Fulham and $$$

Since the tightening of the credit market and the economic pickle everyone is in, what does Fulham's accounting ledger look like? What is the financial strength of this club? Does anyone know any place to look and see some analysis?

 

I saw something on Sky Sports or some other FSC show that ranked the top teams in the EPL for debt. I believe Fulham was fifth. I dont exactly remember the other four but they were either all big four teams or all big four teams + West Ham. I know for sure ManUre was one of them. Also, the other four had way way more debt than Fulham - like an order of magnitude bigger, but then of course their revenue is probably more than an order of magnitude larger.

 

RE: Re: Fulham and $$$

IIRC, Fulham's debt is all in the form of interest-free loans from MAF. So not that big of a deal, its probably just recorded so he can get some of it back in case he decides to sell.

 

MAF, like Roman Abramovich, has more or less donated millions to the club... but that are on the books as interest-free loans. He won't ever call the debt, he'll just have someone cover it in the selling price if he or his sons ever sell the club.

 

It's crunch time for the Hammers, but how does your club fare in the Premier League of debt?

This what you are looking for?

 

Re: RE: Re: Fulham and $$$

I have no idea if it works this way in the UK but it may have to be recorded for tax purposes. I had a boss years ago that owned a few businesses. He made a loan from one to another but never filled out any paperwork, he figured it was all his money in the end. Well tax time rolled around and he (the business making the loan) got hit with a penalty for doing it. Not sure why he never consulted an accountant on that one. The IRS guy told him all he would have had to do is fill out a simple form and he would have been all set.

 

From that article you could easily derive that we get the least bang for our buck of any team in the Prem.

I was surprised by Tottenham's low debt #.