QPR chairman Tony Fernandes blasts transfer 'mistakes' under Harry Redknapp
Queens Park Rangers chairman Tony Fernandes has taken a swipe at the club's transfer policy during Harry Redknapp's spell as manager.
Following Redknapp's resignation as manager after three years in charge, Fernandes has promoted Les Ferdinand to Director of Football and plans to appoint Tim Sherwood as manager imminently.
In a statement to announce Ferdinand's new role, Fernandes criticised the "mistakes" made in the transfer market during the last few years, a reference to the spell under Redknapp and before him Mark Hughes.
Redknapp resigned after a fractious transfer deadline day in which the club failed to sign anyone and Redknapp repeatedly told reporters that transfers were the responsibility of Ferdinand. Redknapp cited pain in his knees as the reason for his departure.
Fernandes said: "I've had many messages from supporters, of all ages, who aren't - for one reason or another - satisfied with what's going on at QPR at the moment, but I can reassure all Rangers fans that we are putting the building blocks in place to move things in the right direction for the future.
"We've made a number of mistakes in the transfer market over the last few years and it's something we want to change.
"We don't want to be a buying club - we want to nurture young talent and build a young, ambitious team."
Ferdinand and Chris Ramsey, who also worked with Sherwood at Tottenham, are currently overseeing team affairs ahead of Sherwood's apparently inevtiable appointment.
Ferdinand returned to Loftus Road last October as head of football operations, a title which Redknapp described as "stupid".
Now Ferdinand's role has been redefined, with responsibility for the whole football department, Fernandes announced on Tuesday.
Fernandes said: "I've been really impressed with the job Les has done in his short time here and as such I am keen for his role to evolve, with the clear mandate of assisting us in developing and evolving the footballing department, from the academy to the first team.
"This is a new strategy for us. Our recruitment policy at QPR is changing.
"We want to develop a philosophy of buying young, hungry players, who can go on to forge decent careers with us.
"Premier League survival is our priority in the short term, but in the medium and long term we want to make sure everything is in place, from the academy upwards, to create a culture and philosophy within the club that QPR fans can be proud of.
"Les bleeds blue and white and working closely with the first team and academy management, particularly in recruitment, he is going to play a key role in moving us forward over the coming months and years."
Former England, QPR, Tottenham and Newcastle striker Ferdinand is relishing his latest challenge.
"Everyone knows what this club means to me and if anything the last few months have only enhanced the feelings I have for QPR," the 48-year-old said.
"Working closely with Tony and the Board, I can assure QPR fans that they are desperate to create a lasting legacy at Loftus Road and the role of Director of Football will be hugely important in terms of where we want to take this club in the future.
"Some of the management courses I've taken over the last few years were with a role like this in mind, so I couldn't be more delighted."