Premier League: Shahid Khan buys Fulham FC for an estimated €175m-€230m

News Tank Football - Paris - News #7837 - Published on 15/07/13 at 14:30

Fulham FC (12th in the Premier League in 2012/13) has been sold to Shahid Khan, CEO of the Flex-N-Gate Group (car parts manufacturer) and owner of the Jacksonville Jaguars (NFL American football team), the club announced on the 12/07/2013. The deal is estimated at €175m-€230m.

Khan buys the club from Egyptian businessman Mohammed Al Fayed who bought Fulham in 1997 for €35m and has since invested a further €230m. Khan assumes 100% ownership of the club. Fulham FC made a profit of €1.2m in 2011/12 and is free of debt.

"I do not view myself so much as the owner of Fulham but a custodian of the club on behalf of its fans," Khan announced in a statement to the press on the 12/07/2013. "My priority is to ensure the club and Craven Cottage each have a viable and sustainable Premier League future that fans of present and future generations can be proud of," he added.

The purchase of Fulham FC makes Khan the sixth American owner of a Premier League club.

Shahid Khan - ©  Fulham FC/Press Association Images

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