Tony Fernandes to focus on AirAsia after selling all QPR shares, ending co-ownership of football club

Capital A CEO Tony Fernandes has disposed of his entire shareholding in QPR Holdings, the parent company of Queens Park Rangers Football Club (QPR) said on Monday. Capital A also said that this strategic move will allow Mr Fernandes to concentrate his time and efforts on expanding AirAsia and Capital A's digital businesses, and aligns with his vision to drive growth and innovation in these key sectors. "This is a sad day for the club, and for me in particular because Tony and I joined the club together (in 2011)," said the Championship club's majority shareholder Ruben Gnanalingam. "There have been some incredible moments during that period, particularly our survival in the (English) Premier League in 2012 and our play-off success in 2014. We thank Tony wholeheartedly for his endeavours and there will always be a place for him at the club." Fernandes, who acquired QPR more than a decade ago alongside Gnanalingam and Kamarudin Meranun, said stepping away from QPR was a difficult decision, but his time and expertise were needed elsewhere.<br/>