Queens Park Rangers chairman Tony Fernandes has taken responsibility for the club’s relegation from the Premier League.
QPR endured a torrid season in the top flight, securing just four league victories as they slumped to a bottom-placed finish.
And while Fernandes insists the club will not be forced to sell their best players, he does not envisage an instant return to the top-tier of English football.
“We did a lot of things wrong and I f***** up,” Fernandes said.
“With QPR we are right back at the drawing board, and we are going to go back to my principles of life.
“With all due respect if I’d been every day at Loftus Road, I dare say it would have been a bit different.
“We have to give more autonomy to our CEO at QPR, and Harry Redknapp and the management team.
“There is no financial pressure to get rid of any of the players. If you look at that squad, the players are good, they just haven’t played together.
“You learn a lot when you are going down. You don’t learn a lot when you are going great. We have got what we need but I am not predicting we will bounce up straight away.
“I am working hard to make sure we have the right culture and the right type of people in the club.
“If that means staying in the Championship for a couple of seasons to get it right, then that is worth it.
“We have got players who want to with us long-term, but what they are being paid now might not be what they are being paid next season.”