Fulham FC accounts (Annual report 30 June 2008)

[W@T]

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.

[SuffolkWhite]

Nice Statement from the Chairman Mo, liked that.

[bigalffc]

Thanks for that W@T lets hope Mo lives long & prospers!

[lamby]

"unsecured, interest-free and with no fixed repayment timetable" - a yearly £10mil tax deduction rather than a loan!