QPR seek new investors with funds to build state-of-the-art stadium to replace Loftus Road and get them back into the Premier League… as they send out ‘Project Big Ben’ sales pitch to potential buyers
Queens Park Rangers are actively looking for new investors who can provide the capital to construct a brand-new, cutting-edge stadium at Loftus Road and make the team a permanent fixture in the Premier League.
Mail Sport has obtained a sales pitch from American bank Montminy & Co. to possible investors, valuing the club at approximately £120 million with room to grow.
Project Big Ben, the club’s glossy booklet, highlights QPR’s London location, stating that it is the fourth wealthiest city globally in terms of GDP per capita—a fact that many of the team’s supporters might not be aware of.
Although the existing owners wish to remain active, QPR are the second London club to be placed on the market in recent weeks. Matthew Benham, the owner of Brentford, appointed Rothschild, a different US firm, last month to find new investors.
The brochure states that Montminy valued QPR at between £50 million and £64 million, with their playing assets valued at approximately £34 million, their new TSG training facility, which opened last year, valued at £25 million.
In order to help construct a new stadium and restore QPR’s standing as a Premier League regular, the team is looking for new investors (owner Ruben Gnanalingam pictured).
QPR has won three of their previous five games under Spanish manager Marti Cifuentes, pulling them out of the Championship relegation spots. Maintaining their position in the second division will be essential to their aspirations of drawing in new funding.
Currently, American billionaire Richard Reilly owns 21% of QPR, followed by British investment manager Amit Bhatia with little less than 20% and Malaysian businessman Ruben Gnanalingam with 60% of the company.
The trio wants to stay at the club, according to QPR insiders who spoke with Mail Sport, but they are looking for partners who will help them advance financially and skillfully.
The club’s goals for Loftus Road are prominently included in the investment brochure, therefore it is likely that the essential competencies in issue are related to real estate and stadium development.
Montminy asserts that “discussions are underway to further explore significant stadium development with local municipal authority” and that QPR’s goal is to “produce a state-of-the-art, multi-purpose stadium, as part of a major regeneration in West London.”QPR chose not to respond.
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