Queens Park Rangers owner Tony Fernandes has confirmed that Harry Redknapp will be in charge of the club next season.
QPR were relegated from the Premier League on Sunday after a 0-0 draw with Reading, who also went down, but Redknapp afterwards indicated a willingness to stay at Loftus Road.
Fernandes confirmed to the Daily Telegraph on Monday: "I can say, for the record, that Harry is staying."
He later told QPR's official website that, after a meeting with his manager, he was positive about the future and that Redknapp would not be forced to offload players against his wishes.
"I have had a positive meeting with Harry," Fernandes said. "I don't think there was any point where he was thinking of not being with us and continuing this project he has embarked upon.
"Harry is a football man, and he knows what he wants in terms of players. We had a good discussion today with Ruben [Emir Gnanalingam], Philip [Beard, chief executive officer] and Mark [Donnelly, chief operating officer] on the kind of players we want next season.
"Harry will not be forced to sell any players he wants to keep. We had a very good discussion on this. Harry has been very pragmatic, and the shareholders have been very pragmatic. There are some players that we really want to keep, and we will do our best to keep them. I think we will.
"It was a good meeting because we are all very clear on the timelines, we're very clear on what to do. We may not get everything we want, but I am comforted by the fact we have a plan."
Fernandes, in an interview with Sky Sports News, also strongly dismissed suggestions that the club would be in severe financial trouble after failing to secure their place in the Premier League next season.