Fulham FC's losses up
Submitted by WG on Sat, 19/03/2011 - 19:01
Fulham FC's losses increased from £7.9m to £19m in the year ended June 2010. This was in spite of earning an extra £12.5m from their run to the Europa League final. Turnover was boosted to £76.4m, but write downs and amortisation from player trading boosted losses.
Mohamed al Fayed has made it clear that he is committed to providing the funds the football club needs. It is now funded entirely from his offshore family trust structure. A loan of nearly £13m was repaid in August of last year but the Fayed companies are still owed some £186m. £100m of that is due to start being repaid next year at an annual rate of £10m.
