Fulham have reported record £4.8million profits for the past financial year, according to the Press Association.
The club announced record revenue of £77.1million for the 2010/11 season in figures released for the year ending, June 30 2011. Fulham reported pre-tax and interest profits of £5.4million with an increased attendance of just under 5%, which saw Craven Cottage 98% full over the course of the season. Such strong attendance figures have persuaded the club to embark on the redevelopment of the Riverside Stand, which Fulham are currently consulting on.
Fulham chairman Mohamed Al Fayed said:
The club has made great strides in recent years, and this excellent set of financial results is just reward for our progress. As always, I am determined to ensure the club moves in the right direction whilst remaining true to our history, heritage and past traditions.
The announcement of our plans to redevelop the Riverside Stand, whilst opening up the Riverwalk for the benefit of the community, is further proof that my ambition for this football club remains resolute.