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Tony Fernandes finally admits he screwed up with QPR

May 24, 2013, 3:37 PM EDT

_65535458_hi017044631 AP

Tony Fernandes, the mercurial owner of Air Asia and, more importantly, Queens Park Rangers, has finally taken some blame for the relegation of QPR instead of shedding it left and right.

In a pair of radio interviews this morning, he discussed many of his operations, including Rangers and his Formula One racing team Caterham.

“You get excited and you get carried away and you throw away all the things you are very good at – planning and analyzing Fernandes said. “I think I was naive. I long for stability.”

The admission has been a long time coming, as QPR for the last two seasons blindly threw money at veteran players that didn’t fit together, finally not only dooming them to relegation but also leaving the now-Championship side strapped with an enormous wage bill.  Heck, he even signed Loic Remy because of a FIFA game the two played.

He’s now finally be saying all the right things, though.  They may not be exactly what fans want to hear, but it seems this season has taught the Malaysian entrepreneur some valuable lessons, and he’s treating this season as a brand new slate to start over.

“With QPR we are right back at the drawing board, and we are going to go back to my principles of life. You learn a lot when you are going down. You don’t learn a lot when you are doing great. I am not predicting we will bounce back up straight away, but I am working hard to make sure we have the right culture and right type of people in the club. If that means staying in the Championship for a couple of seasons to get it right, then that is worth it.”

He tried to stay upbeat about the club’s future, mentioning how many companies are bidding up for their kit deal, but in the end it didn’t work out. “We have done a lot of good stuff but screwed up with the major part.”

Rumors had even come out recently that Fernandes was set to sell Caterham to finance Queens Park Rangers in its journey back to the Premier League, but he shot down those rumors.

It’s about time Fernandes took the blame.  For months he’s been pinning their failed season on Mark Hughes, Neil Warnock, and even some players.  But as the top man, if the buck doesn’t stop there, where does it? Seems Fernandes may be finally on the right track.

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