Fulham FC Now Debt Free
Wed 30th Jan 2013 | Money & Finance
Fulham Football Club are now debt free according to their latest financial results for the season 2011/12.
Following the previous season’s announcement of record profits, the most significant development is the club ending the financial year with no debt, having repaid any external indebtedness and Chairman Mohamed Al Fayed converting his previous loans to the club into equity.
Fulham reported an operating profit of £1.2m for the year ended 30 June 2012, with revenue figures of £79.3m, including £3.4m attributed to participation in the UEFA Europa League.
They also noted an increase in attendance of 0.6 per cent which contributed to its overall occupancy figure of 98.4 per cent for the season. Both of these figures are a club record for its time in the Premier League.
The club’s Chairman, Al Fayed, said: “Fulham continues to make great strides and, following planning permission for the re-development 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.”
Posted by: Aaron Gourley
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