F1 »

Briatore quits QPR role

Former Renault F1 team boss Flavio Briatore quits his role as chairman of QPR football club
Flavio Briatore has resigned as chairman of Queens Park Rangers Holdings Ltd with immediate effect, although the Italian will continue to act as a shareholder of the London football club.

Briatore's role with the club had been in doubt following the ban imposed on him by the FIA following his role in the Singapore race fixing scandal, although that ban was overturned last month by the French High Court.

Despite that decision, Briatore has elected to stand down from his position and will be replaced as chairman by Ishan Saksena.

"My three years as Chairman of QPR have been an exciting and incredible experience,” he said. “I'm proud to have helped save this historical club and to have contributed in paving the way to its future success.

"Although my commitment to the club remains unchanged, I now feel the need to focus my energies into other fields as well. I'm very happy that my position as Chairman of QPR will go to Ishan Saksena. I'm sure he will do a brilliant job and under his leadership the club will soon achieve the stability and the good results we all expect."

Aside from the announcement that he will stand down from his role with the club, Briatore is now facing a High Court showdown with designer Angelo Galasso – a designer who he teamed up with to launch the Billionaire Italian Couture fashion label back in 2005.

According to the writ issued, Galasso has claimed that Briatore took control of the business from his partner in mid-2007 when he was looking to bring in extra funding for the label.

Under the terms proposed, Galasso would have given up his 49 per cent stake in the company and was offered 20 per cent plus a bonus of 5 per cent of profits.

When his share certificate was returned, Galasso claims that Briatore failed to deliver on the revised agreement.

“I'm really disappointed,” Galasso told The Times. “Flavio kept saying 'trust me, trust me'. But he didn't respect the deal. He didn't respect me.”



Related Pictures

Click on relevant pic to enlarge
Flavio Briatore (ITA) Renault Team Principal, Bahrain F1 Grand Prix, Sakhir, Bahrain, 24-26th, April, 2009
20.09.2014 - Free Practice 3, Jean Todt (FRA), President FIA
20.09.2014 - Free Practice 3, Jean Todt (FRA), President FIA
20.09.2014 - Free Practice 3, Jean Todt (FRA), President FIA and Felipe Massa (BRA) Williams F1 Team FW36
20.09.2014 - Free Practice 3, Jean Todt (FRA), President FIA and Felipe Massa (BRA) Williams F1 Team FW36
20.09.2014 - Free Practice 3, Jean Todt (FRA), President FIA
20.09.2014 - Jean Todt (FRA), President FIA
18.09.2014 - Massimo Rivola (ITA), Scuderia Ferrari Sporting Director and  Michael "Herbie" Blash, FIA Deputy Race Director
07.09.2014 - Race, Jean Todt (FRA), President FIA and Christian Horner (GBR), Red Bull Racing, Sporting Director
06.09.2014 - Jean Todt (FRA), President FIA
06.09.2014 - Emanuele Pirro (ITA), FIA Steward
06.09.2014 - Dr. Angelo Sticchi Damiani (ITA) Aci Csai President and Jean Todt (FRA), President FIA
06.09.2014 - Lewis Hamilton (GBR) Mercedes AMG F1 W05 and Jean Todt (FRA), President FIA
06.09.2014 - Nicola Todt (FRA), Manager of Felipe Massa and Jean Todt (FRA), President FIA
06.09.2014 - Dr. Angelo Sticchi Damiani (ITA) Aci Csai President and Jean Todt (FRA), President FIA
06.09.2014 - Jean Todt (FRA), President FIA and Nicola Todt (FRA), Manager of Felipe Massa
06.09.2014 - Nicola Todt (FRA), Manager of Felipe Massa and Jean Todt (FRA), President FIA
06.09.2014 - Jean Todt (FRA), President FIA and Dr. Angelo Sticchi Damiani (ITA) Aci Csai President at Presentation FIA-ACI campaign

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.