Lakshmi Mittal buys into QPR, the Richest Club in the World?
The fifth richest man in the world, son-in-law of Indian steel magnate Lakshmi Mittal has bought a 20% stake in the club.
Having beaten Colchester 2-1 on Saturaday QPR have moved out of the bottom 3 for the first time since September and the millionairre owners of QPR will be wanting to see some rapid improvements in the new year after seeing little improvement since De Canio took over from Mick Harford.
The club made the following statement after securing the huge financial backing:
“This investment is a great stepping stone towards the future development of the club,”
“It supports the ambition of the current shareholders to reach the Premier League in the near future.”
De Canio has warned QPR fans not to expect big signings in the new year. This however may not be so easy as other clubs may start to put the prices up for players if QPR show an interest.
Its been an incredible year for QPR, nearly out of business a few months ago with mounting debts, and now huge investment potential and being touted as potentially one of the richest clubs in the world
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QPR sign Plymouth star Buzsaky on a two-month loan deal. New QPR manager Luigi De Canio has made his first signing with the capture of Plymouth midfielder Akos Buzsaky and rangers are reportedly ready to offer the Pilgrims £500,000 to sign the 25-year-old on a permanent deal in January.
Queens Park Rangers have confirmed the appointment of Italian Luigi de Canio as first-team coach as caretaker Mick Harford leaves QPR.
QPR record their first win of the season with a 1-0 win over Norwich.
Live on Sky Sports tonight QPR will be looking for their first win of the season against fellow struggler’s Norwich.
QPR came from behind and held on to draw 1 - 1 after Mikele Leigertwood’s dismissal on 81 minutes. The match could have gone either way after QPR more than matched top of the table Watford. Watford took the lead after Adam Johnson’s 49th-minute goal before QPRs Stefan Moore fired in Dexter Blackstock’s rebounded shot 10 minutes later to hand Rangers their first home point of the season.