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QPR have been given a cash boost after the family of the world's fifth richest man bought a 20% stake in the club.
The son-in-law of Indian steel magnate Lakshmi Mittal, who is reportedly worth £50bn, will join Bernie Ecclestone and Flavio Briatore on the club's board.
"This investment is a great stepping stone towards the future development of the club," said a club statement.
"It supports the ambition of the current shareholders to reach the Premier League in the near future."
QPR are currently bottom of the Championship, but they could now potentially join near neighbours and FA Cup third round opponents Chelsea in the transfer market, should Mittal wish to spend his cash.
"The family is excited about becoming involved with QPR," said Mittal's son-in-law, Amit Bhatia.
"As a family, we love sport and particularly enjoy English football, and alongside Bernie and Flavio, we hope that we can improve the club's performance, with the ultimate ambition of a place in the Premier League."
BBC Sport
Now, who's relishing taking over QPR now?
all QPR fans must be pretty damn happy
Originally posted by tom69er:
They are bottem of the table the he only major trophy they have won was the 1967 League Cup. Makes you wonder why in hell they chose QPR
I dunno, but it's got be exciting times for QPR fans. It said in one paper that there will be an open checkbook for transfers in January!!!
Personally I'm very jealous being a Birmingham City fan - look at the muppet we got trying to take over lol