Rangers gaffer John Gregory has welcomed the news that Flavio Briatore and Bernie Ecclestone have made a recommended offer for the Club.

Speaking exclusively to www.qpr.co.uk on Saturday evening, Gregory said: "It's very good news at the end of a really tragic week for the Club.

"The investors can really help this Club move forward, but as always, it will take time. We can't do it overnight and the transfer window is closed, so it will take time to make the transition.

"It has been a tragic week for the Club, but at least there's some positive news to end on."