Queens Park Rangers director and co-owner Amit Bhatia has stepped down from the club's board after agreeing to transfer his ownership stake to majority owner Ruben Gnanalingam.
Bhatia joined QPR in 2007, serving as vice-chairman before becoming chairman in 2018, a position he held until 2023.
"Since joining the club in 2007, QPR has been a deeply important part of my life and my family's life," Bhatia told the club website.
"Over nearly two decades we have shared promotions, relegations, unforgettable highs and painful lows, and the memories we have made at Loftus Road alongside the supporters will stay with us forever."
"I step back from my formal responsibilities with pride, gratitude and affection. I want to thank the players, managers, staff, the Community Trust, my fellow board members and, above all, the fans, who have made me and my family feel part of the QPR family for so many years," he added.