richest man in the world, has bought up a 20 per cent stake
in Queen's Park Rangers, soccer club UK
NRI Lakshmi Mittal, fifth-richest man in the world,
worth US$32 billion has
bought a 20 percent stake in League Championship soccer club Queens
Park Rangers, UK. Mittal's son-in-law Amit Bhatia will sit on the
club's board and represent Lakshmi Mittal
Amit Bhatia 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
QPR, Park Rangers soccer club:
- QPR was taken over by Formula One chief Bernie Ecclestone and
Renault team boss Flavio Briatore in November, did not disclose
the sum paid for the stake.
- QPR are currently bottom of the Championship, but they could
now potentially join near neighbours and FA Cup third round opponents
Chelsea in the transfer market, should Mittal wish to spend his
- Representative of QPR said Mittal family's investment 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 program
that is needed to help us achieve this target.
Queens Park Rangers Football Club is an English football club,
based at Shepherds Bush in the London Borough of Hammersmith and
Fulham in West London. The club's first team currently plays in
the Football League Championship.The club is commonly referred to
as "QPR" or often just "Rangers" by fans. Other
nicknames include the "Hoops" or the "Superhoops"
QPR was formed in 1882, when a team known as St Jude's merged with
Christchurch Rangers. The resulting team was called Queens Park
Rangers, because most of the players came from the Queens Park area
of North-West London. QPR became a professional team in 1889 and
played their home games in nearly 20 different stadia (a league
record), before permanently settling in Loftus Road in 1917 (although
the team briefly played at White City between 1931-3 and 1962-63
in the hope of attracting larger crowds).
QPR were promoted as champions of Division 3 South in the 1947/48
season. Prior to the start of the 1959-60 season saw the arrival
of arguably the club's greatest ever manager, Alec Stock.
The 1960-61 season saw QPR achieve their biggest win to date -
9-2 vs Tranmere Rovers in a Division 3 match. In time, Stock, with
the advent as Chairman in the mid-60s of Jim Gregory helped to achieve
a total transformation of the club and its surroundings.
In 1966-67, QPR won the Division Three championship and became
the first Third Division club to win the League Cup on Saturday,
March 4, 1967, beating West Bromwich Albion 3-2,
Gerry Francis, a key player in the 1970s QPR side who had proved
himself as a successful manager with Bristol Rovers, was appointed
manager in the summer of 1991.
In the 1991-92 First Division campaign they finished mid-table
in the league and were founder members of the new Premier League
which began in 1992. Francis oversaw one of QPR's most famous victories,
the 4-1 win at Old Trafford in front of live TV on New Years Day
1992. They finished that season in fifth place, and in the following
season Francis guided them to a ninth place finish.
Midway through the 1994-95 season Francis resigned and very quickly
became manager of Tottenham Hotspur and Ray Wilkins was installed
as player-manager. Wilkins led QPR to an eighth place finish in
the Premiership. In July 1995 the club's top goalscorer, Les Ferdinand,
was sold for a club record fee of £6 million to Newcastle