Fulham FC acquired by a Pakistani-Born Billionaire

This Friday on the 13th of July, 62 year old Shahid Khan became the new owner of Premier League’s club, Fulham. The price of the deal is still not revealed but it is reported to be around $220 million, totally debt-free.

Shahid Khan owns NFL team Jacksonville Jaguars since 2011. He is quite an admired figure in Jacksonville because of his success. Shahid was born in Lahore, Pakistan and came to America at the age of 16 in 1967 to study engineering at the University of Illinois. After completing his degree he set out on an unstoppable journey of success.

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The Fulham website says about Khan “his personable approach, enthusiasm and bold vision for the Jaguars have since made him a popular figure in Jacksonville and throughout the NFL”.

Khan purchased the Fulham club from the long-time Egyptian owner Mohamed Al Fayed, who has been the owner since 1997, in the hopes to strengthen his bonds with the British capital and to make arrangement for his NFL team to play in Britain. They are scheduled to play four consecutive seasons in London starting this October.

“Fulham is the perfect club at the perfect time for me,” Khan said in a statement. “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. 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.”

Al Fayed, 82 year old business is all set for retirement so that he could spend time with his grandchildren. He rescued the club at its hours of need and made it into a success within the premier league.

“Now is the right time for me to retire and spend time playing football with my grandchildren,” Fayed said in a statement. “I am sad but proud of our achievements. I am very grateful to Fulham’s fans, the most incredible fans in the world. They have given me their support and affection whenever they have seen me at home games. I would never let them down.”

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