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Aug 1, 2011

Warnock holds talks with Fernandes

QPR manager Neil Warnock held "positive" talks with prospective QPR owner Tony Fernandes at the weekend.

The club announced last week they were talking to a potential new owner and now Warnock has confirmed Fernandes - boss of Formula One outfit Team Lotus - is the interested party.

Fernandes, who was credited with an interest in West Ham in June, met with QPR's co-owner Bernie Ecclestone and the F1 supremo's business partner Flavio Briatore after the club's pre-season match in Bergamo, Italy.

Warnock told the Daily Mail: ''Myself, Flavio and Tony all had a positive chat after the match on Saturday. We've already spoken about possible targets and he is a very positive chap.''

Warnock will be hoping any takeover will result in extra funds for him to spend on players, with Rangers restricted to free transfers so far this summer. They have agreed a reported £1.25 million fee for Blackpool striker DJ Campbell, whom they hope to complete the signing of this week.

In March, Ecclestone suggested he might be interested in selling his 69% stake in QPR for £100 million - and the club entered into talks with an unnamed group, with due diligence taking place.

Those discussions failed to reach an agreement, but Rangers last week released a statement revealing the club had started ''preliminary discussions with a different party''. Almost a third of QPR's stock is owned by the family of metals billionaire Lakshmi Mittal.

In May, vice-chairman Amit Bhatia, Mittal's son-in-law, resigned from the board after a disagreement over ticket-price increases and changes to club management.

Force India Formula One team owner Vijay Mallya and chairman of United Breweries Group, which produces the Kingfisher beer brand, were previously linked with the Loftus Road club.

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