QPR put faith in Ramsey
Chris Ramsey has been tasked with reviving QPR after being appointed head coach on a three-year contract.
The 53-year-old took temporary charge of Rangers in February in the wake of Harry Redknapp's resignation, but he could not prevent their relegation from the Barclays Premier League for the second time in three seasons.
Now he has been appointed until the end of the 2018 season Ramsey can focus on building for the future with QPR, who are in negotiations over a probable Football League financial fair play penalty which could be up to £58million.
Chairman Tony Fernandes said: "When Chris took over the role we were already in a very difficult position, yet despite our relegation, we - as a board - have been impressed with the professionalism and attention to detail he has demonstrated since becoming head coach.
"He lives and breathes management and coaching, and I am sure he will flourish in this role as we look to bounce back from this season's disappointments.
"This is a new start for us and one I am confident Chris will relish playing a major part in."
QPR's financial sanction is a legacy of their ill-fated Premier League campaign in 2012-13 but the Rangers hierarchy have vowed to take a different, more sustainable path under Ramsey's leadership.
"This is a fantastic opportunity for me and one I am tremendously excited about," Ramsey told qpr.co.uk.
"I enjoyed my time in temporary charge, despite the way the season panned out, and now I'm looking forward to the challenge of helping rebuild this club over the coming years.
"I am fully aware of what this club means to its supporters and I intend to do everything possible to help build a QPR team they can be proud of."
Although an immediate return to the Premier League is desired, the club are focused on "re-establishing the traditions of QPR", director of football Les Ferdinand said.
"Chris has impressed everyone here in his short time in charge," Ferdinand added.
"His coaching methods and techniques are second to none and with an opportunity to work with his own squad going forward, he is the ideal candidate for the role in terms of our new philosophy of nurturing young talent and promoting from within.
"Rebuilding the club is our first target. If we can make an immediate return to the Premier League, then great, but we have to focus on re-establishing the traditions of QPR.
"That will take time, but in Chris we have a man who is relishing the challenge that lies ahead."
A further announcement regarding Ramsey's backroom team will be made in due course.