Tony Fernandes, the boss of the Lotus F1 team, has failed in a bid to take control of English football team West Ham United.
Fernandes was one of a number of parties linked to a buy-out of the London team after Icelandic owners CB Holding wwere hit hard by the global economic downturn.
However, Fernandes revealed on Monday evening via his Twitter
page that he had missed out on a deal which would have seen him join the likes of Bernie Ecclestone and Flavio Briatore in club ownership, stating that he had offered an 'awesome deal' which would have rejuvenated the club.
West Ham has now confirmed that a deal has been done with former Birmingham City owners David Sullivan and David Gold to purchase 50 per cent of the club and take full control, although Sullivan insisted he was keen to speak to Fernandes about possibly investment in the future.
"We have bought 50 per cent and I have an option to buy the other 50 per cent,” he told the BBC
. “If they [wealthy fans] want to get involved with West Ham they will be very welcome. Anyone who wants to be put in £10m or £15m can buy 10 or 15 per cent of the club and come along and join us.
"We will be approaching Tony in the hope that he will join us in a kind of national unity purchase of West Ham. We will welcome other investors."