MONTE CARLO, Monaco, May 25, 2013 (AFP) - Malaysian entrepreneur Tony Fernandes conceded on Saturday that he had hampered the progress of the Caterham team by trying to do too much himself.
But he rejected suggestions that he had diluted his effort to build up the former Lotus team by becoming involved in too many projects at once, including ownership of English football club Queens Park Rangers, who were relegated from the Premier League earlier this month.
He is also involved heavily with his other businesses including AirAsia and Tune.
Talking to reporters at the Monaco Grand Prix, he said: "I don't think I spread myself too thinly, but I should have delegated more as I do in my other companies... I am not so involved in my other businesses as much and I should have been like that.
"But this is the danger of passion conflicting with common sense. You get excited and carried away and throw away all the things you are good at, like planning and analysing."
He rejected criticism, too, from football fans who hit out at his comments made earlier this year on Twitter when he suggested QPR fans needed to be patient because it had taken him three years to put Caterham right.
Many observers pointed at the F1 team's failure to score a point since 2010 - and asked what he believed was 'right'?
He said: "Are we (Caterham) where we want to be now? No, we have a nice facility, we are beginning to make our own production and we are going in the right direction.
"I am not saying we are going to be world champions, but I do believe that if we continue this way then we have a good chance."