QPR co-owners Bernie Ecclestone and Flavio Briatore have responded strongly to comments made by Amit Bhatia.Former vice-chairman Bhatia, who represents Lakshmi Mittal, the club's third co-owner, has resigned after disagreements with the club's board.
"Bhatia's comments and subsequent press coverage have been damaging to QPR," said the two co-owners in a statement.
"They have not received a written offer from the Mittals for the club and feel the verbal offer was insultingly low."
Bhatia resigned on Wednesday when the club announced that Premier League season ticket prices for promoted QPR would be going up by around 40%.
The co-owners have hit back at criticisms that the price rise is too steep.
"QPR's season ticket prices for the 2011/12 season are in line with other London-based Premier League clubs," continued the statement issued by Ecclestone and Briatore.
"They are reflective of the club's newly achieved Premier League status.
Ecclestone and Briatore believe that although price increases have been necessary, they are not unduly high and initial sales have so far been encouraging.
They have also reaffirmed their support for manager Neil Warnock, following speculation linking a number of high- profile managers, including Marcelo Lippi and Claudio Ranieri, with the post.
"As they have stated in recent days, Neil Warnock's post as manager remains secure and Neil has the full support of the board."
Source: BBC Sport
Source: BBC Sport