Fulham post record profits

Fulham have posted record profits of 4.8 million pounds for the past financial year.

The Premier League club also reported a best-ever revenue of 77.1m pounds for the 2010-11 season.

The west London club recorded a profit of 5.4m pounds before interest and taxation, resulting in a total of 4.8m pounds, while enjoying a 4.9 percent increase in attendance, meaning Craven Cottage was on average 98 per cent full during the 2010-11 campaign.

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

“As always, I am determined to ensure the club moves in the right direction while remaining true to our history, heritage and past traditions.”

The side finished eighth last year and currently sit 11th in the Premier League, and the club’s off-field ambitions have been demonstrated recently through plans to increase their stadium’s capacity to 30,000.

If the plans were to be implemented, the Riverside Stand would be developed while the rest of the stadium would also undergo improvements.

“The announcement of our plans to redevelop the Riverside Stand, whilst opening up the Riverwalk for the benefirt of the community, is further proof that my ambition for this football club remains resolute,” Al Fayed said.