Tony Fernandes' takeover of QPR is expected to be confirmed on Thursday morning.

Premier League club set to make announcement on Thursday

Tony Fernandes' takeover of QPR is expected to be confirmed on Thursday morning after the Premier League club revealed they are set to make an announcement. Malaysian airline entrepreneur Fernandes is thought to be taking majority control of the club, which secured promotion to the Premier League last season. Fernandes, owner of the low-cost airline AirAsia, is to buy a 51 per cent stake from Formula One chief Bernie Ecclestone. Ecclestone has been the majority owner of QPR for the past five years. Fernandes, who watched as QPR's Premier League campaign started with a 4-0 defeat at home to Bolton, said on Sunday he expected the situation to soon be resolved. "I am in discussions," he told. "I think over the next two to three days, one way or another, they'll be some sort of announcement. That's for sure."