AirAsia boss poised to take over QPR today

By Boo Su-Lyn, The Malaysian Insider

AirAsia chief Tan Sri Tony Fernandes is close to taking majority control of English Premiership football club Queens Park Rangers (QPR) today.

UK newspapers The Financial Times and the Guardian reported today that the owner of Asia’s largest low-cost airline hopes to conclude a deal to buy a 51 per cent stake in the West London club from Formula One motor racing chief Bernie Ecclestone.

The Financial Times said Indian steel magnate Lakshmi Mittal, who already owns a 33 per cent stake in QPR, will acquire the rest of Ecclestone’s 62 per cent share.

The Guardian also reported former Brazil coach and captain Dunga claiming that the Premier League club owed him £750,000 (RM3.75 million).

AirAsia recently finalised a share swap with MAS, where the former’s main shareholder Tune Air Sdn Bhd will swap 10 per cent stake in the budget carrier for 20.5 per cent share of the ailing flag carrier.