Deals
Queens Park Rangers Bought by AirAsia CEO Tony Fernandes
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Queens Park Rangers, promoted to English soccer’s Premier League at the end of last season, has been bought by Tony Fernandes, chief executive officer of Malaysia’s AirAsia Bhd.
Fernandes’s Tune Group is buying a 66 percent stake in the club from Formula One chief Bernie Ecclestone and his partner Flavio Briatore, with the balance retained by metals billionaire Lakshmi Mittal’s family. Financial terms weren’t revealed at a press conference at the club’s west London stadium. The deal was worth 35 million pounds ($57.6 million), the Guardian reported.