Flavio Briatore
On 20 December 2007, it was announced that the family of billionaire Lakshmi Mittal had purchased a 20% shareholding in the club from Flavio Briatore. The purchase price of the 20% stake was just £200,000. As part of the investment Lakshmi Mittal's son-in-law Amit Bhatia took a place on the board of directors. While Gianni Paladini remained chairman of the football club, Alejandro Agag, as chairman of QPR Holdings (the parent company) was the de facto chairman, until he was replaced by Flavio Briatore in early February 2008. Agag moved into the role of managing director, supported by a deputy managing director, Ali Russell, who moved from Hearts in the Scottish Premier League.