The 40-year-old, who has never been a club manager, led his country to the quarter-finals of Euro 2008 after topping a qualification group, which included England and Russia.
In that same year, the manager also led Angola to the quarter-finals of the World Youth Championship in Argentina.
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Magilton will be the Flavio Briatore-led board's fifth manager since they took over in August 2007 (with two caretakers: Mick Harford and Gareth Ainsworth) and QPR's seventh in three-and-a-half years.
In November, BBC Sport revealed that the League One had rejected a takeover bid from a group led by Swiss-based fund manager Sebastien Sainsbury.
After leaving London Jensen became a player-manager at Danish team Herfolge BK where he led the club to the Danish Superliga title for the first time in their history.
Peter Taylor, working on a match-by-match basis while still manager of Crystal Palace, led England to the finals and is expected to be in charge next year.
BBC: SPORT | Football | Internationals | England handed demanding U21 draw
Brown's main achievements as a manager came with Hull, whom he led to Championship play-off final glory in 2008 before keeping them in the Premier League during the 2008-09 season.
The combined firm's troubles recently led to the loss of a high-flying manager, Jamie Dimon.
He then joined Oswestry Town as player-manager before three years at Telford under brother Stan, and later led Bradford Park Avenue for seven years.
Strachan, winning the Manager of the Year award for the second time, has led Celtic to the Co-operative Insurance Cup this season and his team are a point ahead of rivals Rangers at the top of the Premier League.
It was a stirring display from the Eagles, and manager Neil Warnock led his players, many of whom may be sold in the financial re-structuring, into the centre circle to acknowledge the supporters.
The Galleon case led to charges against 23 traders, which included another former hedge fund manager, Richard Choo-Beng Lee.
FORBES: Insider-Trading Arrest Reveals Web Of Backroom Dealing
The selection of Smith by new general manager John Idzik seriously clouds the future of Sanchez, the team's first-rounder in 2009 who led the Jets to consecutive AFC championship game appearances but has struggled mightily the past two seasons.
Candidates already mentioned include Burnley manager Owen Coyle, who led his side to the Premier League on Monday with victory in the Championship play-off final, Motherwell manager Mark McGhee and West Brom manager Tony Mowbray.
Over the past three months, a small team led by Daft Punk (Thomas Bangalter and Guy-Manuel de Homem-Christo) and manager Paul Hahn has orchestrated a drip-feed marketing campaign that has left almost everything about the album up to the imagination.
Under their new manager, Tony Mowbray, the Glasgow side will expect a stern test from an Aberdeen side led by Mark McGhee - the former Celtic striker who had himself hoped to take over at Parkhead before rejoining one of his other former clubs.
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