Mark Hughes has been named as the new QPR manager and is set to be handed an immediate £15m transfer kitty to spend in January.
The former Blackburn and Manchester City boss has signed a two-and-a-half year deal at the club to replace Neil Warnock, who was sacked on Sunday, and his first job is to ensure they survive this season and then start to think about the future.
With that in mind, he is thought to have been handed a £15m transfer pot to make January signings, after returning to management for the first time since last summer, having stepped down from his post at Fulham.
"It's a great feeling to be back in football and to be the Manager of QPR," he told the club's official website.
"I'm fully aware of the challenge in the short and long term and I am genuinely excited about the ambition of the owners.
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Nobody can doubt the history of this great Football Club and the passion of its fantastically loyal supporters.
"Now the immediate priority is to consolidate our place in the Barclays Premier League, but beyond that, the future is very bright and fills me with great enthusiasm."