AirAsia boss Tony Fernandes is taking charge of QPR.
The London Evening Standard says Fernandes will become a majority shareholder at QPR after agreeing to buy a 51 per cent stake in the club.
Initial negotiations seemed to ensure Fernandes' investment would only be enough to secure a role as chairman, with co-owners Flavio Briatore and Bernie Ecclestone still calling the shots.
However, Fernandes has agreed a deal to buy the majority of Ecclestone's shares to assume overall control.
It could mean a major power shift in the club with Ecclestone and Briatore owning just 16 per cent between them as Lakshmi Mittal still has a 33 per cent stake.
