Club owner Tony Fernandes this evening suggested that red-hot favourite Tim Sherwood will not become Queens Park Rangers' new manager.

It has been widely reported that former Tottenham Hotspur boss Sherwood will replace Harry Redknapp, who resigned a week ago, at Loftus Road, but Fernandes said in a tweet that the press were "wrong".

"Think I have got my dream manager," he wrote. "Not what anyone thinks. Take a while. Still a bit to go but I'm very happy. Press all wrong."

Michael Laudrup's odds to be the next QPR boss have dropped significantly this evening from 50/1 to 5/1.

Chris Ramsey is in caretaker charge of the club for tonight's trip to Sunderland as QPR look to end their dismal away record this season - they have lost all 11 league games on the road.