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Shahid Khan pays off mystery loan

last updated Wednesday 24th July 2013, 9:47 AM

Fulham Football Club

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Fulham owner Shahid Khan has cut the club's ties with a mysterious money-lending firm.

Since buying out Mohamed Fayed this month, Khan has repaid a £15million loan plus interest which Fulham had taken out with the Vibrac Corporation in April.

The Premier League club had put Craven Cottage up as security for the money.

But documents filed at Companies House reveal the charge Vibrac - a firm based in the British Virgin Islands - held over the Cottagers' home has been paid in full.

Khan's latest move means Fulham are now clear of significant debt.

Source Dan King at The Sun
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