Redknapp hopes to be at Manchester United today to assess his new squad following Mark Hughes’ sacking yesterday.
Redknapp, 65, told The Sun: “It is a challenge. The team is in a desperate situation. But if things are right with QPR it could be a good deal for everyone.”
The former Tottenham chief was last night putting the finishing touches on a deal to take charge at the Premier League’s bottom club.
He said: “They have got to start performing. That’s what they’re paid to do. I’ve now got to get the best out of them.
“I wouldn’t expect too much to happen in January. They’ve got a big staff, they got about 12 players in over the summer and you can’t keep bringing in players.
“If we need to get a couple of loans or something then we’ll do that. We don’t need a massive spend-up.”