Source: Daily_Mail
Mohamed Al Fayed must tackle Fulham debt or face Euro ban
Fulham supporters will revel in this week's trip to Hamburg for the Europa League semi-final but the club face being excluded from the competition in the long term if they are unable to meet UEFA's new financial rules. [LNB]Fulham would have to restructure their finances to meet fair play requirements, which would see any club banned if they make a consistent loss. [LNB] Facing up: Harrods chief Mohamed Fayed has lost £167.6m at Fulham[LNB]Fulham lost £6.8million last year and, since Mohamed Fayed's takeover in 1997, have accumulated debts of £167.6m. [LNB]That follows on from losses of £7.5m in 2008 and £15.2m in 2007 and, like Portsmouth, if Fulham were ever to lose the backing of their benefactor the club would likely be plunged into financial chaos. [LNB] Euro millions: Fulham believe it's too early to comment on UEFAs cash proposals[LNB]Clubs have gained a reprieve, as UEFA will not start monitoring accounts until 2012, with any exclusion not coming into force until 2015. [LNB]Fulham says it is too early to comment on the impact of proposals but it is clear they have long way to go if they harbour ambitions of European football in the long term.[LNB] Fulham set to win race for Portsmouth £4m defender Marc WilsonFulham 0 Wolves 0: Mick McCarthy's men prove too stubborn to break downFULHAM FC
