Al Fayed ready to sell Fulham

Sky sources understand that Mohamed Al Fayed is in advanced talks to sell Fulham.

Last Updated: 12/07/13 at 22:14 Post Comment

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Al Fayed has begun the process of ending his 16-year ownership of the club and has held discussions with at least one interested buyer.

Shahid Khan, the boss of NFL franchise Jacksonville Jaguars, is reported to be among the potential purchasers.

The Pakistani-born tycoon is ranked 179th in the Forbes 400 list of richest Americans with an estimated worth of £1.65 billion.

The 62-year-old, who made his fortune as a car parts manufacturer, already has ties to London, with the Jaguars scheduled to play one NFL regular season game a season at Wembley for the next four years.

Sky Sports News contacted Craven Cottage and Al Fayed's representatives for an official response but both declined to comment, and there has been no word either from the Jaguars.

Al Fayed converted outstanding loans to Fulham into equity in January, leaving them effectively debt-free, while a second successive profit was reported for the year ending June 2012.

They have become an established Premier League club under the 84-year-old's ownership, and the forthcoming season will be their 13th straight campaign in the division.

There are also plans to revamp the club off the pitch, with planning permission in place to increase the Cottage's capacity to 30,000.

Football finance expert David Buik told Sky Sports News he believes it needs someone with vision and foresight to take Fulham to the next level.

"The new owner has got be very innovative, have a very broad vision of how he's going to make something of it," he said.

"I believe it can be done. It's a fabulous area in London, it can cope with an awful lot more spectators and we can make an awful lot of more of the brand. But it needs vision, foresight - and very deep pockets.

"If you have been going to Craven Cottage for 16 years, as I have, and been biting your nails waiting for them to get to 40 points, that's not what he wants them for.

"Unless Mr Fayed falls out with Mr Khan, these negotiations could be done by the end of the week.

"There's nothing particularily outstanding because the debt has been paid off. The key to the deal is the conversation with Hammersmith and Fulham council. They will want to know, 'What can you do for us, what can you do for the community?'"

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

T

he thing is, footballers are role models, and children are influenced by them. I watched the Chelsea game with my 6 year old, and at school the next day she stamped on Emre Can.

megabrow (cufc)
Diego Costa: The Patron Saint Of S**thousery

Y

et again Barcelona try to convince the world that they only play the most virtuous of football. I've never seen a team so willing and able to dish out lumps but feel so self-righteous that no opposition player should ever have the audacity to tackle them.

charsmatcengma
Enrique hauls Neymar to safety

I

d love to see a United v Liverpool FA cup final. It would certainly fit the narrative. Obv I'd want the ending to be one of an O.G. and tears as he collects his runner-up medal.

GVMUFC
Gerrard Constantly Searching For That Final Hurrah

Footer 365

Eden Hazard: 'Chelsea need Diego Costa'

Eden Hazard admits Chelsea 'need' Diego Costa as he faces a three-match ban for a stamp on Emre Can on Tuesday night.

Copa del Rey: Luis Enrique says Neymar had to be substituted against Atletico Madrid to prevent injury

Luis Enrique says he had to substitute Neymar to prevent him from being injured in an ugly cup tie with Atletico.

Capital One Cup: Tottenham boss Mauricio Pochettino pleased to overcome challenging tie with Sheffield United

Mauricio Pochettino dedicated Tottenham's Capital One Cup semi-final triumph over Sheffield United to the fans.

Mail Box

But Biting Doesn't Hurt Like Stamping...

There are Liverpool fans arguing that Luis Suarez is nowhere near Diego Costa's sh*t-house league but we have plenty of love for the agitator too. Oh and Spurs...

Erm... Balotelli To QPR..?

It's an afternoon Mailbox that offers the reaction to the reaction, with a defence for Diego Costa offered, and Balotelli mooted to move to QPR. Plus a silly idea about the Mails...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company