QPR in second takeover talks this year

Queens Park Rangers are in takeover talks, the second time the club has entered discussions with potential parties this year.

The west London side began negotations with an unnamed bidder in March but those fell through, yet the club have announced a new bidder has entered the scene.

Owner Bernie Ecclestone announced three months ago that he was willing to sell his 69% stake in the Loftus Road club for around £100 million.

The club released a statement on their official website saying: “On March 4 the company (QPR Holdings Limited) announced that it was in preliminary discussions with a potential purchaser.

“At the time the takeover panel confirmed that should those discussions result in an offer being made for the company, the offer would be subject to the City code on takeovers and mergers (the code), even if such an offer was made after April 2, being the date on which the company ceased to be to the code, due to it being delisted 10 years previously.

“The company confirm that these discussions came to an end in March.

“Since the end of these discussions, the company has entered into preliminary discussions with a different party and can confirm that these discussions and any subsequent transaction would not be subject to the code.

“Accordingly the company confirms that is it no longer in an offer period for the purposes of the code. We will be making no further comment at stage.”

Neil Warnock’s side were promoted to the Premier League in May after winning the Championship and have already signed a host of new players – including one-cap England striker Jay Bothroyd – before the new season kicks off.