Fulham’s latest set of accounts show the club posted a pre-tax loss of £93m in 2020/21 despite being in the Premier League.
The club’s revenue doubled to £116m whilst in the top flight but they had only £18m in the bank at the close of the campaign having lost a staggering £493m. Fulham borrowed £151m from their parent company before the end of the season and a further £93m from chairman Shahid Khan’s main holding company since last June.
The accounts – broken down in detail in a Twitter thread by the football finance expert Kieran Maguire this morning – also disclose that the club spent almost £60m on ‘infrastructure projects,’ such as the building of the new Riverside Stand and improvements to Fulham’s Motspur Park training ground.
No worries about FFP then? I’ll just worry about the apparent financial incompetence ?
The cost of the Riverside is an investment so shouldn’t be included in any loss figures. The stand cost is well north of 60 million. 80+ mentioned. Also 20/21 was a Covid year pretty much so that has to be taken into consideration. Any Motspur improvement costs are also aninvestment.
Rather misleading tbh , the new stand, works at MP & money spent on the academy are classed as investments as they can mass a return