Redknapp takes over the struggling club following Friday's announcement that manager Mark Hughes' contract had been terminated. The 49-year-old Hughes had just taken over QPR in January, but the squad's inability to battle out of bottom of the Premier League undoubtedly lead to his dismissal.
Through 12 matches, the Rangers are the only team to not win a match, and they are in last place in the table with just four points. With relegation staring them in the face, making a move was necessary to help salvage the season.
For even the most casual fan, Redknapp is a name that certainly won't be a stranger. The new Rangers manager has spent much of his post-playing career at the helm in the Premier League, most recently with Tottenham Hotspur.
Redknapp was the manager for Tottenham from October 2008 through June 2012, when he was let go after the club's disappointing 2011-12 campaign.
Since his dismissal, the 65-year-old manager had become a hot name for teams looking to fill vacancies. According to the BBC, Ukraine's national team had Redknapp as an ideal choice to replace the departed Oleg Blokhin.
Nevertheless, the lure of the Premier League was too much for Redknapp to ignore. It will take a ton of work to help fix QPR's deficiencies, but he certainly has all the tools to get it done.
In his nearly 30-year managerial career, Redknapp has put together a record of 520 wins, 318 draws and 437 losses for a winning percentage of 40.82.
Getting to his career percentage may prove difficult with QPR, but from the team's perspective, hiring Redknapp was a no-brainer.