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Mohamed Al Fayed is ready to sell Fulham.

Al Fayed has owned the Craven Cottage outfit since 1997 and loaned them over £200million as they have risen from League One to the Premier League.

But the Egyptian billionaire, 84, is now converting most his assets into cash as he plans his family's future.

He sold Harrods in May 2010 to Qatar Holdings and has asked football fixer Keith Harris to drum up a buyer for the Cottagers.

The club is valued at £150m-£200m, thanks to the desirable London property it owns.

Al Fayed has decided to call time on spell as a football club owner because he is rarely in the UK - and when he is, he prefers to spends his time on his Scottish estate.

Last year, £212m in loans from his businesses to Fulham was converted to equity.

(Image: Mike Hewitt)

It saw Fulham's 2011 net debt of £193m wiped away to stand at only £4m - making the club a more attractive proposition to potential buyers.

This summer, Fulham have only signed three players, all on Bosmans - Maarten Stekelenburg, Derek Boateng and Fernando Amorebieta.

And Al Fayed's decision to turn to football financier and former investment banker Harris is telling.

Harris' speciality is finding overseas buyers, after assisting takeovers by Roman Abramovich at Chelsea, Randy Lerner at Aston Villa, Eggert Magnusson at West Ham and Thaksin Shinawatra at Man City.

A Fulham spokesperson declined to comment.