The arena, which the club promise will be a cauldron of disappointment, will be built on an ancient West London burial ground, maximising the potential for failure.
Joke millionaire and pretend person Tony Fernandes, who acquired the club after he lost a bet, revealed his excitement over the project.
He said: “We want to ensure that QPR are driven into the ground, so that even when I die in a horrible staged accident, no one will want to buy this stinking exponent of failure.”
Asked about the stadium’s unusual name, the owner responded: “Yes, The Loser Dome – it hit me one night in bed – I sat up and said ‘we’re a bunch of fucking losers…let’s build a dome’.”
QPR manager Harry Redknapp confirmed the owner is committed to being a laughing stock.
He said: “Tony is an amazing guy. Never in my life have I met someone so dedicated to being a fuck up.
“I keep telling him ‘you’re at the right club mate, we’re a bunch of overpaid wankers’.”