Al Fayed Reportedly to Sell Fulham to Jacksonville Jaguars Owner by End of Week
July 10, 2013
Fulham owner Mohamed Al Fayed is reportedly close to selling the football club to Shahid Khan, thumb the owner of National Football League (NFL) franchise the Jacksonville Jaguars
A report from the Daily Mail claims that after investing £200m ($298m) at Craven Cottage over the past 16 years, anabolics Al Fayed is ready to sell for between £150m and £200m ($223.24m – $298m) and a deal with Khan could be complete by the end of the week.
Former Harrods owner Al Fayed purchased Fulham in 1997 for £6.25m ($9.30m) and has overseen the Cottagers become a stable Premier League team.
He sold Harrods in 2010 to Qatar Holdings and now he wants to convert another asset into cash as the 84 year-old plans for his family’s future.
Football fixer Keith Harris is reportedly in charge of finding the new owner after assisting Roman Abramovich’s takeover of Chelsea, Randy Lerner at Aston Villa, Magnusson at West Ham and Thaksin Shinawatra at Man City.
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