Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | Barclays Premier League

Fulham owner Al Fayed clears club debts



Premier League Fulham are now clear of debt after owner Mohamed Al Fayed converted loans totalling more than £200 million into shares in the club.

Al Fayed, the former owner of the Harrods department store, bought Fulham in 1997 and has seen them establish themselves in the Premier League.

"Following the previous season's announcement of record profits, the most significant development is the Club ending the financial year with no debt, having repaid any external indebtedness and Chairman Mohamed Al Fayed converting his previous loans to the Club into equity," the club said on their website.

Fulham made an operating profit of £1.2 million in the 2011-12 season, down from more than five million pounds the previous year.



Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Event Streaming

Channel Streaming

Other Live Streaming

Event Streaming

Channel Streaming

Sports Talk



Calvin Emeka Onwuka
All or nothing for Liverpool at the Emirates
After the International window break, combative Premier League matches will resume in England as...

Neil Tovey
Brockie - A striking example
Jeremy Brockie has only been in South Africa since January but has made a big impression.

Dr Errol Sweeney
Ref in red card 'blunder'
In my last blog for supersport.com I stated that video technology is, more than ever, required to...

Sunday Oliseh
EPL goes to war with non-Euro foreigners
What will the Barclays Premier League be without foreigners today? Uninteresting to say the least...

Carol Radull
LVG has arrived
I said it a few weeks ago, that once Man United found their footing, it would be impossible to stop...

Segun Odegbami
Football is full of failed coaches
I admit that I am looking for trouble writing today about coaches. I do not really like discussing...