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Shad Khan Pays of Virgin Islands Loan

Discussion in 'Fulham' started by Cottager58, Jul 24, 2013.

  1. Cottager58

    Cottager58 Well-Known Member

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    "Since buying out Mohamed Fayed this month, Khan has repaid a £15million loan plus interest which Fulham had taken out with the Vibrac Corporation in April.

    The Premier League club had put Craven Cottage up as security for the money.

    But documents filed at Companies House reveal the charge Vibrac — a firm based in the British Virgin Islands — held over the Cottagers’ home has been paid in full."


    Source: http://www.thesun.co.uk/sol/homepage/sport/football/5030292/Shahid-Khan-pays-off-Fulhams-15million-loan-debt.html


    Thought it was £17m but whatever, it was a short term loan (repayable I think on 31st August) in advance of getting the TV money. Can only take this as a good sign that Mr Khan's way is not to borrow money.
     
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