Fulham reported operating losses of £73m for the financial year 2019/20, according to club accounts filed with Companies House yesterday.
Income from player sales – the largest being Ryan Sessegnon’s departure for Tottenham Hotspur – did reduce this by £25m. The accounts detail that Fulham’s income dropped by around £80m following their 2018/2019 relegation from the Premier League, with wages dropping by £15m. Fulham spent nearly £53m the following season on players and were promoted under Scott Parker with a squad worth £186m.
These accounts show just how heavily Fulham are reliant on Shahid Khan’s personal backing to remain both solvent and competitive.
All the fools who can’t see what the Khans are doing for the club should wise up
I think the fools are those that don’t see that the funding from the Khan’s is keeping them competitive.
The real fools are the ones who can’t see that Fulham Football Club is haemorrhaging money due to the inept custodianship of the Khans.
Rather than laud them for keeping the club financially afloat, we should be denouncing them for a string of awful transfer signings where crazy fees were paid for the likes of Jean Michel Seri, Alfie Mawson, Ivan Cavaleiro, Anthony Knockaert etc etc; money that we haven’t a hope in hell of recouping. Seri, for example, is one player on super inflated wages who will never play for us again, doesn’t want to play for us again and whom nobody wants to buy. With a bit of luck, maybe somebody will take him on loan again but it’s the best we can expect from a player on a salary exceeding 3-4million pa minimum.
Our squad is HUGE. Yet the Khans don’t seem to be focused on doing whatever it takes to get rid of the underachievers. Let’s not forget that our inability to spend in the January window and bring in a quality, proven striker, as a result of the Financial Fair Play regulations, was the fault of T Khan’s previous dissipation of funds and was a major reason for our relegation.
Contrast the way our club is run with that of our neighbour, Brentford, and they put us to shame.
They buy shrewdly and sell on for exceptional fees. They are solvent -even affording a brand new stadium. Everybody involved at that club understands and follows the same rules and you can guarantee that the windfall that they will now receive for their promotion will be spent wisely and prudently unlike how our promotional share of the kitty was foolishly squandered in our first promotional campaign by Tony Khan.
I was really hoping that Shahid Khan would take a hands on approach pre-season and really turn his attention to sorting out our squad -in a similar fashion to what he has done at the Jaguars where he has changed the entire structure of the club from top to bottom but, sadly, it doesn’t seem to be the case.
We have a new manager who is in quarantine and, therefore, having zero influence on the coaching side. The Khans have disappeared back inside their shell. Meanwhile, at Motspur Park, players train without leadership and the only semi serious transfer rumour is that we are interested in signing a goalkeeper! Just about the one position that doesn’t need filling.
Our club is a shambles and we need to see Marco Silva arrive asap, have a few weeks assessing the players-then decide the squad he wants, including any signings that can improve us, and ruthlessly cull the remainder.
Remember Fulham before Mr Al Fayed…he and now Mr Khan are the best things ever to happen to Fulham…don’t bite the hand that feeds you and all that
I think this is good business
I think it is utterly ridiculous for people to be upset about the losses that happen for that fiscal year and what will be for the 2020/21 and 2021/2022 fiscal years. How much income was lost due to COVID alone spread over those years? I’d say we are lucky to have owners with deep pockets who can take those losses, rather then ending up in administration.