Amit Bhatia's QPR offer 'insultingly low' say Bernie Ecclestone and Flavio Briatore
Bernie Ecclestone and Flavio Briatore have hit out at Amit Bhatia's "insultingly low" offer to buy QPR outright.
Bhatia, the son-in-law of Rangers' billionaire co-owner Lakshmi Mittal, on Wednesday resigned as the club's vice-chairman after revealing attempts to buy out Ecclestone and Briatore's 67% shareholding at Loftus Road had failed.
Bhatia also condemned the Formula One tycoons for removing QPR Holdings chairman Ishan Saksena from his position and for their 40% hike in ticket prices for next season.
But while the boardroom squabbling threatens to overshadow Rangers' promotion back to the Barclays Premier League, Ecclestone and Briatore have come out fighting.
In a joint statement, they said: "Both Ecclestone and Briatore believe that Amit Bhatia's recent comments and the subsequent press coverage have been damaging to QPR and do not fairly reflect the reality of the situation.
"They have not received a written offer from the Mittals for their QPR shares and feel strongly that the verbal offer made to them was insultingly low.
"Bhatia appears to be using the press to try to force the price of any deal down, which is disrespectful to both the club and its fans."
The departures of Bhatia and Saksena, two of Neil Warnock's staunchest allies on the board, have once again cast doubt on his future as manager.
But Ecclestone and Briatore have reiterated Warnock will be in charge when the Premier League season kicks off in August.
The statement continued: "As both Ecclestone and Briatore have stated in recent days, Neil Warnock's post as manager remains secure and Neil has the full support of the board.
"Discussions have already taken place between Neil and the board, in which Neil outlined his thoughts on player acquisitions ahead of the new Premier League season and was assured that he will be able to keep his best players for QPR's return to the Premier League."
Threat of 'catastrophic cascade of collisions' must be averted, warn scientists
Latest in Sport
Robin van Persie: Manchester United may have more joy if striker is dropped by David Moyes
Why does Manuel Pellegrini keep picking Martin Demichelis?
England 29 Wales 18 match report: Stuart Lancaster's men enjoy their day in the sun at expense of weary Wales
England 29 Wales 18 player ratings: Who was the star man at Twickenham?
Bayern Munich v Arsenal: Arsene Wenger pleads for 'fair chance' from referee in Champions League tie
- 1 Australian man Rod Sommerville reacts to bite from deadly snake by reaching for cold beer
- 2 Pakistan vs Paul Smith: Sandal-wearers bemused by famed British designer's attempts to sell traditional Peshawari chappal-style shoes for the distinctly untraditional sum of £300
- 3 North Korea elections: Kim Jong-un wins 100% of the vote
- 4 Steve Irwin’s final words: Cameraman present at death opens up about deadly stingray attack for the first time
- 5 Sharknado 2: Former WWE wrestler Kurt Angle to fight second wave of flying sharks
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
The quiet diplomat: Catherine Ashton - recognised and admired in all the world’s troubled countries, yet ridiculed at home