Sport

QPR set to confirm Briatore's takeover

Flavio Briatore
13 April 2012

Queens Park Rangers are expected to announce today that they have been taken over by a consortium headed by Renault Formula One racing team boss Flavio Briatore and the sport's billionaire supremo Bernie Ecclestone.

The takeover of the club is expected to be worth about £25m - including taking on a debt of about £21m.

And manager John Gregory has been promised a war chest of £10m to spend on players in January, though he will hope for a quick injection of funds to do deals before the transfer window closes tomorrow night.

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