Paladini to sell QPR

Queens Park Rangers owner Gianni Paladini has agreed to sell the club.

It is understood that Paladini, who is also chairman at Loftus Road, has struck a £5million deal to part with his controlling share in the club.

He expects the deal to go through in the next few days but plans to stay at QPR in some capacity.

"I've agreed in principle to sell the club," Paladini told the Sunday Mirror.

"I'm selling the vast majority of my shares but I will be retaining a position at the club.

"The deal has not yet been signed off but I expect it to go through next week."

Reports suggest that Football League bosses have withheld central funds from QPR and placed a transfer embargo on the club.

Rangers have also been ordered to repay the entire £500,000 loan they received from Oldham which breached League regulations.