QPR takeover talks continue as Dunga takes legal action over debt
Talks between Tony Fernandes and Bernie Ecclestone will continue on Monday over the Malaysian businessman's prospective takeover of Queens Park Rangers. The Air Asia and Team Lotus owner, who was at Loftus Road to witness Saturday's 4-0 defeat to Bolton Wanderers, is hoping to conclude a deal to buy the newly promoted club in partnership with the major shareholder, Lakshmi Mittal. The Indian steel magnate owns a 33% stake in QPR, with the pair attempting to buy out Ecclestone's 66% shareholding in the Premier League club. The former Brazil manager Dunga has instructed lawyers to recover a £750,000 loan he claims he made to QPR in 2006 when the club was under previous ownership. "I loaned my money to QPR in good faith when they needed it and I am very disappointed that the new owners, who are very wealthy, are now refusing to pay it back. I am fully confident in the English system of justice and that the court will help me recover my loans," said the Brazilian. QPR would not comment.
Market Reactions
Price reaction data not yet calculated.
Available after full seed + reaction pipeline runs.
Similar Historical Events
No strong historical parallels found (score < 0.65).