Sky Sports News understands Tony Fernandes has completed his takeover of QPR and has bid £4m for Scott Parker.

Fernandes wastes little time after taking over at Loftus Road

understands Tony Fernandes has completed his takeover of Queens Park Rangers and has bid £4million for Scott Parker. The Premier League club are set to make an announcement on Thursday morning to confirm the news, but the Malaysian airline entrepreneur is wasting little time in looking to improve the squad. Fernandes is understood to have acquired a 66 per cent stake in QPR from Bernie Ecclestone, while former vice-chairman Amit Bhatia has returned to the same role with a holding of 33%. The pair are said to be in full support of manager Neil Warnock and are prepared to offer backing in the transfer market, with West Ham midfielder Parker identified as a target. Whether the Hammers accept a fee of £4m for the England international remains to be seen amid reports a valuation is set closer to £8m. But Fernandes, who watched as QPR's Premier League campaign started with a 4-0 defeat at home to Bolton, wants to bring quality to Loftus Road in order to improve the playing squad.reported on Tuesday QPR had made an enquiry regarding Liverpool outcast Philipp Degen.