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Last Updated: Thursday, 30 August 2007, 14:09 GMT 15:09 UK
Formula 1 bosses agree QPR deal
Flavio Briatore
Briatore played down reports of a takeover last week
Formula 1 chief Bernie Ecclestone and Renault F1 boss Flavio Briatore have agreed a deal to buy a majority stake in QPR, the BBC understands.

Major shareholder Antonio Caliendo and his backers have agreed to sell their shares in the Championship club.

Briatore heads a group which had been talking over a plan to inject new funds to secure the club finances.

QPR's board resigned on Monday 20 August ahead of an assumed bid for parent company QPR Holdings Limited.



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