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.
Fernandes stepped down from his role as chairman six years ago but opted to keep his shares in the West London club.
Tony Fernandes has sold his shares in QPRNEWS GROUP NEWSPAPERS LTD
The Malaysian mogul bought the Hoops in 2012NEWS GROUP NEWSPAPERS LTD
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: “Outside of family, I have experienced some of the most enjoyable moments of my life thanks to QPR.
“On the pitch, there have been special victories and it was an honour to be there and see us win promotion to the Premier League at Wembley Stadium.
“Off the pitch, QPR’s reputation as a true community club is something I have always been very proud of.
“I am a passionate person and that means the good times have meant so much but, equally, the tough times have hurt.
“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.
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“I will continue to look out for QPR’s results and wish the board nothing but success for the future.”
Fernandes 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 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.
ACTION IMAGESTony Fernandes oversaw QPR’s Great Escape in 2012 and promotion back to the Prem in 2014[/caption]
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.”
QPR finished the 2022-23 Championship season in 20th place, beating the drop by six points.
Gareth Ainsworth’s troops will kick off the new campaign on August 5 with a trip to Vicarage Road to take on Watford.
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