It's been announced Tony Fernandes has sold up at QPR.

The former co-owner has sold all his shares in QPR and left the club.

"This decision to step away is made with a heavy heart," Fernandes said.

"I would like to thank the supporters who I have experienced the last decade of adventures with. I will continue to look out for QPR's results and wish the board nothing but success for the future."

Majority shareholder Gnanalingam added: "This is a sad day for the club, and for me in particular because Tony and I joined the club together.

"There have been some incredible moments during that period, particularly our survival in the Premier League in 2012 and our play-off success in 2014.

"Of course, there have been challenges too but Tony's good intentions for the club can never be doubted."