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The 66-year-old manager he unconcerned by the proposed loss in earnings that he will have to take next season following the west London club's relegation to the Championship

QPR manager Harry Redknapp insists that he is not bothered about the prospect of taking a pay-cut when his side drop into the Championship next season.

The 66-year-old has seen his team relegated from the Premier League, with his £3 million yearly wage consequently set to be reduced.

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Chairman Tony Fernandes admitted that there would be pay cuts across the board following the club's relegation from the top flight but Redknapp is happy to do so in order to help the club progress.

"I saw in the paper that I'm taking a big cut in wages but money is not everything to me. I don't have to go to work really. It's because I want to," Redknapp told reporters. "I've got too much money to worry about that!

"It's not going to change my life one way or another now. I do it because I enjoy it. If I didn't have the hunger then I wouldn't come to work; I'd stay at home and play golf every day.

"I've enjoyed it here and I'd like to build a team that can get back up because I like the people here, I like the chairman and the fans.

"I still love the buzz. Trying to win, the ups and downs of it all."

A narrow 1-0 defeat to Arsenal and Reading's victory mean that the Rs are now rock bottom of the Premier League table with two games to play.

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