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Net Loss For Addicks

Net Loss For Addicks

Charlton chairman, Richard Murray has revealed that The Addicks have made a net loss of £9.9M.

This is mainly down to the implications of relegation to the Championship despite the club raising over £11M in player sales.

When in the Premier League the club's annual income was around £42M this has now decreased to £35M.

Murray has stated that the club investing heavily in the squad under Iain Dowie was also to blame for the financial loss.

Many of the players Dowie signed as Head Coach have now left The Valley.

Money was also given to Alan Pardew to fund the purchases of Luke Varney and Paddy McCarthy and these must also be taken into account. Murray went on the reveal that he believes that Alan Pardew will be the man to take Charlton the the next level.

Writer:JimmyCAFC
Date:Sunday December 23 2007
Time: 8:03PM

Comments

0
Yes AP is the man to take us to the next level, and he will do this (well he will have to, but can anyway) without crazy spending and basically wasting of money as Dowie had. AP is a shrewd dealing in the market.
Charlton Addickt
24/12/2007 08:40:00
0
AP is the man - full stop :) Hmmmmmm yes :)
Pardew is Sexy
24/12/2007 19:45:00
0
I'm Not Sure That He Is....................!
horseworrier
31/12/2007 10:39:00
0
I will not turn on AP, he is still very much the man.
Charlton Addickt
01/01/2008 21:20:00
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