The London club's relegation from the Premier League was confirmed on Sunday following a 0-0 draw with Reading at the Madejski Stadium.

But Fernandes is upbeat about the squad restructure required as QPR prepare for life in the Championship.
"We've been through who Harry wants to keep and who he is happy to let go," he told the club's official website. "There are some that will want to stay, others that might want to move on.

"I am a positive person, so people will say I'm not being realistic, but if you go through player by player, we'll sort it out. It's not insurmountable.

"Every football club in England has players that the manager would rather was not there – that's a function of the game.

"I don't think we're going to be in a bad position from that. We'll come out of it okay.”

Fernandes also explained that, unlike in previous transfer windows, QPR expect to recoup some funds through player sales.

"A lot of our investment has gone into building up the squad," he added. "Now we're in a position where we can trade.
"We weren't able to do that before – we were just buying, buying and buying.
"The policy was how long do we sign a player for and what kind of wages are we paying. That's all been cleared up now though.
"I think a lot has been made of us letting players from the Championship winning side leave the club, but if you go through all of those players who moved on that had contracts with us, none of them moved on to go and play in the Premier League.
"Some of them are playing in the bottom half of the Championship."