Controlling Stake In QPR Sold To Malaysian Businessman Tony Fernandes

BURNLEY ENGLAND - JANUARY 15: Neil Warnock of Queens Park Rangers applauds spectators during the npower Championship match between Burnley and Queens Park Rangers at Turf Moor on January 15 2011 in Burnley England. (Photo by Laurence Griffiths/Getty Images)

AirAsia CEO Tony Fernandes has purchased a controlling stake in QPR.

When Bernie Ecclestone and Flavio Briatore bought into Queens Park Rangers back in 2007, there were rumors of vast riches and wild spending coming into the club. Though Neil Warnock and players like Adel Taarabt were able to guide them into the Premier League, that never materialized, much to the disappointment of fans. Fans were subjected to further disappointment this year, despite their club going up, when ticket prices were raised significantly. 

The good news is that they have some new ownership from folks who are considerably more passionate about football and willing to listen to the fans, according to all accounts. Noted West Ham United fan Tony Fernandes has purchased Ecclestone's 66 percent stake in the club for £35 million, taking control of the team.

Fernandes has claimed that he will give Warnock somewhere in the neighborhood of £10 million to invest in the transfer market. However, he will not be putting his own money into the club to use for transfers on a regular basis, nor does he plan to saddle the club with any debt in the near future.

The AirAsia CEO previously tried to buy into West Ham United, but was turned down. Though he is a fan of the East London club, David Sullivan and David Gold's loss is his gain, as his new purchase is probably a much better investment these days.

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