That was a close one - George Lucas was planning on directing Star Wars Episode VII himself before he sold Lucasfilm to Disney. George, who had envisioned a whole new trilogy, was going to direct Episode VII for a May 2015 release and then would have sold off the company (which I don't really understand because why start a new thing and just sell the whole company?). In the end he decided that he simply couldn't do it, and it wasn't for any reason you might expect:
"The time is more important to me than the money."
So basically George Lucas decided directing Episode VII would have been a waste of his time. I agree!
He does have a sweet thing to say about the upcoming movies:
"The only thing I really regret about 'Star Wars' is the fact I never got to see it - I never got to be blown out of my seat when the ship came over the screen. The next one, I'll be able to enjoy it like anybody else."
Awww. He probably still calls light sabers laser swords, though.