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NFL Team Owner Shahid Khan Buys Fulham

13 July 2013 - 05:05

NFL team, Jacksonville Jaguars’ owner, Shahid Khan, has bought the Premier League club Fulham, for a reported price of €200 million. The 16-year-reign of Mohamed Al Fayed at the Craven Cottage thus comes to an end.

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Shahid Khan is a Pakistan born businessman and has taken up the full ownership of the west London club, making it debt free. The deal has been approved by the Premier League.<br />

Khan, a billionaire, became the sixth American owner of a Premier League outfit, after having acquired Fulham for a reported &euro;200 million.<br />

He told his official website, "Fulham is the perfect club at the perfect time for me".<br />

"I want to be clear, I do not view myself so much as the owner of Fulham, but a custodian of the club on behalf of its fans. <br /> <br /> "My priority is to ensure the club and Craven Cottage each have a viable and sustainable Premier League future that fans of present and future generations can be proud of. <br /> <br /> "We will manage the club&rsquo;s financial and operational affairs with prudence and care, with youth development and community programs as fundamentally important elements of Fulham&rsquo;s future."<br />

Al Fayed, whose 16 years at Fulham comes to an end, believes that the club&rsquo;s future would be safe in Khan&rsquo;s custody.<br />

"The time is right because I have found a very good man in Shahid Khan to accept the responsibility and privilege that I have enjoyed at Fulham since 1997&rdquo;

Written by Chandraket Mall