Tony Fernandes insisted a plan is in place for QPR to deal with relegation back to the second tier but the club refused to comment further on their breach of Financial Fair Play.
Rangers' spell in the top flight lasted just one season and a 6-0 capitulation at Manchester City confirmed they would be taking their place in the Championship in August.
And Fernandes was keen to focus on the future of the club, instead of a second relegation in three years.
He added: “Obviously we’re all very disappointed that our fate has been sealed, but I don’t want to dwell on it. I want to focus on the future.
“We are aware of the financial implications of relegation and as a group of shareholders we remain 100 per-cent committed in the short, medium and long term.
“We have an opportunity to rebuild again and put in place the foundations to deliver long term success and stability at QPR.
“I can reassure all Rangers supporters that the building blocks are in place to move things in the right direction for the future, from the Academy upwards, to create a culture and philosophy within the club that QPR fans can be proud of.”
The Malaysian was, naturally, saddened after relegation to the second tier and paid tribute to the supporters who had to endure miserable day after miserable day.
Fernandes said: “It’s a sad and disappointing day for everyone connected to QPR.
“The Premier League is the toughest competition in world football, so we were well aware of the complexities of the task this season and unfortunately we’ve fallen just short.
“I feel desperately for the fans who have been absolutely fantastic again this season, as they always are.”
