Fulham loan update after £75m injection – official paperwork filed
Fulham’s owner has written off more than £75million worth of loans by converting them into shares, sources have told Football Insider.
As per a Companies House submission on Thursday (31 October), Fulham have allotted just over 75 million new shares at £1 each.
The filed documents also state the new shares are set off against related debt at Craven Cottage.
Fulham’s latest accounts for 2022-23 showed their gross debt only sat at £1.2million, with owner Shahid Khan converting the majority of his loans into equity.
Football Insider revealed in August 2023 the Pakistani billionaire had written off £13million worth of loans in a similar transaction.
The majority of the west London club’s debt is likely to have come off the back of the redevelopment of the Riverside Stand, which has been ongoing since 2019.
Football Insider revealed Fulham will have spent more than £120million on the stadium expansion once the work is completed next year.
Fulham have improved financial situation since gaining promotion
Khan has enjoyed mixed success since completing his £200million takeover at Craven Cottage in 2013, bringing to an end Mohamed Al Fayed’s 16-year spell in charge.
Fulham have been relegated three times over the past 11 years, but they have also been promoted back to the Premier League on three occasions.
After Marco Silva led the West Londoners back to the top flight in 2022, they have since cemented their place in the top division.
Another solid start to the new season sees them currently sitting 10th in the Premier League table after nine games, with a nine-point gap between themselves and the relegation zone.
Fulham are also in a healthier financial position after they posted a club-record revenue of £182.3million in 2022-23, marking a £110million increase on the previous year.
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