Steve McClaren says he is fully aware money will be tight at QPR and that he has been brought in to coach the club’s young players.
Rangers have the prospect of a huge Financial Fair Play fine hanging over them and have been forced to reduce their playing budget.
But new manager McClaren, who has replaced the sacked Ian Holloway at Loftus Road, insists he is up for the challenge.
He told Sky Sports: “Every job is a coaching job – developing and making players better – but especially here where the budget’s not so big. Money’s tight.
“The academy has produced players. They’ve been given a chance and now they need developing and encouraging
“The owner, the board and management have done well over the last two years, got the budget down and encouraged young players to come through.
“They’ve been a breath of fresh air, the youngsters coming through, and we as a club ought to build on that.”
McClaren, whose last managerial job was at Derby County, has signed a two-year contract with the R’s.
He has also managed Middlesbrough, Newcastle, Nottingham Forest, FC Twente and Wolfsburg, having
initially made his name as Sir Alex Ferguson’s assistant at Manchester United.