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Fulham finances in the black

Fulham are now debt-free following chairman Mohamed Al Fayed's decision to convert loans to the club into equity.

Last Updated: 29/01/13 at 16:37 Post Comment

Mohamed Al Fayed: 'True to Fulham's strong heritage'

Mohamed Al Fayed: 'True to Fulham's strong heritage'

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A second successive annual profit enabled the club to pay off all external debt, while Al Fayed converted outstanding loans to the business into equity.

The news comes on the same day Fulham revealed a profit of £1.2m for the year ended 30 June 2012 - results which follow on from a record profit for the previous 12 months.

The club's Europa League participation, a ninth-placed finish in the Premier League and an increase in attendance figures all contributed to the healthy figures.

Al Fayed said: "Fulham continues to make great strides and, following planning permission for the redevelopment of the Riverside Stand, we will continue to prosper and grow.

"For almost the last 15 years, I have ensured the club moves in the right direction and remains true to our proud history, strong heritage and past traditions."

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I

think all those names linked to United exits make sense. Kagawa has never really looked like hitting the form he had at Dortmund and Fellaini is radioactive after last season (even though I think he's been unfairly singled out for criticism). Nani and Anderson have had more than their fair share of chances so they are done, and Hernandez deserves better than warming a bench.

ted, manchester
The Insecure Gossip

H

e'll be off to Spurs (or better) in January and I don't blame him. Looking forward to re-signing Grant Holt as his replacement though.

notalentjones
Benteke ignoring speculation

I

n fairness, he does look absolutely shattered in that photo.....

FairyNuff
Shaw told to shape up

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