Saturday, July 13, 2013
Ron Jeremy buys Fulham!
So now we know, Ron Jeremy's real name is Shahid Khan! Okay it's not the porn legend but come on (okay wrong choice of phrase) you couldn't help thinking of the hairy porn performer when you saw the face of the man who has just helped bolster the Mohamed Al Fayed pension fund to the tune of £200 million.
Shahid Khan owns the Jacksonville Jaguars NFL franchise and for some reason not yet evident saw some business synergy (love these buzz words) between the sunshine of Florida and the Cottagers of West London. Khan said last night that "I don't see myself as the owner of Fulham, merely a custodian of the club for its fans," - really? You pay £200 million for football club and don't see yourself as the owner?
It will be interested to see how this plays out, the London borough of Hammersmith and Fulham is the only English borough that is home to three professional football clubs, the good Fulham, the bad Chelsea and the ugly QPR. Will Fulham become footloose and fancy free with their new found wealth like Chelsea or profligate and easily mocked like QPR?
"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. We will manage the club's financial and operational affairs with prudence and care, with youth development and community programmes as fundamentally important elements of Fulham's future." Encouraging words and similar to those spoken by the owners of Liverpool, Man. City, Chelsea, Sunderland, Arsenal, Aston Villa, Cardiff City, Hull City, Man Utd and Southampton - the other 10 English Premier League clubs under foreign ownership, making English (or at least British ownership) ownership a minority like so much in modern corporate English life.
As for Mr Al Fayed, I suppose at least this sale means that he can recoup the huge investment he has made in the club over the last decade and a half and coming just over three years since he sold Harrods to Qatar Holdings for £1.5 billion he is not short of a couple of quid and probably won't be claiming his winter fuel allowance in future.
Posted by Paul at 10:32 AM