Fernandes set to sign QPR deal this week

Queens Park Rangers: Air Asia owner Tony Fernandes set buy majority stake
Queens Park Rangers: Air Asia owner Tony Fernandes set buy majority stake

Air Asia owner Tony Fernandes is expected to tie up a deal to buy a majority stake in Queens Park Rangers this week, as the club claims it is close to signing a shirt sponsor.

Marketing has previously reported that Fernandes was in talks with the football club, which was promoted to the Premier League this year, over a possible £100m purchase.

It is understood that QPR will announce details of Fernandes' acquisition of a majority stake in the club this week.

Fernandes has previously held talks with QPR’s key investors Bernie Ecclestone and Flavio Briatore over buying into the London-based club.

Ecclestone holds a 62% stake in the club and has stated he is willing to sell.

The football club made a loss of £13.7m last year and £18.8m in 2008-2009.

Fernandes, who is also the Team Lotus Formula One boss, has previously claimed he made an offer to buy West Ham United.

Separately, a spokesman for the club said QPR, which played its opening game of the new season on Saturday without a shirt sponsor, was close to signing up a brand to sponsor its shirts.

However, the club would not disclose further details

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