According to documents filed with Companies House at the end of last month, Fulham chairman Shahid Khan has written off £151m of loans from his Cougar HoldCo by converting them into shares. This continues a pattern from the start of Khan’s ownership of the football club back in the summer of 2013.
Whats his game ? !?
I agree John. Just something about him that I don’t like. Can’t put my finger on what it is. Maybe it’s because it’s just a business to him and not a way of life, a passion like it is to us.
But surely first thought has to be threat it’s great news for Fulham because debt has been exchanged for shares (equity). Fulham £151m less in debt. Some people are never happy! Purpose? Who knows but could hopefully be FFP benefit.