QPR owner QUITS club and sells all his shares after 12 years on ‘sad day’ for Championship side
QPR co-owner Tony Fernandes has quit the club – selling all his shares after 12 years with the club.
Fernandes stepped down from his role as chairman six years ago but opted to keep his shares in the West London club.
But the Malaysian mogul has decided to move on to a new chapter in his life by selling his stake in the Hoops.
He said: “This decision to step away is made with a heavy heart.
“I would like to thank the supporters who I have experienced the last decade of adventures with.”
Fernandes – who bought the club in 2011 with business partners Ruben Gnanalingam and Kamarudin Meranun.
He oversaw their 2012 Great Escape and promotion back to the Premier League in the 2013-14 season.
And he’ll look back fondly on his time his time at Loftus Road.
He said: “I will continue to look out for QPR‘s results and wish the board nothing but success for the future.”
QPR majority shareholder Gnanalingam is saddened by his former business partner’s departure.
He said: “This is a sad day for the club, and for me in particular because Tony and I joined the club together.
“There have been some incredible moments during that period, particularly our survival in the Premier League in 2012 and our play-off success in 2014.
“Of course, there have been challenges too but Tony’s good intentions for the club can never be doubted.”
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