QPR boosted by Mittal cash!

[Morrison]

QPR boosted by Mittal cash - Championship - TEAMtalk Football News

QPR have received a cash injection after the family of the world's fifth richest man, Lakshmi Mittal, bought up a 20% shareholding of the club.

Mittal, an Indian steel magnate who is worth a reported £50billion, will be represented on the club's board alongside Bernie Ecclestone and Flavio Briatore by his son-in-law, Amit Bhatia.

In a statement, the QPR board said: "This investment in QPR by the Mittal family 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 programme that is needed to help us achieve this target."

Formula One chief Ecclestone and Renault team boss Briatore took over at Loftus Road in November and had already pledged hefty transfer funds for manager Luigi De Canio.

Rangers are currently bottom of the Championship, but they could now potentially rival west London neighbours Chelsea in the transfer market should Mittal dip into his vast fortune.

Bhatia added: "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 Premier League."

[Jager]

Interesting...why else would Mittal dump money into them, if the plan wasn't to get them to the top in the Premership?

We'll see how this plays out.