Rangers chairman Tony Fernandes accepted the former Tottenham boss' resignation just a day after tweeting there would be "no more cheque book" as the transfer window closed on Monday.

Redknapp had been under intense pressure for months with QPR languishing in a relegation dogfight, fending off what he claimed was a club insider trying to undermine his position.

Redknapp continuously claimed to have the backing of chairman Fernandes despite being rumoured to be one game from the sack on three separate occasions this season.

Head of football operations Les Ferdinand has taken temporary charge, supported by Chris Ramsey, while QPR seek a new manager.

Former Tottenham boss Tim Sherwood is the early favourite to replace Redknapp and link up again with Ferdinand, who was part of his White Hart Lane coaching staff.

"Sadly I need immediate surgery on my knee which is going to stop me from doing my job in the coming weeks," said Redknapp in a QPR statement.

"It means I won't be able to be out on the training pitch every day, and if I can't give 100 per cent, I feel it's better for someone else to take over the reins.

"My relationship with Tony Fernandes has been one of the highlights of my footballing career and I wish the club every success. I am confident they will survive in the Premier League this year.

"I have had such a fantastic time at QPR. I would like to thank the board, the players and all my staff, and especially the supporters who have been absolutely fantastic to me since I arrived at the club for their tremendous support."

Redknapp had continuously claimed he needed to add a host of January reinforcements to his squad in his bid to help QPR avoid the drop.

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Harry Redknapp quits QPR job due to knee surgery

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23.15 Some chat on The Twitter that Coquelin may actually be about to sign a contract extension at Arsenal. Quite a month for him.

And quite a day for me, hauling this blog through the final eight hours during which Arsenal steadfastly refused to do any business at all. You've been great, I've been exasperated, and, for now at least, we're done. Until next time...

Please all head over to our main Transfer Deadline Day blog being run by Thom Gibbs until 01.00. God speed to him.

23.07 Adebayor going nowhere. Not QPR, not West Ham. Nowhere. Staying with Spurs. It was all a trap, get out, get out quick.

23.06 Now just 209 days, 23 hours, 54 minutes and 38 seconds until the summer transfer window closes.

23.01 Paul Merson removes his microphone and heads for his taxi. Devastated to learn he's contracted for another half hour, taking us past closing time of course.

23.00 News.

22.59 Ha ha ha.

22.57 Three minutes to go. Adebayor still flapping around on the North Circular.

22.55 I'm going to get up and sing Danke Shoen at 23.00 but first let's reflect, for a final time, on a successful January for Arsenal.

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Arsenal transfer news and rumours: deadline day as it happened

For a while, Spurs meant Harry, and there are races as yet undiscovered on Pluto who have a word for talking through the car window on transfer deadline day in the manner of Harry Redknapp (below). Or bare bones, in their dialect.

Probably Spurss greatest moment of squeaky bum transfer business was in summer 2010 when Harry managed to land Rafael van der Vaart for the absolutely bargain basement sum of 8 million, a paltry sum for a triffic player such as the Dutch master.

Tottenham have also come with a late run for the likes of Roman Pavlyuchenko, who cost 10 million and was intended as a replacement for Dimitar Berbatov. Not to get too technical, but he wasnt a replacement for Dimitar Berbatov. He was more of a latter-day replacement for Sergei Rebrov, and nobody wanted that.

For some reason, a lot of Tottenhams last-minute dealings seem to have involved players leaving rather than coming. Jermain Defoe (below) scurried out of White Hart Lane to Pompey where he set the South Coast alight with a 17 goals in 36 appearances, form so impressive that he was lured back to Tottenham the following January.

Steven Pienaar is another one who has seen things look up away from the Lane, while Danny Murphy enjoyed something of a new lease of life when he left Tottenham in summer 2007 to Fulham. He will always have a place in the hearts of those down at Craven Cottage after a header on the final day of the season versus Pompey kept the Cottagers up.

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Tottenham Hotspur transfer deadline day: A brief history

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