A little behind schedule, Charlton have submitted their2023/24 accounts. Once they have been uploaded at Companies House, I will undertake more analysis. In the meantime, I am using the summary of football finance guru Kieran Maguire. They make worrying reading.
Revenue was £8.8m down 10%. Wages £12.1m up 18%. Wages £138
for every £100 revenue, a very high figure more typical of the Championship. Operating loss £14.6m up 48% (£280k a week). Severance
pay (to manager?) £746k. Exec pay £1.9m up
80% (but remember, salmon coloured chinos don’t pay for themselves, quips
Maguire). Player purchases £1.9m. Player
sales were £1.3m.
Maguire states that total Charlton losses over the years are £71.5m.
Maguire has also revealed: 'Charlton’s auditors are unable to say whether or not the 23/24 accounts are accurate following a cyber attack against the club which meant that the auditors could not obtain supporting evidence.'
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