The owner says the club need stability after a turbulent spell and feels his side might not return to the Premier League at the first attempt
The Hoops finished bottom of the pile in the top flight and endured a turbulent season with Mark Hughes fired after just 10 months in charge, and replaced by Harry Redknapp.
Fernandes backed his new manager during the January transfer window, spending heavily on Chris Samba and Loic Remy, yet the duo were unable to change the club’s fortunes and the owner believes the Hoops need stability.
"You get excited and you get carried away and you throw away all the things you are very good at - planning and analysing," Fernandes told reporters.
"I think I was naive. I long for stability. I hoped it would come with Mark [Hughes], hoped it would be with Neil Warnock. You cannot build anything successful unless you have stability. I am an old-fashioned believer in that.
"We are right back at the drawing board, and we are going to go back to my principles of life...we have to give more autonomy to our CEO at QPR, and Harry and the management team.”
QPR join Reading and Wigan in the Championship next season and Fernandes is well aware that adjusting to life in the lower divisions can be hard and is not predicting a return to the top flight at the first attempt.
"I am not predicting we will bounce up straight away but I am working hard to make sure we have the right culture and the right type of people in the club,” he continued.
"If that means staying in the Championship for a couple of seasons to get it right, then that is worth it.
"I think the things we have done successfully is we have listened to the fans. Look at the kit next season, it is what the fans want.
"We have four major companies bidding for our shirt when the Lotto deal finishes. We have done a lot of good stuff but screwed up with the major part."