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GP Week : Issue 130
F1 NEWS >> For your daily dose of Formula 1 news ... TEAM Lotus boss Tony Fernandes has bought a controlling stake in British Premier League football club Queens Park Rangers from former owners Bernie Ecclestone and Flavio Briatore. “ The opportunity to get involved with the club was mentioned to me by the previous owners and here I am,” Fernandes told the team’s website. “I’ve always wanted to be involved in football and the appeal of a London club, like QPR, was too good an opportunity to turn down.” Fernandes is known to be a West Ham fan, but two previous attempts to buy the club were both unsuccessful. In addition to owning a controlling stake in Queens Park Rangers, the Malaysian businessman will serve as the team’s chairman. Ecclestone owned the lion’s share of his and Briatore’s interest after buying the bulk of the Italian businessman’s shares at the end of 2010; their joint interest in QPR began in 2007. Briatore and Ecclestone originally held a 66 percent stake in the club, which Fernandes has now acquired. The remaining one-third interest belongs to steel giant Lakshmi Mittal. Lotus boss buys QPR from Bernie and Flav 11