Fulham to be taken over by Pakistan-born Shahid Khan
Washington: A Pakistan-born billionaire has bought out English Premier League club Fulham, which will put the West London team under new ownership for the first time in 16 years.
The transaction has cost Khan around 150 million pounds, which has been approved by the Premier League with the tycoon assuming 100 percent ownership of the club, and a press conference to introduce the new Cottagers supremo being scheduled for Saturday.
The report said the Jacksonville Jaguars owner has been in talks with Fulham owner Mohamed Al Fayed for several days and the pair has struck an agreement, with Khan telling the club`s website that it was a privilege to serve as the next custodian of Fulham Football Club.
Khan said that he was extremely honoured to accept and wanted to thank Fayed, on behalf of everyone who loved Fulham, for 16 years of exceptional service to the club, adding that he rescued the club in its hour of need and has led it to a sustained place within the Premier League.
Khan was born in Lahore but now has an American citizenship and is ranked 179th in the Forbes 400 list of richest Americans with an estimated worth of 2.5 billion dollars, the report added.
More from India
More from World
More from Sports
More from Entertaiment
- Helicopter ferrying 6 pilgrims, woman pilot crashes near Katra
- Growing sense of despondency in India from last 6-8 months: Aamir Khan
- 8th Ramnath Goenka Awards: Sudhir Chaudhary awarded for Excellence in Journalism
- Arvind Kejriwal clarifies his friendly gesture with Lalu Prasad Yadav
- Tejashwi Yadav takes charge as Deputy CM of Bihar
- Know how much sex is enough for happiness
- Swaragini: Ragini gets caught in her own trap; Swara slaps her
- Rahul's mails nail Peter Mukerjea's involvement in Sheena Bora murder case?
- Shah Rukh Khan tweets about new ‘Dilwale’ song
- Lesson for jihadi aspirants? ISIS says Indians not good enough as 6 out of 23 fighters from India are killed