Winless Rangers lie bottom of the Barclays Premier League having picked up just three points from nine matches, despite a heavy outlay on new players over the summer. Fernandes, however, is refusing to panic about the team's position.
After a battling 1-0 loss to Arsenal last weekend, the Malaysian entrepreneur gave his full backing to Hughes on Twitter and took the same stance on QPR's London Call-In show. "You can't blame Mark for the position we're in but we're a vastly more consistent team than we were," said Fernandes.
"The team has got the makings of a great team and Mark can get the best out of them. I'm an old fashioned guy that believes in stability and changing things is going to achieve nothing. Cream eventually rises to the top. I'm fully behind Mark, as are the shareholders. We haven't had luck but we have enough quality in the squad."
Hughes succeeded Neil Warnock as QPR manager in January and the team avoided relegation from the Premier League on the final day of the 2011-12 campaign.
The Welshman recruited a raft of new players over the summer, including goalkeeper Julio Cesar from Inter Milan, Park Ji-sung from Premier League rivals Manchester United and midfielder Esteban Granero from Real Madrid. But so far this term the London outfit have lost six and drawn three of their nine top-flight fixtures.
Fernandes, who was announced as the majority shareholder at Loftus Road in August 2011, has backed the team to come good and was particularly buoyed by watching the side train on Tuesday.
"We've got tremendous quality at the club," he said. "I went down to the training ground and the players' spirit was exciting for me, there was real camaraderie there.
"Some of them are big stars, they love what they're doing here, we think we've made the right decisions. We knew we had to strengthen some areas and it seemed to make sense at the time so we went for it.
"I don't regret any of the signings I've made. If you had read interviews I gave at the start of the season I said it was going to be tough because they (the new players) needed to gel."
Source: PA
Source: PA