Author Topic: Fulham FC accounts (Annual report 30 June 2008)  (Read 4061 times)

W@T

  • Guest
Fulham FC accounts (Annual report 30 June 2008)
« on: February 27, 2010, 10:18:00 AM »
In full. (needs Adobe Flash player: http://www.adobe.com/software/flash/about/)

http://www.scribd.com/doc/27118448/Fulham-Football-Club-1987-Limited#keyrbgz1op4sx7t1ey6x24

In summary.

Turnover: £53.7m

Operating profit: –£2.1m

Net debt: £164.0m

Interest payment: £1.0m

The colossal size of Fulham's net borrowing reflects the debt it owes to Mohamed al-Fayed. The 07-08 accounts show that the club owes the Harrods owner £159m. However, this is said to be unsecured, interest-free and with no fixed repayment timetable. The club also has a £4.5m bank loan from NatWest, secured on Fulham's future broadcasting income and repayable within a year, on which it paid interest of 7.11 per cent.
« Last Edit: February 27, 2010, 10:19:40 AM by W@T »

Offline SuffolkWhite

  • The Bard/Corked Hat
  • *
  • Posts: 3061
Re: Fulham FC accounts (Annual report 30 June 2008)
« Reply #1 on: February 27, 2010, 10:31:31 AM »
Nice Statement from the Chairman Mo, liked that.

Offline bigalffc

  • Legend
  • ***
  • Posts: 1835
Re: Fulham FC accounts (Annual report 30 June 2008)
« Reply #2 on: February 27, 2010, 11:11:25 AM »
Thanks for that W@T lets hope Mo lives long & prospers!


Offline lamby

  • tjl
  • *
  • Posts: 267
Re: Fulham FC accounts (Annual report 30 June 2008)
« Reply #3 on: February 27, 2010, 10:25:57 PM »
"unsecured, interest-free and with no fixed repayment timetable" - a yearly £10mil tax deduction rather than a loan!