Fernandes is plotting £100m move to buy QPR

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Air Asia tycoon Tony Fernandes is plotting a £100 million ($163 million) move to buy Queens Park Rangers, according to the 'Mirror'. The multi-millionaire Malaysian businessman, who is team principal for Formula One outfit Team Lotus, is growing increasingly confident of striking a deal to take control of the Barclays Premier League club, the report said. Fernandes, 47, has already been shown around Loftus Road and talked to manager Neil Warnock about transfer funds as Rangers plan for their return to the top flight.

In an earlier news, Co-owner Bernie Ecclestone commented in April that '£100 million would be enough to take over the west London club'.

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A QPR statement confirmed "preliminary discussions" had taken place over the sale.

West Ham fan Fernandes lost out to David Gold and David Sullivan in his bid to buy the Hammers in January 2010 but claimed earlier this year that he was still looking to invest in the club.