After plenty of speculation, F1 magnates Bernie Ecclestone and Flavio Briatore are finally set to take control of London football club Queens Park Rangers after the announcement that that pair have made a recommended offer to purchase the club.

Under the terms of the deal, the pair will take control of the club - currently playing in the second tier of the English game - with Briatore taking a place on the board alongside Bruno Michel and Alejandro Agag. Current chairman Gianni Paladini will retain his role.

"This offer provides much needed investment and an excellent opportunity to move the club forward, which in turn, we are sure will be translated into positive results on the pitch," he said in a statement on the club's official website. "I am delighted that Flavio and Bernie have asked me to remain on the board of the club and hope to play a large part in the future success of QPR Football Club."

Briatore himself added that he was delighted to have the recommendation of the board in his quest to take control of the club and said he was focused on helping take QPR return to the top channel of English football.

"Bernie and I were delighted to receive a recommendation from the board of QPR for our bid for the club and we look forward to working alongside Gianni Paladini and his team," he said. "We are fully aware of the history of QPR and the loyal fan base it has; we are therefore totally committed to bringing success back to the club.

"Gianni, Bernie and I are all determined to see the club return to the Premier League as soon as possible."

Further details are expected in due course, with the club currently focused on paying tribute to teenage player Ray Jones, who died in a car accident last week.



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