The Rs owner says that the club will be in a financially stable position even if they drop into the Championship, with reports of a huge wage bill "blown out of proportion"
The club's wage bill is estimated to have doubled to £56 million since promotion to England's top flight, while registering a loss of £22.6m as debts jumped 57 per cent to nearly £90m in the latest financial figures released in March.
|4/1||QPR are 4/1 with BetVictor to avoid relegation from the Premier League
When asked whether he feared relegation would ruin the club, the Rs chief told reporters:"No fear at all. If we went down, we would just have to come back up.
"Our wage bill is a lot lower than being quoted. It has been blown out of proportion. We are not that far away from [operating within] Financial Fair Play anyway."
QPR are currently bottom of the Premier League, seven points adrift of safety after losing 3-2 to Aston Villa in their last outing, but Fernandes recently announced that he had made a "lifelong commitment" to the club and urged fans to "focus on the future".