Premiership News News
Charlton Athletic looses £11 million
Submitted By Ndubuisi
on Monday 16th December 2002
Premiership fighters Charlton Athletic have announced the club's net loss of £11 million.
The club's chairman Richard Murray disclosed that he is not worried with the development and that it all amounted due to their financial devotion to playing staff.
Though the said loss has not commensurately affect the present status and payment of the players, as they have been paid constantly.
Consequently, Athletic finished 14th in the league last season and they are also currently at the middle of the table this season.
Murray also emphasises that he is pleased that the club made a profit of £445,000 with some advantageous turnover.
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