QPR chairman Tony Fernandes has revealed that there is a plan in place to deal with the club's drop from the Premier League.

The R's were consigned to the Championship after losing 6-0 at Manchester City on Sunday and despite reportedly being in financial trouble, owner Fernandes was remaining positive about what is ahead for the west Londoners.

"Obviously we're all very disappointed that our fate has been sealed, but I don't want to dwell on it. I want to focus on the future," he said.

"We are aware of the financial implications of relegation and as a group of shareholders we remain 100 per-cent committed in the short, medium and long term.

"We have an opportunity to rebuild again and put in place the foundations to deliver long term success and stability at QPR.

"I can reassure all Rangers supporters that the building blocks are in place to move things in the right direction for the future, from the Academy upwards, to create a culture and philosophy within the club that QPR fans can be proud of."