Fulham debt free

[TommyBarrs]

massive news for fulham as al fayed wipes the debt clean. fulham debt fee. the man is a legend. i love this man

http://www.guardian.co.uk/football/2013/jan/29/fulham-debt-free-al-fayed?CMP=twt_gu//

[Roberty]

What a surprise for everyone who doubted his continued commitment to our (his) club.

This must put us in an excellent financial position going forward.

On the clubs website too
http://www.fulhamfc.com/news/2013/january/29/financial-results

[SaltfordWhite]

Wow.

And there were people questioning him only this weekend just past.

[Northern Cottager]

Great News! Onwards and upwards!

COYW!

[SKSW6]

For someone who knows bugger all about finance, what exactly does this mean? Is it basically just business speak for essentially writing off all of the debts?

[Slaphead in Qatar]

 :005: Now i want him to incur some more debt and buy some players in the next few days.

[SaltfordWhite]

For someone who knows bugger all about finance, what exactly does this mean? Is it basically just business speak for essentially writing off all of the debts?

Basically it means that he has given up wanting repayment of the loans in return for further equity in the club. Which as we know, he already owns.

[TommyBarrs]

For someone who knows bugger all about finance, what exactly does this mean? Is it basically just business speak for essentially writing off all of the debts?

who knows bugger all?

[BedsFFC]

For someone who knows bugger all about finance, what exactly does this mean? Is it basically just business speak for essentially writing off all of the debts?

In short, as far as the FFC accounts show, the club does not owe Mo any money. So, the club accounts have gone from pretty poor to pretty damn good. What benefits this gives is yet to be seen

[SKSW6]

For someone who knows bugger all about finance, what exactly does this mean? Is it basically just business speak for essentially writing off all of the debts?

Basically it means that he has given up wanting repayment of the loans in return for further equity in the club. Which as we know, he already owns.

Wow, what an absolute legend! Those debts were £100m+ weren't they? Get that man a statue next to Haynes!

For someone who knows bugger all about finance, what exactly does this mean? Is it basically just business speak for essentially writing off all of the debts?

who knows bugger all?

Me.

[The Equalizer]

After reading some of the patently ridiculous comments about getting rid of Al Fayed and Alistair Mac yesterday, I do hope that this article has been rolled up into a pipe and smoked by those commentators.

Fantastic news for the future of the club! Now, let's start winning games again shall we?

[Slaphead in Qatar]

By the way this does not mean we are debt free. It just means debts have been converted into shares. Shares are still effectively debt. Instead of paying interest on debt, fulham will be paying dividends on shares.

[grandad]

This really is one in the eye for all those who wanted rid of MAF. The man is a true legend. As the loan has been converted to equity this means we no longer have to pay it back at 10 mil per year.

[cottage cheese]

After reading some of the patently ridiculous comments about getting rid of Al Fayed and Alistair Mac yesterday, I do hope that this article has been rolled up into a pipe and smoked by those commentators.

Fantastic news for the future of the club! Now, let's start winning games again shall we?

Ive been jumping on the Jol out fence but I have never questioned the likes of Al fayed and I agree with you 100%. In my eyes they are not the problem!

[grandad]

By the way this does not mean we are debt free. It just means debts have been converted into shares. Shares are still effectively debt. Instead of paying interest on debt, fulham will be paying dividends on shares.

The dividends will be small change compared with loan interest.
The value of shares can either go up or down.
This is a much tidier set up than the loan situation.

[God The Mechanic]

May mean more money available for transfers. Not necessarily now though, what with there being little time left.

[God The Mechanic]

The value of shares can either go up or down.

Is that not only true for public companies?

[Roberty]

The fiqures being reported are for the the financial year and that ended on 30 June 2012.
So they do not account for anything that happened after that date - I will leave you to work out what that means.

[JustOverTheRiver]

If he has cleared our debts - incurring some loses to himself - would he really want to to pump more money into the club for signings? It would be incredibly generous to announce this and to spend more on players in the same month.

[BedsFFC]

Like most, I love Mo for what he has done.

Not that I think there is anything untoward but I would ask the question.

Why do this? & Why do this now?

There must be a reason.