 Warnock took charge of Crystal Palace in October 2007
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Queens Park Rangers have appointed Neil Warnock as their fifth manager this season after agreeing compensation with Crystal Palace.
Warnock, 61, has joined the Championship club on a three-and-a-half-year contract and replaces caretaker boss Mick Harford.
"This is the perfect time to come in, with the new chairman and structure in place," he told QPR's website.
"Loftus Road is always a place I love because of the fantastic atmosphere."
QPR chairman Ishan Saksena said Warnock was "always our number one target" as manager, adding: "He has great experience in English football and a phenomenal track record."
Palace are currently in administration, and Warnock confirmed to BBC Sheffield last week that the clubs were in talks.
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606: DEBATE
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But he said: "There is no way I am going to walk out. If they can agree compensation then that's different."
Rangers are three points off the Championship relegation places, while Palace went into administration last month and suffered a subsequent 10-point deduction.
It dropped them from play-off contention in the Championship to a battle against relegation.
The deduction capped a difficult period for Palace during which they were subject to a transfer embargo and players and staff had their wages delayed.
They also had to sell highly rated leading scorer Victor Moses to Wigan for a cut-price fee believed to around £2.5m.
QPR's turbulent season has also seen them part company with Flavio Briatore, who stepped down as chairman of Queens Park Rangers Holdings on 19 February.
Warnock, who guided Sheffield United to the Premier League in 2006, is the west London outfit's 12th manager in four years.
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