Formula One duo Flavio Briatore and Bernie Ecclestone say their £14m takeover bid for English Championship football club Queen's Park Rangers has been recommended by the club's board.
Briatore and Ecclestone's offer, at 1p a share, values the club at £1m. The remaining £13m is the cost of the club's debt.
QPR said Renault team boss Briatore and Formula One supremo Ecclestone had promised to invest £5m on the club and players using borrowed cash, while chairman Gianni Paladini would remain in the job.
The formula one pairing said they were hoping to steer the club into the Premiership by 2011.
