QPR are currently second from bottom in the league table with 24 points from 33 matches, 10 points adrift of safety.
"He'd be the King of London if he pulls off another miracle," ESPN quotes him as saying. "Otherwise, he will do it next season and there will be a lot of changes.
"It's very hard to judge a job over a short period but he has always been a fighter. It's only this time last year we were talking about him being the England manager. He's a football nut and you see him going on and on like [Manchester United manager] Sir Alex [Ferguson].
"He couldn't sit still for two minutes. He enjoys a lot of other things like his family and grandchildren. He has a lot of friends and family and loves his racing. But football is in his blood."
QPR will host Stoke City at Loftus Road on Saturday.