Renault’s F1 team boss Flavio Baritone will complete £22 million takeover of QPR

Flavio Briatore, Renault’s F1 team boss is set to complete a takeover of football team QPR sometime next week. Flav is expected to pay $22 million in the takeover of Queen’s Park Rangers, and the news could not come at a better time as the soccer team is in financial trouble.

In the deal Italian playboy will also wipeout the London Club’s £17 million worth of debt as well. QPR chairman Gianni Paladini, looks set to keep his job at the team, and looks forward to working with his fellow Italian. Paladini is very thankful to Briatore for saving the club from financial ruin, and hopes that Flav will help to bring QPR back as a top English football club.

If anyone can help QPR then Flavio Briatore can, as he is a great business man. He helped the Benetton Formula One team win five world championships, and he also guided Renault to Two championship wins.