May the best man win
Title Showdown 2014
Abu Dhabi Grand Prix
Bernie steps up his involvement in football
News
Bernie steps up his involvement in football
Posted By: James Allen  |  17 Dec 2010   |  5:31 pm GMT  |  20 comments

F1 commercial supremo Bernie Ecclestone is reported to have bought out Flavio Briatore’s stake in Queens Park Rangers football club which gives him a majority stake of 62%.


The flamboyant Briatore, who got Ecclestone into football in the first place, stepped down as chairman of the club in February.

“We’re not changing anything, just tidying a few things up,” Ecclestone told Reuters. “We need to be ready in case we get promoted.”

Ecclestone got involved in QPR in 2007 along with Briatore and steel magnate Lakshmi Mittal, who remains a significant shareholder. The club is based in London, near the BBC’s headquarters in Shepherd’s Bush.

It is currently flying high in the English second league known as the Championship, four points clear at the top. There is a very good chance that the club will be promoted to the English Premier League next season, where the real money is. The club has not been in the top flight since 1996.

However to stay in the Premier League requires significant investment in players and if the club plans to stay there long term it will need a larger ground.

Featured News
MORE FROM JA ON F1...
Share This:
Posted by:
Category:
20 Comments
  1. nash says:

    tidy things up = getting rid of business alliances with flavio … :-)

    James, what do insiders think who will be the successor of bernie?

    monty stressed today the importance of having bernie involved but…somethings got to be ready if he is not able to do the job any longer.

    1. Steven says:

      I know you asked James, but my best bet would be Ron Dennis, or Briatore. Although I hope its Dennis, Briatore is too shady to run my favorite sport.

      1. James Allen says:

        I don’t think it will be any of those high profile kind of people.

      2. nash says:

        Dany Bahar?

      3. Rich C says:

        3-car Monty?

      4. Jo Torrent says:

        For Ron Dennis to take that position is 1 million % impossible. He is so tied to McLaren even if he sells his shares that nobody will agree. Even Flavio is more likely to take that position than him. But for Flavio it’s impossible too. He is a persona non grata in F1 circuis. What he’s done is absolutely unforgivable and if he manages to get there thanks to whatever miracle, it’ll be the biggest disgrace for the sport.

      5. Declan says:

        Same was said about todt and I think many would agree that he’s done a superb job with the fia.

      6. Damian J says:

        Or Luca Di Montezemolo for that matter!

        Would any F1 business partner be able to give sufficient focus to a football team and F1?

  2. Galapago555 says:

    And so now, at the young age of 80, Mr Ecclestone starts a brand new business in the English Football, thinking that in the mid-term his team will be able to go back to the Premier League.

    He gave us a good evidence of his fantastic sense of humor with the advertisment of the watch. And now this. Hats off to Bernie. Absolutely incredible person.

    1. Jo Torrent says:

      He won’t succeed in premierleague. Football is a sport where you don’t make money. You loose money generally. Only Arsenal manages to make profit but they buy players before they were born and they never win anything.

      The problem is Bernie isn’t the kind of guy who steps into a business to loose money even if there’s prestige in counterpart. That’s for the Abrahamovics and the Gulf ruling families.

      Good luck anyway.

      1. Galapago555 says:

        So it was being a Team owner, then he became the FOM owner…

        Will we see a “World Soccer Management” in a few years owned by some white haired guy??

        Just joking :-D

        Merry Christmas, Jo.

  3. Peter C says:

    Queens Park Rangers? Jesus Christ. That bang on the head really messed him up, didn’t it?

  4. Keith says:

    James,

    Not related to the Bernie story – Just wanted to say I immensely enjoy your website, but also to let you know I think it’s very admirable that you haven’t commented on the Jonthan Leggard saga – I think it’s a pity you aren’t coming back!.

    1. Jo Torrent says:

      what did happen with Leggard ?

    2. Drez says:

      To keep things balanced ;) JA should stay doing what he does best, THIS.

  5. Nando says:

    Good move for QPR, Flavio would probably of failed the premierships fit and proper person test. Does Mittal still own a stake?

  6. Tony says:

    Watch out Premiership Bernie is coming. There just put the fear of God intonSkt Tv,

  7. Born 1950 says:

    So will Bernie be off making deals for QPR to play in Korea, Singapore, China and Malaysia?

    1. Rich C says:

      Worse than that: Austin, Texas! ;D

  8. unoc says:

    Does this mean he might be rapping out his F1 and streamlining his assets for a nice easy departure or it just end of year housekeeping?

    It also interests me that people can buy into a team financially. I know red bull owns teams aswell. Could someone who lives over your way explain to an aussie guy like me what this all means? I know over here, in our AFL (aussie football league) for example teams have sponsers, memberships, donations and they own property and pokie machines pretty much. The teams are there own themselves and can’t be bought out or renamed or have title sponsors or anything.

    I’m glad its our way over here, does anyone from over yonder agree?

LEAVE A COMMENT

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top Tags
SEARCH News
JA ON F1 In association with...
Download the chequered flag podcast today
Download the chequered flag podcast today
Multi award winning Formula One photographer
Multi award winning Formula One photographer