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



Segun Odegbami
Sunday needs more time
My piece on Chan 2016 last week was not intended to make an excuse for the poor showing of the...

Dr Errol Sweeney
Crucial semis hung on refs' decisions
This week two English Capital One Cup semifinals were decided on mistakes by the referees and their...

Emeka Enyadike
Rwandan fans show how it’s done
One thing that endeared me to African Football growing up in the ‘80s and ‘90s was the full house...

Calvin Emeka Onwuka
Arsenal take title credentials to Stoke
There are probably better technically but for heart-racing, blood-pumping excitement there is no...