New stadium will be sponsored by Air Asia and hold twice as many fans as Loftus Road. Construction may cost up to £150 million, according to The Sun, who expect the club to show details soon.
It's no secret that billionaire Tony Fernandes is thinking of relocating QPR after he bought the club in 2011. Loftus Road is simply too small and shows no chance of significant expansion due to extremely dense housing around.
Already last year the club were analysing several potential plots for the new stadium, but no solid plan has been presented since. According to The Sun, this is to change soon despite the club being relegated to the Championship for upcoming season.
New stadium would hold 35,000 people, doubling the capacity of Loftus Road. Very significant cost of some £150 million would be compensated to some extent by naming rights deal with Air Asia, airlines also owned by Fernandes.