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
Robin van Persie to Fenerbahce: Manchester United striker 'agrees to personal terms' with Turkish side
Arsenal defender Kieran Gibbs posts bizarre video of his Miami holiday being invaded by an iguana
Women's World Cup 2015: England secure third place as they beat Germany in extra time with penalty by Fara Williams
Arsenal transfer news: Gunners will only consider 'astronomical offer' from Atletico Madrid for Santi Cazorla
Chelsea transfer news: Diego Costa wants a reunion with £25m Manchester United target Arda Turan... because he loves his kebabs
- 1 Isis propaganda video shows 25 Syrian soldiers executed by teenage militants in Palmyra
- 2 Number of young homeless people in Britain is 'more than three times the official figures'
- 3 The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
- 4 Right to die: Belgian doctors rule depressed 24-year-old woman has right to end her life
- 5 The biggest first date turnoff has been revealed
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture