West Ham United and Queens Park Rangers appear to be going in very different directions.
Fernandes attempted to buy West Ham (BBC Sport) before he purchased Queens Park Rangers, but Gold rejected his offer.
Gold initially told the BBC that he would have been interested in speaking to Fernandes, but the talks quickly broke down.
Fellow co-owner David Sullivan and Fernandes entered into a public war of words, and the deal was scrapped.
Fernandes then went on to buy QPR - but Rangers success since he has taken charge has been limited.
QPR are still languishing in the Championship, while West Ham have made great strides in recent times.
The Hammers have become a force in English football, and they are set to move into the Olympic Stadium next season, giving them even more financial power.
And Gold seemed happy with the progress the club had made this morning, when asked how different things could have been if Fernandes had taken charge.