Fernandes to lead Malaysia Stadium Corp

KUALA LUMPUR: Prominent corporate figure Tan Sri Tony Fernandes has been appointed as the new chairman of the Malaysia Stadium Corporation (MSC).

Youth and Sports Minister Syed Saddiq Syed Abdul Rahman in a statement released yesterday said the appointment of Fernandes as a replacement for Datuk Rozabil Abdul Rahman was timely.

Syed Saddiq said his status as a leading corporate figure could improve the structure and operation of MSC as well as restoring the financial status as they have recorded a loss of RM11mil.

“His involvement and success in various commercial areas, including the air industry ( AirAsia), entertainment ( Warner Music), hotels (Tune Hotels), broadcasting ( The Apprentice Asia) are part of his achievements as the best candidate to hold the post,” said Syed Saddiq.

“His entrepreneurial talent, creativity and leadership are outstanding and they are evident with the many awards he has won including the Chief Executive Officer of the Year and Entrepreneur of the Year.”

Fernandes is also no stranger to sports when he partly owned the Queen Park Rangers football club apart from being the founder of Formula 1 team, Caterham F1 Team.

“He is adept in the intricacies of international standard sports development and promotion.

“AirAsia’s sponsorship of local sports such as the AirAsia Badminton Academy as well as e-sports competitions proved he is passionate about raising the quality of sports in the country,” added Syed Saddiq. — Bernama.