Co-owner Tony Fernandes leaves QPR – selling all shares in the football club

Tony Fernandes has left QPR – selling all his shares in the football club.

The Malaysian businessman has been co-owner of the west Londoners for the past 12 years, acquiring the club with Ruben Gnanalingam and Kamarudin Meranun in 2011.

QPR confirmed in their statement on the club website that Fernandes no longer holds any shares in QPR Holdings Limited.

The 59-year-old said: My involvement with QPR has been an incredible period of highs and lows. 

“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. I will continue to look out for QPR’s results and wish the board nothing but success for the future.”

Speaking on behalf of the board, Gnanalingam 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.

“We thank Tony wholeheartedly for his endeavours and there will always be a place for him at the club.”