(Credit: Hasan Karim, Breaking Media/Getty Images)

Fulham loan update after £70m injection - official paperwork filed

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

Published on:

03 Jul 2025, 10:28 am

Fulham’s owner has written off almost £70million worth of loans by converting them into shares, sources have told Football Insider.

As per a Companies House submission on 30 June, Cougar Holdco London Limited – Fulham’s holding company – has allotted nearly 70 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 2023-24 revealed their gross debt increased dramatically from £1million to £125million as owner Shahid Khan didn’t convert his loans into equity for the first time in several years.

However, the Pakistani-born billionaire has converted £145million worth of loans into equity over the past year.

Alongside the £70million confirmed earlier this week, Football Insider revealed last October Khan had written off £75million of loans at Craven Cottage.

The west London club have invested heavily on the recently-completed redevelopment of the Riverside Stand, which started in 2019.

Fulham have spent more than £100million on the stadium expansion, with season tickets in the new stand costing up to £3,000.

The Cottagers revealed their turnover dropped slightly from a club-record £182.3million in 2022-23 to £181.6million in 2023-24.

Marco Silva has helped cement Fulham's place in the Premier League (Credit: Imago)

Marco Silva makes Fulham decision after exit offers

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 12 years, but they have also been promoted back to the Premier League on three occasions.

After Marco Silva led the Cottagers back to the top flight in 2022, they have since cemented their place in the top division, finishing the 2024-25 campaign in 11th place.

Silva has been linked with a Fulham exit on multiple occasions, but he remains committed to the club for the time being.

Marco Silva's Fulham stats (Credit: Hasan Karim - Breaking Media)

Fulham lead race to sign Calvert-Lewin

Former Everton CEO Keith Wyness told Football Insider Fulham are leading the race to sign Dominic Calvert-Lewin this summer.

The 28-year-old is now available on a free transfer after leaving Everton at the end of his contract.

The forward, who has been plagued by injuries in recent years, registered three goals and two assists in 26 appearances last season.

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