0 users online

Fulham accounts filed with Companies House show huge loses

last updated Wednesday 07th July 2021, 2:24 PM

Fulham Football Club

Shahid Khan
Shahid Khan
Shahid Khan Wiki page
Other Shahid Khan Stories
Fulham have announced losses of more than £73million.

Club accounts filed with Companies House yesterday reveal that the newly-relegated Cottagers made the huge loss in the financial year of 2019/20.

That covered a campaign when Fulham eventually reached the Premier League, in a season elongated due to the onset of the Covid-19 pandemic.

Income from player sales did reduce the losses somewhat, with £25m raised. The sale of Ryan Sessegnon to Tottenham Hotspur helped in this regard.

But the accounts detail that Fulham’s income dropped by around £80m following their 2018/2019 relegation from the Premier League and that the average wage paid out in the Championship was £34,000-per-week - above the divisional average.

The figures continue a worrying trend among clubs in the EFL.

Only yesterday Sheffield Wednesday posted losses of £23million, whilst in May Stoke City posted a mammoth loss of more than £90million.

Source Ricky Charlesworth at Daily Mirror
Since 1998
"It's been updated!"