Mohammed al Fayed has shown that he is the ultimate benefactor owner by effectively wiping out the club’s debts of £212m owed to him. He has converted the debts into equity.
Mohammed al Fayed has shown that he is the ultimate benefactor owner by effectively wiping out the club’s debts of £212m owed to him. He has converted the debts into equity.
Fulham’s latest financial results show a modest profit of £1.2m which in today’s financial climate in football is a significant achievement. Participation in the Europa League helped, although the £3.4m it contributed in revenues is small by the standards of the Champions League.
Attendances were up by 0.6 per cent giving an occupancy rate of 98.4 per cent, although the distinctive charm of Craven Cottage is offset by the fact that it is one of the smallest grounds in the Premiership.