Air Asia owner Tony Fernandes will become the new Queens Park Rangers chairman but co-owners Bernie Ecclestone and Flavio Briatore will remain majority shareholders of the club.
Fernandes, who is also the team principal of Formula One's Team Lotus, has been in talks with the club over a possible takeover.
But it is understood that rather than take overall control, Fernandes's investment will only be enough to see him granted a minority share.
However, the Malaysian businessman will be installed as chairman.
It will mean Briatore and Ecclestone will still be calling the shots. Fernandes, who has been shown around Loftus Road and discussed plans for the forthcoming Premier League season with manager Neil Warnock, failed in a bid to buy West Ham in January 2010.
Fernandes, who is also the team principal of Formula One's Team Lotus, has been in talks with the club over a possible takeover.
But it is understood that rather than take overall control, Fernandes's investment will only be enough to see him granted a minority share.
However, the Malaysian businessman will be installed as chairman.
It will mean Briatore and Ecclestone will still be calling the shots. Fernandes, who has been shown around Loftus Road and discussed plans for the forthcoming Premier League season with manager Neil Warnock, failed in a bid to buy West Ham in January 2010.
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