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
23.08.2014- Free Practice 3, Flags
Emanuele Pirro (ITA) Fia delegate with Andrè Lotterer (GER) Caterham F1 Team CT-04
27.07.2014- Race, Emanuele Pirro (ITA), FIA Steward
27.07.2014- Race, Emanuele Pirro (ITA), FIA Steward
19.07.2014- flags
Tom Kristensen (DEN) FIA Steward.
19.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Qualifying Day.
The post qualifying FIA Press Conference (L to R): Valtteri Bottas (FIN) Williams, second; Nico Rosberg (GER) Mercedes AMG F1, pole position; Felipe Massa (BRA) Williams, third.
19.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Qualifying Day.
Nico Rosberg (GER) Mercedes AMG F1 in the FIA Press Conference.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
(L to R): Nico Rosberg (GER) Mercedes AMG F1 and Sebastian Vettel (GER) Red Bull Racing in the FIA Press Conference.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
Nico Rosberg (GER) Mercedes AMG F1 in the FIA Press Conference with his World Cup celebrating helmet.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
Nico Rosberg (GER) Mercedes AMG F1 in the FIA Press Conference with his World Cup celebrating helmet.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
The FIA Press Conference (From back row (L to R): Nico Hulkenberg (GER) Sahara Force India F1; Kevin Magnussen (DEN) McLaren; Adrian Sutil (GER) Sauber; Nico Rosberg (GER) Mercedes AMG F1; Sebastian Vettel (GER) Red Bull Racing; Kimi Raikkonen (FIN) Ferrari.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
(L to R): Sebastian Vettel (GER) Red Bull Racing and Kimi Raikkonen (FIN) Ferrari in the FIA Press Conference.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
(L to R): Sebastian Vettel (GER) Red Bull Racing and Kimi Raikkonen (FIN) Ferrari in the FIA Press Conference.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
(L to R): Sebastian Vettel (GER) Red Bull Racing and Kimi Raikkonen (FIN) Ferrari in the FIA Press Conference.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
(L to R): Sebastian Vettel (GER) Red Bull Racing and Kimi Raikkonen (FIN) Ferrari in the FIA Press Conference.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.
Adrian Sutil (GER) Sauber in the FIA Press Conference.
17.07.2014. Formula 1 World Championship, Rd 10, German Grand Prix, Hockenheim, Germany, Preparation Day.

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.