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Submitted by no_more_heroes 548d ago | news

Al Fayed Converts Loans Into Equity, Fulham Now Debt Free

HammyEnd:

In a huge development it has been revealed that Fulham chairman Mohammed Al Fayed has converted his loans into equity after the club repaid all external debt following last years impressive profits in a hugely progressive and successful year for Fulham’s finances. Fulham were £212 million in debt to Al Fayed, but with that effectively written off in return for dividends it means Fulham are now entirely debt free. (English Premier League, Fulham, Industry)

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