Fulham sold to billionaire American NFL owner

Fulham: Mohamed Al Fayed sells club to Shahid Khan

Mohamed Al Fayed has ended his 16-year stint as Fulham owner by selling the club to Shahid Khan, owner of NFL side Jacksonville Jaguars.

Khan, 62, a billionaire car-parts entrepreneur, is the sixth American owner of a Premier League club.

During his time in charge, Egyptian Al Fayed, 84, took Fulham from the third tier to the top flight and into Europe.

"It has been a pleasure and privilege to be chairman of Fulham football club for 16 memorable years," he said.

Financial details of the takeover have yet to be officially disclosed, with media reports valuing the deal at between £150m and £200m.

A leading supporters group said the news represented an "exciting but uncertain time" for Fulham, who finished last season 12th in the league.

Pakistan-born Khan, who moved to the United States aged 16, employs thousands of people through his car parts business.

"Fulham is the perfect club at the perfect time for me. I want to be clear, I do not view myself so much as the owner of Fulham, but a custodian of the club on behalf of its fans," he said.

"My priority is to ensure the club and Craven Cottage each have a viable and sustainable Premier League future that fans of present and future generations can be proud of.

"We will manage the club's financial and operational affairs with prudence and care, with youth development and community programmes as fundamentally important elements of Fulham's future."

More - http://www.bbc.co.uk/sport/0/football/23297785?print=true

Dat tash

For anyone who still doesn't think it, roughly the same price FSG got Liverpool for, an absolute steal.

These Americans and their pension investments eh? At least that's what it looks like to me.

Al-Fayed has done extremely well to get that amount of money for Fulham and we somehow end up being sold for similar amounts,crazy.

Tax in the UK favours Ameican businesses no doubt.

Craven Cottage, prime real estate.

Or UK "green card".

Class

Ron jeremys bought Fulham , there's money in sperm .

For anyone who still doesn't think it, roughly the same price FSG got Liverpool for, an absolute steal.

These Americans and their pension investments eh? At least that's what it looks like to me.

We were sold for pittance Luke and the way they talk it's like they done us a favour . Epic swindle part 2.

didn't anyone tell him Everton were up for sale?

didn't anyone tell him Everton were up for sale?

Everton have bigger expectations and demands than Fulham, he may have to spend some money.

If I was a Fulham fan, I'd be very concerned.

I can see why he bought Fulham.

Minutes walk from £50 million mansions, 30 minutes from Heathrow, 4 hours flight from his own country.

The London bubble.

All kidding aside, Shahid Khan has a great rags-to-riches type of story though. When he immigrated to the US to study at University of Illinois, he was washing dishes for like $1.20 an hour.

Good for Fulham actually...hardly any NFL owners that don't make money for their respective clubs (if any at all). Who cares about the Glazers, if they swindle ManUre all the better for us

Everton have bigger expectations and demands than Fulham, he may have to spend some money.

If I was a Fulham fan, I'd be very concerned.

They'll be relegated in the next 3 years imo.