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Tony Fernandes says he has 'lost money big time' at QPR but insists he has 'no plans to sell'

Speaking to BBC Hardtalk's Stephen Sackur, Fernandes also confirmed that plans were still in place as the club look for a new stadium site in London.

QPR co-Chairman Tony Fernandes says that he has "lost money, big time" while he's been at the club but insists that he won't be selling.

Speaking to BBC Hardtalk's Stephen Sackur, Fernandes spoke of the ups and downs involved in running a business, but says that the club has "a lot of potential".

Talking about his time at the club, he said: "It provides immense joy. I've been incredibly high and incredibly low but it's a phenomenal passion. It can be run as a business, and many are running it as a business.

"We're very happy with where we are at QPR. It's a club in west London and has lots of potential. Five years isn't the life of a football club, clubs have been around for a long time."

Fernandes was questioned on whether the club can survive in English football without a decent stadium, something which the co-chairman agreed with saying: "No you can't, I agree.

"That's what we've been busily working away on with the Mayor of London, and the local authority. Our plan is still there. Building in London is tougher than building an airline, but with patience and the right emphasis, we'll get there."

Fernandes then made comparisons with his AirAsia business when quizzed on his future at the club.

Asked if he will sell, Fernandes said: "No. It's the same with the airline, we've had ups and downs. People asked us to close down AirAsia Indonesia and AirAsia Philippines, but we're not a short term quarterly company. I'm not a short term quarterly person, or yearly or five-year person.

"We see a plan so we'll see the plan through and i remain positively optimistic. No plans to sell."

To see the video of the interview,

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