Thursday 9 June 2016 15:44, UK
QPR have restructured the club's shareholders to reflect the more hands-on roles of co-chairmen Tony Fernandes and Ruben Gnanalingam.
Fernandes' stake has been reduced from 69 per cent to 55 per cent with a new shareholder, Gnanalingam's Total Soccer Growth Sdn Bhd, now owning a 33 per cent stake.
"Queens Park Rangers Football Club can confirm a change in the shareholding structure of QPR Holdings Limited, to reflect co-chairmen Tony Fernandes and Ruben Gnanalingam's more active roles in the club," said a statement on the club's official website.
"QPR Asia Sdn Bhd's share, a Tony Fernandes controlled company, has changed from 69% to 55%.
"New shareholder Total Soccer Growth Sdn Bhd, which represents Gnanalingam, now has a 33% shareholding.
"Sea Dream Ltd's shareholding, which represents the Mittal Family, has changed from 30% to 11%.
"There remains a less than 1% minority interest shareholding. These changes will be submitted to Companies House."
Gnanalingam has been a major shareholder in the club since Fernandes became chairman in 2011 and was named co-chairman in June 2015.
Fernandes completed his takeover of the club when he bought out previous majority shareholders Flavio Briatore and Bernie Ecclestone in August 2011.
