Fulham’s Annual Financial Figures Show Record Profits

English Premier League team, Fulham FC, have posted record profits of £4.8 million ($7.5m) for the past financial year.

The Premier League club have also reported a record revenue of £77.1 million ($121m) for the 2010-11 season, according to figures released for the year ending June 30, 2011.

Fulham recorded a profit of £5.4 million ($8.5m), before interest and taxation, and enjoyed a 4.9% increase in attendance, which saw Craven Cottage secure a 98% occupancy figure for the season.

Fulham chairman Mohamed Al Fayed said in a statement: ”The club has made great strides in recent years, and this excellent set of financial results is just reward for our progress. 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.”