Did Al-Fayed own Fulham? How much did Al-Fayed buy Fulham for? – Mohammed Al-Fayed, an Egyptian billionaire businessman, bought West London professional football club Fulham F.C. for £6.25 million in 1997. The purchase was made through Bill Muddyman’s Muddyman Group, with Al-long-term Fayed’s goal after acquiring Fulham being to have the club in the Premier League within five years.
Advertisement
Under manager Jean Tigana, Fulham won the First Division (now Football League Championship) in 2001, winning 101 points and scoring 90 goals in the 2000/2001 season. Al-Fayed had reached his Premier League goal a year ahead of schedule.
Advertisement
Fulham was participating in European football by 2002, having won the Intertoto Cup and challenging for the UEFA Cup. Fulham reached the final of the 2009-10 UEFA Europa League and remained in the Premier League during Al-Fayed’s ownership, which concluded in 2013.
Under Al-Fayed Fulham F.C. was owned by Mafco Holdings, based in the tax haven of Bermuda and in turn owned by Al-Fayed and his family. Al-Fayed had financed Fulham F.C. £187 million in interest-free loans by 2011.
In July 2013, it was announced that Al-Fayed had sold the club to Pakistani-American businessman Shahid Khan, who owns the NFL’s Jacksonville Jaguars.
Mohamed Al-Fayed died on August 30, 2023, at the age of 94.
Source: abtc.ng
Leave a Reply