He’s written off another £70m and converted into Equity, which he owned 100% anyway. That means he has now paid £888m for the Fulham FC. The club is not worth anywhere near that amount - unlike many other club owners who sadden the club with massive debt, we have to appreciate the owners we have!
Replies
Great that the Kahn’s stay committed to the club. Can’t think of an owner I’d swap for them. COYWs.
posted by Observer (Guest) - Wednesday 02nd July 2025, 7:22 AM
A very good sign that he remains committed to the club. It will be many years before he can turn a significant profit. Enjoy the support for as long as it lasts as he continues to help the club become a permanent fixture in the PFL. Which will mean a better quality of football at the Cottage for all ……Hopefully:)
posted by Mortlake - Wednesday 02nd July 2025, 7:30 AM
Glad we’re seeing post that realises how much he’s done for the club we’re be in a sad mess without him Legend
posted by DMK (Guest) - Wednesday 02nd July 2025, 7:40 AM
Ah, the graduates from the Rachel Reeves school of economics have spoken.
posted by Paddy O’Doors (Guest) - Wednesday 02nd July 2025, 8:35 AM
Thanks Paddy never been called a Graduate before
posted by DMK (Guest) - Wednesday 02nd July 2025, 10:44 AM
I have !
posted by Dustin Hoffman (Guest) - Wednesday 02nd July 2025, 10:49 AM
Two tear economics.
posted by Paddy O’Doors (Guest) - Wednesday 02nd July 2025, 1:35 PM
Unlike other owners you can clearly see what he is doing for the Club. Another large and successful spend on good players this summer will prove it. Think we are on the up, in 3-4 years we will be a real title contenders.
posted by The Time Is Now - Wednesday 02nd July 2025, 2:49 PM
Ah. Another motability recipient raises his head. I’m guessing schizophrenia.
posted by Paddy O’Doors (Guest) - Wednesday 02nd July 2025, 4:27 PM
Paddy could not of been about when we really had bad boards running the club
posted by DMK (Guest) - Wednesday 02nd July 2025, 7:53 PM
Oh dear Paddy, how cynical are you? I bet you’re a real joy to be with.
posted by Realistic (Guest) - Wednesday 02nd July 2025, 8:29 PM
None of you have a clue when I was about. Just the way I like it. There’s a reason rich people convert loans to equity and it’s not philanthropy or to do hard pressed fans favours. The premier league business model is a rip off and nowadays exists only to fleece fans.
posted by Paddy O’Doors (Guest) - Wednesday 02nd July 2025, 9:32 PM
Paddy why pick on the Khans not done a bad job at Fulham we could have a very lot worst we’re not stupid most rich and at the top is a little bit bent and some of the lower classes human race not many saints
posted by DMK (Guest) - Wednesday 02nd July 2025, 10:05 PM
When I was about , Paddy ??
posted by Bob (Guest) - Thursday 03rd July 2025, 6:56 AM
I detect the whiff of paranoia. Lighten up, we all know we’re being exploited by anyone with a couple of bob, don’t spoil our football too.:-0)
posted by Realistic (Guest) - Thursday 03rd July 2025, 7:03 AM
Not picking on the Khans. Most clubs are run by businessmen with a keen eye on the bottom line. I’m picking on those who think the Khans are doing us a favour. They’ve not lost a penny, the original poster makes it sound like they bunged us £100 million quid. They’re probably not the worst owners but they sure aren’t Santa.
posted by Paddy O’Doors (Guest) - Thursday 03rd July 2025, 8:03 AM
Whilst I appreciate what you say Paddy, the irrefutable fact is they are still investing in the club. Self interest? Call it what you want they are nevertheless serving the fans self interest. We’re all out for ourselves after all. Doubtless the Kahns will sell it on in the future when circumstances demand, or they can turn a buck, but meantime they are creating a more valuable and attractive asset, whilst giving the fans a bit of long awaited success. Long may it last. My only concern is that somewhere along the way the average fan gets priced out.
posted by Mortlake - Thursday 03rd July 2025, 8:17 AM
JohnC - a few thoughts on company accounts: assuming you’ve done your homework and using your figures, Khan has decided it suits him to change the £70M debt Fulham owe him into another form of debt Fulham owe him - additional shareholding. It doesn’t matter if you have money in your left pocket or righthand pocket, your wealth remains the same as before. Also, £888M is not a ‘price’ he’s necessarily paid anyone. Whatever you pay for an £1 ordinary share is a market price. It could be £1, but it certainly doesn’t have to be. I seem to recall when Ken Bates bought Chelsea in the Seventies he paid £1 for the lot, such was the poor financial state of that club at that time, with its dismal record of debts and profitability.
posted by peterjeremy - Thursday 03rd July 2025, 8:19 AM
Don’t think Khans are doing us a favour just feel there doing better than most. And best I’ve seen since sporting club since 1960 . As for how long Paddy’s been around reminds me of myself when I was 21
posted by DMK (Guest) - Thursday 03rd July 2025, 8:23 AM
I think it’s very reasonable to say the Khans are doing better than most. Our crowds and season ticket prices are no where near the highest in the Premier League, but we are sneaking up to European qualification, and by no means certainties to go down each season.
The Khan’s experience is accumulating to our good benefit. Jim Ratcliffe thought he could run a football club easy peasy, but Man U just sink further and further as he thrashes about. Will Daniel Levy get much more time at Spurs? They had better start pushing up the table soon.
posted by peterjeremy - Thursday 03rd July 2025, 9:08 AM
My point exactly PJ. I’ve no idea whether they’re the worst owners or not. Neither does anyone else. What I do know is, he hasn’t written off £70 million in debt just changed it to another form of debt which I’m guessing is CGT or another form of tax related.
posted by Paddy O’Doors (Guest) - Thursday 03rd July 2025, 2:47 PM
Last summer our owner borrowed a lot of money to buy players but he has to pay the loan back without incurring debt as defined by the FIFA financial rules. If he charged the debt to the Club we would overspend by that amount, but if he converts it to shares that does not count. It is a legal device that most clubs do. If we become a top club by performance that club value will increase.
posted by The Time Is Now - Thursday 03rd July 2025, 4:24 PM