Fulham's Finances

Fulham's Finances

Basically, Fulham sold CC to the developer for £50m, £15m of which was paid as a deposit to Fulham in Sept '02, £35m to be paid Sept '04.

Now that Fulham have decided to move back to CC, they must repay the £15m deposit already paid to them, plus interest which makes a grand total of £18.6m to be repaid to the developers by Al Fayed (and obviously they will not receive the remaining £35m).

Apparently Fulham had to rush the original deal through, because they were so desperate for a cash injection and no other investors could be found. Their accounts for 2002 showed a loss of over £40m, after losing £23m in 2001, and owed £125m, £100m of which is owed to Al Fayed.

So the bottom line is, to move back to CC, Fulham and Al Fayed must find £18.6m to pay back to the developers the sold the ground to for redevelopment, as well as having to spend at least £5m to bring CC up to Premiership standard.

Can they really afford NOT to sell Saha? I don't think so.
 

Fulham's Finances

In simpler terms, they're more f@cked than a prostitute in a brothel.....













...hopefully. :D
 

Fulham's Finances

Thanks Atto, i understand now, especially after your second summary!

:D
 

Fulham's Finances

eghambee said:
Thanks Atto, i understand now, especially after your second summary!

:D

:idea: lol :wave:
 

Fulham's Finances

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