Tony Fernandes completes QPR takeover

Tony Fernandes has completed the takeover of Queens Park Rangers.

The tycoon has bought shares from Bernie Ecclestone and Flavio Briatore to claim a 66% stake in the newly-promoted Premier League side.

Fernandes is expected to give QPR manager Neil Warnock funds of up to £10m to spend on players, according to the Daily Mail.

The 47-year-old Air Asia founder is also the team principal of Formula One's Team Lotus.