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Fernandes won't buy West Ham

PUBLISHED: 13:24 23 December 2009 | UPDATED: 15:25 05 October 2010

Malaysian budget carrier AirAsia CEO Tony Fernandes gives a press conference in Colombo on August 18, 2009. AirAsia added Colombo to its growing network with a daily frequency from Kuala Lumpur. Fernandes said the airline has sold 30,000 seats out of Colombo since the launch and is fully booked till next April. AirAsia plans to increase the frequency to five flights a day in the coming months, routing passengers from Malaysia, Thailand and Indonesia.  AFP PHOTO/Ishara S. KODIKARA. (Photo credit should read Ishara S. KODIKARA/AFP/Getty Images)

Malaysian budget carrier AirAsia CEO Tony Fernandes gives a press conference in Colombo on August 18, 2009. AirAsia added Colombo to its growing network with a daily frequency from Kuala Lumpur. Fernandes said the airline has sold 30,000 seats out of Colombo since the launch and is fully booked till next April. AirAsia plans to increase the frequency to five flights a day in the coming months, routing passengers from Malaysia, Thailand and Indonesia. AFP PHOTO/Ishara S. KODIKARA. (Photo credit should read Ishara S. KODIKARA/AFP/Getty Images)

2009 AFP

Malaysian entrepreneur Tony Fernandes has revealed that he will not be making a bid to buy West Ham

Malaysian entrepreneur Tony Fernandes has revealed that he will not be making a bid to buy West Ham.

The Hammers fan had been linked with a move to purchase the club, but after resurrecting Formula One team Lotus, the Air Asia owner has revealed he has no time to run a football club.

"No (I won't bid for West Ham), not any time soon. I've got my hands full setting up a Formula One team so it's not something I'm going to do," he told the Evening Standard.

Fernandes did however express his fears about the immediate future of the club, as reports of financial uncertainty at Upton park fail to go away.

"I do worry about the future of West Ham. They're in a precarious situation and have been badly managed with a poor balance sheet," he said.

"The fans, of which I'm one, deserve better, but it's not particularly tempting for a buyer.

"But West Ham are a fantastic club that deserve a fantastic owner and they haven't had that for a long time.

"If you look at Chelsea and Manchester United's line-ups for example, there are so many former Hammers there which is so sad for us.

"A lot of great players have left the club and the club need to become great once again."

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