Former Queens Park Rangers chairman Gianni Paladini has left the club by mutual consent.

Paladini initially arrived at Loftus Road in 2003 as part of a consortium of investors, before being appointed chairman two years later.

"QPR will always be very close to my heart and I am extremely proud to see the team playing in the Premier League," Paladini told the club's official website.

"I wish the club, players, staff and fans all the very best for the future."

Since Tony Fernandes took control of the club in August, Paladini had been assisting the club in advisory role.