Fernandes said on Sunday that he would relinquish his ownership of the west London club should he fail to fix the problems that have seen Rangers plummet to the foot of the table.
The Malaysian businessman's claim came just after fans attacked him for his leadership of the club in the wake of their FA Cup defeat to MK Dons - the latest in a series of embarrassing losses Harry Redknapp's beleaguered team.
Although QPR fans are happy with the level of investment Fernandes has put in to the club since he bought it in 2011, many are disappointed that he has chosen to invest it on sub-standard and over-paid players.
Despite the attacks on Twitter, Fernandes said he had received a wealth of support since his original tweet and said he would stay at the club regardless of what happens in the future.
Fernandes tweeted: "Fantastic response from QPR fans. Good chat with Harry. I'm a fighter so if fans want me to stay I stay whatever happens. End of subject. Thank you all."
The news will come as a relief to many supporters as Fernandes' exit could have serious consequences for the club's long-term financial future.
Several of the squad's highest-paid players do not have relegation wage-drop clauses in their contracts so any demotion from the financially-rewarding top-flight would hit Rangers hard.
Fernandes received a huge vote of confidence from Redknapp on Monday. "It would be a big blow for this club if he ever left. I'm not just saying that because he's the chairman," Redknapp told a press conference.
"He's trying harder than anyone to put right what's gone wrong. His heart is in the right place and he loves the club. They (the fans) are fortunate to have a chairman like him."
- Sports & Recreation
- Harry Redknapp