LAKSHMI Mittal is unlikely to make any fresh bid to take control of QPR – unless majority shareholders Bernie Ecclestone and Flavio Briatore invite him back to the table.
The richest man in Britain offered £33million for the pair’s stake described as ‘insultingly low’ by Briatore, who wanted closer to £70m for the duo’s controlling interest.
The fall-out made casualties out of son-in-law Amit Bhatia , who resigned as vice chair, and the departure of chief executive Ishan Saksena.
Sources close to Mittal believe the former racing chief is holding out for a bigger offer from a man who could buy QPR 200 times over. It looks as if they are in for a long wait.
The source said: "It’s not good business sense just to pay what someone demands – even if you can afford it. There are no plans to make an improved bid, or sell the Mittal stake in the club (33%)."
