QPR chairman Tony Fernandes is confident this season's relegation is only a blip in the current board's future plans.

Fernandes accepts mistakes were made in the pursuit of sustained success, but insists a plan for long-term stability is now in place.

"We are in a position now we can trade, which we were never able to do because we were just buying, buying and buying," he said.

"We inherited a club which was in pretty poor shape, no training ground, a stadium which is clearly too small and a squad which really was not up to the Premier League.

"Much can be said about the buying process, but no-one can say we should have kept the squad as is.

"You could question some of the buys, but at the time you have to go with what the management says is good.

"I don't want to say it was anarchy and that just anyone came (here).

"We did not spend a lot in terms of transfer fees, which everyone fails to look at, apart from in the last transfer window when we brought Remy and Samba.

"There is a wage we are comfortable with now, how long we sign a player for and the wages we are looking at, that we have cleared up over the last few months."