QPR takeover is near

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As the Formula One chief and Renault team boss Flavio Briatore prepared to complete a joint £22million deal for the Championship club, as first revealed in Sportsmail, outgoing board members Nick De Marco, James Ferrary and Kevin Steele issued a statement saying: 'We believe the new investment coming into the club will be the most important for years.

'It will save QPR from the perilous financial position we have found ourselves in and put the club in an excellent position to move forward.'