The 49-year-old was in charge of the Eastlands outfit when Thaksin Shinawatra sold the club to the Abu Dhabi United investment group, fronted by Sheik Mansour bin Zayed Al Nahyan, on 1 September 2008.
The Welshman lasted a further 15 months at Eastlands amid rumours about possible managerial replacements as City struggled to break into the top four and was eventually sacked and replaced by Roberto Mancini.
With QPR still without a victory in the Premier League this term, Hughes is once again facing questions over his future, but the Hoops boss is confident he has the support of Tony Fernandes and the other majority shareholders.
“I had that [speculation about his job] for 18 months, we’ve only had it a couple of weeks here so it doesn’t really faze me to be honest,” said Hughes.
“We are where we are. We’ll get on with the job. The difference is here I’ve got a great relationship with the owner and the shareholders, and everybody
connected with the club.
“There are good lines of communication, and if there are any concerns, because of that, we can allay them very, very quickly.”
The former Manchester United striker also maintains his future at QPR does not hinge on avoiding defeat by Reading at Loftus Road on Sunday, despite his side residing at the bottom of the table.
“How many times can Tony [Fernandes] talk about being fully behind what we’re trying to do? One game isn’t going to change that,” he added.
“We know over a period of time we will get maximum points in the Premier League because we did it last year with a team that wasn’t as good as the team we have now.
“We know at some point in the future, we will win Premier League games because we have that capacity.”
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