How £50m could get you a nice little Cottage
Mohamed Fayed is understood to value Craven Cottage at around £50million.
- In 2002 he sold a £15m option to buy Fulham's home since 1896 to property developer Nick Sutton. Then the deal for the ground, which is in a prime west London location, was estimated to be worth £50m.
- After Fulham failed to find an alternative home in west London, Fayed made a U-turn and agreed to fund a smallscale refurbishment of the Cottage to bring it up to Premiership standards.
- The club spent £5.4m on refurbishments to create a 22,000 all-seater stadium. New roofs were built and seats installed on the old terraces. The club also invested in executive boxes and corporate facilities.
- After spending two years groundsharing with QPR, Fulham made an emotional return to the Cottage in August. Fayed said: "I have not committed to Craven Cottage as our permanent home but nor have I ruled it out."
- Speaking to Standard Sport in July, Fayed also said: "This is a growing and developing club. We must not limit our ambitions. Who knows what may happen?"
