Ecclestone Willing to Sell Stake in QPR for £100M

Bernie Ecclestone is reportedly pondering the idea of selling his stake in England's Championship side Queens Park Rangers this year. According to his latest comments for British newspaper The Guardian, he would be willing to sell for approximately 100 million pounds sterling.

“If somebody bought that team today it would be a very good punt. It is probably worth £100m,” the Formula 1 supremo told the aforementioned publication earlier this week.

The move would make tons of sense financially, considering the fact that the 80-year old Englishman purchased the majority stake in the club, together with former F1 manager Flavio Briatore, for only 14 million pounds sterling, back in 2007.

The Italian sold his stake in the London club to Ecclestone in December last year (approximately 62 percent), but apparently has secured the right to block or give the go ahead to a potential takeover in exchange.

“I don't have any choice staying in or going out,” added Ecclestone. “It is dependent on Flavio.”

Selling now would probably be the best time for the two F1 figures to go out in glory (again, from a financial standpoint), as QPR has virtually promoted to the Premier League for next season. The London side is on top of the Championship standings with 2 rounds to go, holding a 5-point advantage over second placed Norwich City.

Taking on the big guns in the Premier League would however necessitate plenty of funding and investments from Ecclestone & Co, money that the Englishmen doesn't seem too keen to take out of his pocket next year.