Lotus boss to concentrate on F1 – for now 19/02/2010 |
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Lotus team boss Tony Fernandes has vowed to focus on Formula 1 after being linked with a string of football clubs.
The Air Asia chief failed in his bid to take over at West Ham and has also been mentioned as a possible investor in Portsmouth or Norwich City.
But he told Reuters: "Everything happens for the best, and maybe 'the best' was not for West Ham but to focus on motor racing for the moment.
"There is always a danger [of spreading your resources too thinly] – you have to pick the right time to do the right things."
Fernandes, however, still believes that there is money to be made from other sports.
"It is going through a little state of flux, and the easy money is gone, so sensible businessmen will come in and give their money to the right places and monetise those assets," he added.
"People aren't getting tired of watching sport – it is just the financial way it's been run that has caused the problems. There is no lack of appetite for going to watch sport – in fact, I think it is probably the best time."
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