• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, January 24, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home Business

QPR football club recommends 1p/shr offer from Flavio Briatore’s Sarita Capital

by Joseph Beale
19/12/2017

RelatedPosts

3 Reasons You Should Consider a White Label Solution For Your Business

Tips to Choosing the Right Internet Plan for Your Business

How to calculate labour costs: A small business owner’s guide

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

Load More

LONDON (Thomson Financial) – Football club Queens Park Rangers Holdings Ltd (QPR) recommended a one penny per share offer from Renault Formula One boss Flavio Briatore’s Sarita Capital Investment Inc on Saturday, valuing the existing issued share capital of QPR at about 1.0 mln stg.Together with current total debt of around 13.0 mln stg, this represents an enterprise value of some 14.0 mln stg, the company said.Sarita Capital also said it bought a 4.9 pct stake while Bernie Ecclestone bought a 15 pct stake in QPR from Franco Zanotti, a director of QPR. Sarita Capital and Bernie Ecclestone have also together agreed to invest up to a further 5 mln stg into the London-based club by way of convertible loanfacilities, QPR said.Gianni Paladini will remain as chairman of QPR Football Club and Flavio Briatore, Bruno Michel and Alejandro Agag will be invited to join the Board. Antonio Caliendo and Franco Zanotti have agreed to resign from the board, the group added.Sarita Capital has received irrevocable undertakings to accept the offer in respect of about 62.3 mln QPR shares representing about 62.3 pct of QPR’s issued share capital, the company said on Saturday.TFN.newsdesk@thomson.comnpr/ejbCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

Previous Post

Egypt growth reversing brain drain

Next Post

Oerlikon sees solar ops sales at 600 mln sfr in 2008 on thin cell technology

Related Posts

3 Reasons You Should Consider a White Label Solution For Your Business
Business

3 Reasons You Should Consider a White Label Solution For Your Business

22/01/2021
Tips to Choosing the Right Internet Plan for Your Business
Business

Tips to Choosing the Right Internet Plan for Your Business

21/01/2021
How to calculate labour costs: A small business owner’s guide
Business

How to calculate labour costs: A small business owner’s guide

20/01/2021
Next Post

Oerlikon sees solar ops sales at 600 mln sfr in 2008 on thin cell technology

Apple cuts iPhone price, unveils iPods

Malaysia's Proton sees profitability improving on new Persona sedan - UPDATE

Latest News

Imagin From Caixabank Attracts 400000 Clients In Six Months

Imagin From Caixabank Attracts 400000 Clients In Six Months

17/01/2021
Blueberry AutoFlower Strains Reviews. Marijuana Seeds.

Blueberry AutoFlower Strains Reviews. Marijuana Seeds.

22/01/2021
Is BYOD really the best choice for remote working?

Is BYOD really the best choice for remote working?

22/01/2021
Technology At The Service Of Tourism

Technology At The Service Of Tourism

17/01/2021
3 Reasons You Should Consider a White Label Solution For Your Business

3 Reasons You Should Consider a White Label Solution For Your Business

22/01/2021
How do I become an automation tester?

How do I become an automation tester?

22/01/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.