Queens Park Rangers co-chairman Ruben Gnanalingam has increased his shareholding in the club to 33%. The Malaysian businessman holds the shares in QPR Holdings Limited, the Championship club's parent company, through Total Soccer Growth Sdn Bhd.
What happened?
Gnanalingam became co-chairman of the west London club last summer, having been a major shareholder since Tony Fernandes became chairman at Loftus Road in 2011.
Why it matters for Queens Park Rangers
Co-chairman Tony Fernandes' company QPR Asia Sdn Bhd has reduced its shareholding from 69% to 55%. Sea Dream Ltd's shareholding, which represents the Mittal family, has reduced from 30% to 11%.
What comes next?
The changes in shareholding are expected to have an impact on the club's future decisions. As of 15 June 2015, the new shareholding structure is in place. | Shareholder | Shareholding | | Ruben Gnanalingam | 33% | | Tony Fernandes' QPR Asia Sdn Bhd | 55% | | Mittal family's Sea Dream Ltd | 11% |
The club will likely make announcements about the implications of these changes in the coming weeks.
Queens Park Rangers