Flavio Briatore has played down reports linking him with an imminent takeover of QPR, saying he has not made a bid. The Renault Formula One team boss heads a group talking over an offer to take control of the Championship club.
It comes after QPR's board resigned on Monday, ahead of an assumed bid for parent company QPR Holdings Limited.
However, the Italian said: "We started talking by chance, but there are a lot of people in England talking with QPR now. We have not put in any offer."
A statement on QPR's website had earlier read: "The board announces it is in discussions with a number of parties which may or may not lead to an offer."
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Major shareholder Antonio Caliendo and his backers have agreed to sell their stake in the club - but Briatore insists he will not be held to ransom.
"Absolutely nothing formal has been done, but the lawyers are working," he said.
"We know where we are and what we want to do. If it happens then I will be very happy, but we are not going to go crazy to have this club."
QPR goalkeeper Sean Thomas, 20, has joined Ryman Premier Division side Wealdstone on a month's loan.
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