Fulham have refused to respond to the latest "ambiguous" report that they are being primed as one of the next clubs to face a takeover bid.

Current owner Mohamed Al Fayed twice rejected similar speculation last season but the club have decided on a "no comment" policy over the latest story in a Sunday newspaper which alleges a £120million offer is already on the table at Craven Cottage from an "unknown party", with a rival "foreign" consortium is "considering its options".

Harrods boss Al Fayed, in fact, was the first major non-British investor in an English club when he bought Fulham with an initial injection of around £30million just over 10 years ago.

But since Chris Coleman's sacking five games before the end of last season, substantial funds have been released for new manager Lawrie Sanchez's on-going rebuilding project. The former Northern Ireland boss spent £6million on striker Diomansy Kamara, £3million each to sign striker Hameur Bouazza and midfielder Steve Davis, £2.5million for defender Paul Konchesky and over £1million apiece on David Healy and Aaron Hughes.