Premier League SCR
How much can Fulham spend?
Under the Premier League's Squad Cost Ratio rules, Fulham have a
guaranteed spending limit of £189.1m
— 85% of adjusted football revenue of £222.5m.
Against their estimated squad cost that is £9.6m short.
Their Red Threshold — the 115% ceiling beyond which points deductions apply — is
£255.8m.
£222.5m is adjusted revenue: headline turnover of
£194.8m plus a three-season average of
£27.7m profit on player sales, which is the
denominator SCR actually uses.
Fulham: the SCR breakdown
-
Estimated revenue (football)
reported
£194.8m
-
+ Player trading profit/loss (3-yr average)
+£27.7m
-
Latest single season was +£41m
not used alone
-
= Adjusted revenue (SCR basis)
£222.5m
-
85% SCR limit
£189.1m
-
Estimated squad cost
estimated
£198.7m
-
Player wages
£128.2m
-
Player amortisation
£61.5m
-
Agents' fees
£9m
-
Squad cost = player wages + player amortisation + agents' fees. Composed estimate — no club discloses the SCR split.
-
Headroom vs 85% limit
−£9.6m
-
Red Threshold (115% of adjusted revenue)
£255.8m
-
Headroom vs Red Threshold
+£57.1m
Balanced
- squad cost is 89.3% of adjusted revenue
For reference, Transfermarkt's current squad market value is
£281.5m
(source)
— a transfer-market valuation, not the same thing as squad cost. It's shown purely as a
sanity-check on the scale of the composed wage/amortisation figure above, not as an input to
the SCR calculation itself.
What this means
On these estimates, Fulham are above the 85% Green Threshold but inside
their 115% Red Threshold. That is the levy band: from 2027/28 a per-point levy
applies here, and any breach of 85% at the Accounts Confirmation Test cuts next season's
allowance by the size of the overshoot. Manageable, but the ceiling ratchets down.
Summer 2026 window vs SCR headroom
-
Window spend (gross)
£87.8m
-
Window sales
£17.5m
-
Net spend
estimated
£70.3m
-
Pre-window effective SCR headroom (85% limit plus any top-up or allowance)
−£9.6m
Spent beyond headroom
A net spend of £70.3m is
£79.9m beyond the
−£9.6m of effective headroom Fulham had before the
window opened — the 85% limit plus any owner top-up or allowance, minus estimated squad cost, the same basis as the
transfer-window table.
football365's net-spend table: total in £87.83m, total out £17.49m. Sales figure reconciles with individually reported fees for Issa Diop (£8.5m) and Sasa Lukic (£9m) to Ipswich. Key incoming fees: Hugo Larsson on loan with mandatory buy clause ~£21.5m, Gonzalo Garcia + Cesar Palacios combined ~£43m. Sports Mole's separate list gave an incomplete £78.1m spend / £0m income (omitted Larsson and several outgoing fees), so not used.
Source.
Spending beyond calculated headroom is not automatically a breach: transfer fees are
amortised over the contract, sales offset signings, and none of it reaches SCR squad cost
until the next accounts are filed.
Every club's window spend vs headroom →
Old rules vs new: PSR compared to SCR
Under the old PSR system, clubs were judged on total losses over three years,
not on what they spent on the squad as a share of revenue. Here's how Fulham's
position compares under both sets of rules.
| Old PSR (loss-based) |
New SCR (revenue-based) |
3-year losses: £85.4m
reported
Limit: £105m
Headroom: +£19.6m
2022/23-2024/25 (PL)
|
Squad cost: £198.7m
85% limit: £189.1m
Headroom: −£9.6m
Based on £222.5m adjusted revenue
|
Cumulative loss of £85.4m (2022/23: -£26.0m, 2023/24: -£26.0m, 2024/25: -£33.4m) against the £105m limit, leaving roughly £19.6m headroom. First PSR cycle in which all three seasons were spent fully in the Premier League, giving Fulham the full £105m limit rather than a blended EFL/PL one. Compliance driven substantially by high-value player sales (Palhinha, Stansfield, historically Mitrovic).
Note on this club's figures. Revenue £194.8m, total wages £166.5m, player amortisation £61.5m, profit on player sales £41.0m all per Swiss Ramble's analysis of filed 2024/25 accounts. Squad cost is COMPOSED (no clean, verifiable published SCR-basis figure exists): player_wages = 77% of total wages (£128.205m, the standard inferred playing-share split used across this dataset), plus amortisation (£61.5m), plus an estimated £9m agents fees = £198.705m. This dataset previously assumed a published ~85% gross / ~70% adjusted pairing for Fulham — that does not hold up on direct research. Gross ratio (squad_cost / revenue alone = 198.705/194.8) = 102.0% — nowhere near 85%. Adjusted ratio (squad_cost / (revenue + player_trading_profit) = 198.705/235.8) = 84.3% — close to 85%, not 70%. The roles are reversed from what was assumed: the adjusted (correct) denominator gives ~84%, amber but just under the green line, while the gross/revenue-alone denominator gives ~102%, well into amber/red territory. The widely-quoted 'Fulham SCR ~85%' (matchdayfinance) most likely traces to a much simpler, less rigorous shortcut: plain total wages (£166.5m) divided by revenue alone (£194.8m) = 85.5%, which is neither a correct SCR numerator (no amortisation, includes non-playing staff) nor a correct SCR denominator (no player-trading adjustment) — an apparent coincidental match rather than a genuine SCR estimate. A separate, forward-looking PSRwatch 2026/27 projection puts Fulham at 113% of football income, using full staff costs and zero player-trading contribution assumed — a rougher, more pessimistic forward estimate on a stricter (all-staff, no-trading-profit) basis; directionally consistent with our finding that Fulham looks far worse on a gross basis than on the properly adjusted one. Net conclusion: on the properly composed, adjusted-revenue basis, Fulham sits amber, close to but just under the 85% green threshold for 2024/25 — not comfortably green at ~70%, and not deep red at 113% either (that figure is a stricter 2026/27 forward projection, not a 2024/25 actual).
3-YEAR TRADING PROFIT / TRANSFERMARKT NOTE: 2023/24 (£33m) and 2022/23 (£9m) profit-on-player-sales figures both sourced from The Swiss Ramble: the 'Fulham Finances 2023/24' article states pre-tax loss widened from £26m to £33m 'despite profit on player sales rising from £9m to £33m', directly giving both years; independently corroborated by the earlier 'Fulham Finances 2022/23' article, which states profit on player sales 'dropped from £12m to £9m' (i.e. £12m in 2021/22, £9m in 2022/23) — the two articles agree on the £9m figure for 2022/23. The £33m figure aligns with the Mitrovic-to-Al-Hilal sale, which fell in Fulham's 2023/24 accounting year (FY to 30 June 2024), not 2022/23 as the transfer closed August 2023. Transfermarkt squad value: €328.80m as shown on the transfermarkt.us mirror (transfermarkt.com fetch was blocked), converted to GBP at 1 EUR = 0.856 GBP (August 2026 mid-market rate), giving £281,452,800. This is a market-value sanity-check figure only, not SCR squad cost. Summer 2026 window: spend £89.0m, sales £17.5m, net spend £71.5m (Sky Sports/GiveMeSport, transfer fees not accounting profit — the P&L profit on disposal is fee less remaining book value, so this is an upper bound on the player-trading profit that will land in FY2026/27). The stored player_trading_profit remains the filed figure and is NOT adjusted for this window.
Source.
Compare Fulham with another club
← All Premier League SCR clubs ranked by SCR headroom
Figures are illustrative estimates from published accounts, named analyst estimates and
public reporting, not official SCR submissions.
Premier League squad cost is composed from wage, amortisation and agents' fee
components or anchored to a published analyst estimate, because no club discloses the SCR
split — which is why it is always flagged
estimated.
Last reviewed 2026-09-03.
Full rules explainer →