Queens Park Rangers chairman Tony Fernandes has admitted that he has been "naive" in running the West London club.
Harry Redknapp failed to keep the R's in the Premier League this season after he was appointed as Mark Hughes's successor during the campaign.
The former Tottenham Hotspur boss has become the third manager at Loftus Road since Neil Warnock led the team to top-flight promotion in 2011.
"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 Sky Sports News.
"I think I was naive. I long for stability. I hoped it would come with Mark, 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."
Meanwhile, Redknapp has expressed that he would like to remain with the club for their first season back in the second tier of English football.
Danielle Joynson
