Harry Redknapp has backed Tony Fernandes's decision to limit Queens Park Rangers to loan signings in January.

The R's boss had hinted that the club would be unlikely to strike permanent deals during the mid-season window, but the ex-Tottenham Hotspur boss believes that the choice to restrict recruitment is good for the financial health of the club.

He is quoted by the Daily Mail as saying: "I knew things were tight so it is no surprise. We hold 18,000 people [at Loftus Road] so what can you do? You can't keep ask people to throw money in; they did their dough a few years ago.

"I understand the situation. It is good. We've got to be careful haven't we? I think we will stay up but if the worst comes to the worst you don't want to leave a situation where you are stuck with a load of players that you can't shift.

"I had to get rid of 15 the other year and we had to pay half of them up to go."

Rangers face a trip to fellow Premier League strugglers Burnley on Saturday.