Vital Football

Latest Charlton Athletic News

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
Page 1/1
  1. 1

Login to post a comment

Recent Charlton Athletic Articles

Officials - Blackburn v Charlton (16/12/17)

The Football League have now announced the Match Day officials that will take charge of the game between Blackburn Rovers and Charlton Athletic this Saturday.

Our Developing Squad are Proud Players

First Team take note

Vital View - League One - 9th December 2017

The League One season continued with the latest round of games played over the weekend, 9th December.

The Valley of Dreams it was not

Celebration not replicated

Charlton Athletic Archived Articles

Vital Charlton articles from

Site Journalists

Kieran Keogh
no email
Profile
Michael Tucker
no email
Profile

Current Poll (see more polls)

Portsmouth MotM
Suggested By: Site Staff
Amos34%
Solly0%
Konsa0%
Sarr33%
Dasilva0%
Forster-Caskey0%
Aribo0%
Marshall0%
Clarke0%
Holmes0%
Magennis0%
Sub - Ahearne-Grant33%
Sub - Best0%
Sub - Reeves0%
ScoopDragon Publishing Entire League Network of Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Charlton Athletic Results (view all)

Charlton Athletic Fixtures (view all)

Vital Members League Table

RankNamePoints
1.JeromeThomas146
2.rorzzman3
3.gear2
4.baxner2
5.kishy1
6.bunniksideFCU1
7.john west1
Vital Football Comment