Following negotiations last week, the Directors of Queens Park Rangers Football Club are pleased to announce that they have exchanged contracts on a deal that will see Fulham play at Loftus Road for the 2002/2003 season.
Loftus Road plc Chief Executive David Davies said: "We are very pleased to announce this deal which will bring much needed revenue into the company and will make QPR a more attractive proposition to a potential buyer. A lot of hard work has gone into this deal and I'd like to thank all the staff for their efforts.
Fulham Football Club's Chairman, Mohamed Al Fayed, commented:
"I am delighted that we have now secured a temporary home within the borough and we will be working hard with our supporters and other parties during the coming months to ensure a smooth transition. Both Fulham and QPR will be arranging a series of forums to meet members of the local community to discuss the new arrangements.
I am personally very pleased that we are able to offer help to QPR through what is a very difficult time in the club's history, the survival of local clubs steeped in tradition is of paramount importance to me."
Subject to Football League and Premier League approval.