Fulham look to future after announcing record profits
Monday 19 December 2011
Fulham today posted record profits of £4.8million for the past financial year.
The Barclays Premier League club have also reported a record revenue of £77.1million for the 2010/11 season, according to figures released to Press Association Sport for the year ending June 30, 2011.
Fulham recorded a profit of £5.4million, before interest and taxation, and enjoyed a 4.9% increase in attendance, which saw Craven Cottage secure a 98% occupancy figure for the season.
"The club has made great strides in recent years, and this excellent set of financial results is just reward for our progress," Fulham chairman Mohamed Al Fayed said in a statement released to Press Association Sport.
"As always, I am determined to ensure the club moves in the right direction whilst remaining true to our history, heritage and past traditions."
The west Londoners finished the 2010/11 season eighth in the top flight and currently lie 11th in the table.
Off the field, the club's progress has been highlighted by their recently-announced plans to increase Craven Cottage's capacity to 30,000.
The stadium has been Fulham's home since 1896 and would be subject to wider facility improvements, as well as the Riverside Stand development.
On the plans, Al Fayed added: "The announcement of our plans to redevelop the Riverside Stand, whilst opening up the Riverwalk for the benefit of the community, is further proof that my ambition for this football club remains resolute."
Latest in Sport
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Kate Moss: Previously unpublished nude photo revealed by Mert and Marcus
- 4 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 5 Bad Jews poster 'censored' on London Tube
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'