Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




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.

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R161.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
Mitre Monde Soccer Ball - White
Voted as one of the UK's favourite match balls
R219.00


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

Sports Talk



Neil Tovey
Baxter’s men on the ball
Kaizer Chiefs’ 15-match winning streak may have ended but they remain the team to beat in the PSL.

Chima Emmanuel Aguma
Mata can't replace Rooney
Manchester United started the first of three crucial Premier League games against West Brom (away),...

Calvin Emeka Onwuka
Rodgers must focus on the league
Many footballers arriving in the Barclays Premier League have been warned of second-season syndrome.

Sunday Oliseh
Dortmund's winning formula is killing it
I sat in Signal Iduna Park to watch Dortmund over-run Arsenal and wondered, how long will it take...

John Dykes
A Gooner or a gonner?
An International Break can do funny things to the mind. Mine, for instance was heavily engaged this...

Dr Errol Sweeney
Why can’t soccer be like rugby?
Sport is supposed to be sport; something we all do for the love of it, for recreational purposes,...