QPR’s owners have effectively wiped out the vast majority of the club’s huge debt by writing off more than £180m.

Directors’ loans worth around £180.6m have been converted to equity – a move the Rangers hierarchy say means the club is no longer liable for the debt.

Documents lodged with Companies House prompted speculation that the owners were looking to sell up.

They insist they have no plans to do so and are simply looking to place the club on a more secure financial footing.

The move could also improve the club’s chances of limiting a fine imposed for breaching Financial Fair Play regulations.

The owners announced in March that they had written off £60m, reducing the club’s losses for the year ending in May 2014 from close to £70m to just under £10m – a decision again made with FFP in mind.

Rangers’ co-chairmen Ruben Gnanalingam and Tony Fernandes will meet with director of football Les Ferdinand in Malaysia on Tuesday to discuss the club’s search for a new head coach.