Fulham Football Club have been given a multi-million pound loan by Harrods (UK), part of the business empire of chairman and club owner Mohamed Fayed.
The latest report and accounts for Fulham Football Leisure filed at Companies House this month for the year ended June 30 2005, stated that Fulham Football Club (1987) “entered into a loan agreement with Harrods (UK), a related party, for £36.6m and Fulham Stadium provide a debenture in respect of this loan securing it by a fixed and floating third charge over Fulham Stadium’s assets”. A spokesman said Harrods (UK) was the parent company of Harrods Ltd which owns the famous upmarket Knightsbridge store.
Total turnover at the Premier League football club fell in the financial year to £39.47m from £42.94m in the previous year. Losses also rose in the year to £12.93m from £2.59m. This takes accumulated losses to £134.3m up from £121.4m.
The football club has also provided a post balance sheet list of player transactions since last June. These include acquiring the registrations of Heider Helguson, Ahmad Elrich, Niclas Jenson, Michael Brown and Tony Warner.
The club said it had also disposed of the registrations of Elvis Hammond and Steve Marlet. The net outflow from player trading was about £5.6m. In its annual review of Football Finance accountant Deloitte said Fulham’s move back to its Craven Cottage stadium had increased crowd capacity by about 3,000.