The Italian spoke to Rangers' owner Flavio Briatore before Luigi de Canio took the post.
Francesco Guidolin said QPR would not have been the 'right choice' for him
Guidolin said: "London fascinates me, but I knew it wasn't the right choice so I didn't consider it."
Meanwhile QPR defender Martin Cranie broke his leg in the 2-1 defeat against Coventry.
The England Under-21 international has played six games since moving on loan from Portsmouth last month but has now returned to Fratton Park.
"Martin has been fantastic since he joined us and it's a real blow," said Rangers physio Paul Hunter.
Cranie wasn't the only QPR casualty last night as Mikele Leigertwood broke his nose while Marc Nygaard suffered a hamstring injury.
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Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
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News pictures of the day
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The Glamour Awards - stars turn on the style
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Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train
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Chelsea have the League’s highest wage bill for eighth year in a row
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Locked up and banned: The Tube drunk whose vile racist rant was caught on film (video)
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British housewife facing FIRING SQUAD over Bali drugs smuggling charge was 'neighbour from hell' -
London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
Video: Intruder bursts into Leveson Inquiry to brand Tony Blair a war criminal
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning 
Eton schoolboys fly Games flag on Everest 
Shrimpy's - review 
London Fields forever: street style from the hippest park 
The O2
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Summer party
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First review
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Dog save the Queen
A better ex than husband
Best of the Baftas
