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Thursday, August 18, 2011

Lotus boss Tony Fernandes completes QPR takeover

Malaysian businessman Tony Fernandes has completed his takeover of Premier League newcomers QPR.

The 47-year-old has secured a 66% stake in the club, buying out previous majority shareholders Flavio Briatore and Bernie Ecclestone. Fernandes will work alongside the Mittal Family, who have retained their 33% stake.

"QPR is a raw diamond and hopefully I can contribute into turning it into a diamond," said Fernandes. "Everyone knows I've followed West Ham all my life but I've always had a soft spot for QPR," said Fernandes, who is also team principal of Formula 1's Team Lotus

1 comment:

Gooner said...

Of course - the important thing for fans of the club is whether Mr Fernandez is actually going to invest in the playing side of the club and stump up cash for QPR to strengthen their squad.