Pakistan-born American billionaire, Shahid Khan has agreed a deal to buy English Premier League club, Fulham FC.
Khan,
who owns NFL team Jacksonville Jaguars, has been in talks with Fulham
owner, Mohamed al Fayed for several days and the pair reached an
agreement that will put the West London team under new ownership for the
first time in 16 years.
The
transaction, reported to have cost khan around £150 million, has been
approved by the premier league and the tycoon assumes 100 per cent
ownership of the club.
Khan
is ranked 179th in the Forbes 400 list of richest Americans with an
estimated worth of $2.5 billion after making his fortune as a car parts
manufacturer.
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