Queen's Park Rangers Owners in `Early' Talks to Sell Stake in Soccer Club

The owners of Queen’s Park Rangers, the first-place team in English soccer’s second division, said they may sell 67 percent shareholding in the club.

Takeover discussions are “at an early stage,” and it’s unknown whether a takeover will happen, QPR Holdings Ltd. said today in a Regulatory News Service statement. The Sun reported two days ago that a group of American and Asian businessmen were interested in taking the stake in the team.

Last year, Flavio Briatore resigned as chairman. He had worked with Formula One boss Bernie Ecclestone and steel magnate Lakshmi Mittal to buy the west London team in 2007. Mittal has boosted his holding in the club since the takeover.

QPR has a five-point lead at the top of English soccer’s Championship, with 67 points after 34 games. Swansea is in second.

To contact the reporter on this story: Christopher Elser at celser@bloomberg.net

To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net

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