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

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KUALA LUMPUR: Capital A chief executive officer Tony Fernandes has disposed of his entire shareholding in QPR Holdings, the parent company of Queens Park Rangers Football Club (QPR) said on Monday (Jul 10).

has disposed of his entire shareholding in QPR Holdings, the parent company of Queens Park Rangers Football Club said on Monday .

"This is a sad day for the club, and for me in particular because Tony and I joined the club together ," said the Championship club's majority shareholder Ruben Gnanalingam. "We thank Tony wholeheartedly for his endeavours and there will always be a place for him at the club." “Now that AirAsia is coming back in full throttle and growing again, I owe it to Allstars and our shareholders to give 100 per cent of my focus in rebuilding the airline business and expanding digital companies to provide a tremendous value for ASEAN people, where there is strong demand for low-cost, high-value products and services,” he said.

 

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