Queens Park Rangers Football Club is delighted to announce Flavio Briatore and Bernie Ecclestone have made a recommended offer for the Club.

Mr Gianni Paladini will remain as Chairman of QPR and Mr Flavio Briatore, Mr Bruno Michel and Mr Alejandro Agag will be invited to join the Board.

Mr Antonio Caliendo and Mr Franco Zanotti have agreed to resign from the Board of QPR.

Speaking exclusively to www.qpr.co.uk today, Briatore said: "Bernie and I were delighted to receive a recommendation from the Board of QPR for our bid for the Club and we look forward to working alongside Gianni Paladini and his team.

"We are fully aware of the history of QPR and the loyal fan base that it has; we are therefore totally committed to bringing future success back to the Club.

"Gianni, Bernie and I are all determined to see the Club return to the Premiership as soon as possible."

Paladini added: "This Offer provides much needed investment and an excellent opportunity to move the Club forward, which in turn, we are sure, will be translated into positive results on the pitch.

"I am delighted that Flavio and Bernie have asked me to remain on the Board of the Club, and hope to play a large part in the future success of QPR Football Club."

*Details of a press conference will follow in due course.