Thursday, August 18, 2011

Tony Fernandes the New Owner of Queens Park Rangers FC (QPR)

Malaysian business tycoon Tony Fernandes CBE has completed his takeover of Queens Park Rangers Football Club.

Fernandes' company Tune Group have bought a majority stake in the Club, buying out previous majority shareholders Flavio Briatore and Bernie Ecclestone.

The 47 year-old founder of AirAsia, who is also the team principal of Formula One's Team Lotus, and his business partners, have a controlling stake of 66 per-cent and will work alongside the Mittal Family, who have retained their 33 per-cent stake.

Source: QPR official Website

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