Johnson seals Fulham move

Johnson seals Fulham move

8.08.2008
STRIKER Andrew Johnson has finalised his transfer from Everton to Fulham for 10 million pounds on a four-year contract.

The 27-year-old England international will play alongside fellow new signing Bobby Zamora at Craven Cottage after finding himself all but frozen out on Merseyside following the arrival of Ayegbeni Yakubu from Middlesbrough last summer.

"I have made no secret of my wish to add Andy Johnson to my squad at Fulham," coach Roy Hodgson said.

"I believe that he has all the qualities needed to assist us in next season`s campaign and I am more than delighted that we have secured his services for the long term."

Fulham`s ambition for the new campaign has been such that Johnson arrived as their 11th signing of the close season, and he could partner fellow new boy Bobby Zamora in the season ahead.

Marlet was an 11.5 million-pound (14.6 million-euro) recruit from Lyon in 2001 but proved an expensive failure for Fulham, however Johnson has a proven track record in the Barclays Premier League.

His move was held up as Fulham sought assurances about an old ankle injury, and Johnson was quick to thank Hodgson for showing persistence after a deal was struck which will see the London club pay around 10 million pounds initially, with more to come depending on performance.

"I am glad that the agreement is now finalised and that I can concentrate on playing football for Fulham," Johnson said.

"Roy has been great over the last week or so of ongoing discussions and his support in getting me here has only strengthened my ambition to give 100 percent for him and the team every game.

"Fulham is a club with a lot of history and ambition and I`m pleased that I can be part of that.

"I`m now just looking forward to getting into the dressing room with the lads and to start training with them as soon as possible."

 

Agence France-Presse

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NATIONAL Australia Bank (NAB) has raised its variable home loan rate by 0.29 per cent to 9.27 per cent, making it the first big bank to raise rates since the official interest rate hike on Tuesday.

NAB`s rate rise is higher than that by the Reserve Bank of Australia (RBA), which raised official interest rates by 0.25 per cent to 7.25 per cent.

NAB`s new rate will be effective from tomorrow.

“We have a responsibility to balance the needs of our shareholders as well as our customers," NAB executive director and CEO, Ahmed Fahour, said.

“Escalating wholesale funding costs have been impacting NAB since August 2007. During February this year, the cost of both short and long term wholesale funding rose to their highest levels in a decade.

“Unfortunately this means the increase in the RBA’s cash rate by 0.25 per cent does not reflect the true cost of funding a home loan. Even with the additional 0.04 per cent change on variable rate products, NAB is continuing to absorb a significant portion of the increased wholesale funding costs,” Mr Fahour said.

Mr Fahour warned the bank was continuing to watch the market closely and would "adjust our rates further if the increased wholesale funding costs do not subside``.

Adelaide Bank Ltd, which has merged with Bendigo Bank Ltd, has already raised its wholesale mortgage rates by 40 basis points.

In a briefing to investors today, St George Bank boss Paul Fegan admitted his bank was also considering a 40 basis point rise.

The other major banks, Commonwealth Bank of Australia, Westpac Banking Corporation and ANZ Banking Group, have all said their rates are under review.

With AAP

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