is to pressure Lakshmi into increasing his bid at least to market value (assuming the bid isn't at market value now - all depends on valuations). If no third party buyer is forthcoming, it strengthens Mittal, but in the meantime for the club...well, we've got to hope the Mittals are in place before the Jan transfer window, NW has hung on in, money is spent wisely and we get an exciting end to the season...

 

I have a feeling that the goons think that Mittal is a bit of a mug and that they can rip him off for a few million every time they involve him in business
This is why Bernie gets him involved with buying shares in QPR ,selling his house to him, giving him VIP treatment at F1 events

please log in to view this image

 

Good point, Andrew. And maybe Bernie's sold him a second hand car or two... We mortals probably wouldn't call a self-made billionaire a mug exactly, but among billionaires, everything is relative...

 

i hope they do sell im sick and tired of this carry on ,we need players and soon or we can kiss goodbye to the premier league,those two are complete idiots and only intrested in their selves

 

it will happen, to whom they sell it to is the question, so far we have had The Mittals & some unknown Arabs/Americans the water is murky

 

Largely agree with Eamon on this. Does seem the little Goon was offended by Amit's actions, parting comments and first offer, hence the stand off. Ecclestone doing 'feelings' is a bit rich coming from a cold fish like him.

Looking at it from Bhatia's point of view, the huge hike in ticket prices was so at odds with his own policy on fans, community and club development, it rendered his position untenable. If it were me, I'd have felt the need to distance myself in the same way Amit did, otherwise any subsequent buy out could have left things looking like the new owners were culpable.

However, the most interesting thing coming out of today's speculations is the suggestion that the Goons versus Mittals might not be the only game in town. Not knowing when this Seymour Pierce thing came about, it could be that the earlier mentions of Arab and Russian interests might just have some substance.

If this is the case, what's the chance of such new owners having the best interests of this club and its fans at heart? Frying pan into fire?

 

I'm not sure we want someone in charge who has the fan's best interests at heart. Most of the fans would blow all of the budget very quickly on the wrong players. Chris Wright surely was an example of this and we ended up in administration. I think we need a hard nosed business man who realises that a successful club wil generate him most money and is therefore prepared to spend wisely to achieve that.