Queens Park Rangers chairman Tony Fernandes has insisted that he has no intention of leaving the club following their relegation to the Championship.

Despite the fact that Fernandes has funded a number of reported big-money arrivals at Loftus Road over recent months, the R's were demoted today following their 0-0 draw away at Reading.

However, the Malaysian businessman has expressed his determination to put things right.

"Sorry to all QPR fans. But the plan goes on. Now more than ever. We owe it to you. Took three years to get Caterham (Formula 1 team) right. No quitting," he wrote on the social networking site Twitter.

The result at the Madejski Stadium also relegated Reading.