F1 magnates to take over at QPR

QPR have confirmed that Flavio Briatore and Bernie Ecclestone have made a recommended offer for the club.

Gianni Paladini will remain as chairman but Antonio Caliendo and Franco Zanotti have agreed to resign from the board.

Briatore told the club website: "Bernie and I were delighted to receive a recommendation from the QPR board for our bid for the club.

Paladini said: "This offer provides much needed investment and an excellent opportunity to move the club forward."

Source: BBC Sport