A bitter legal battle between the former owner of York City Jason McGill and the current owners could threaten the chances of the Minstermen returning to the EFL after a decade's absence. It is a complex dispute and one that has attracted the attention of the independent football regulator. McGill was credited with saving the club from oblivion with his loans, but he was a divisive figure and his relationship with the supporters' trust became strained. Julie-Anne Uggla is a 62-year-old British-Canadian entrepreneur and philanthropist who lives in north London. The purchase of a football club — she also looked at Yeovil Town — was prompted by a passion for the game she shares with her son, the two of them forming 394 Sports Ltd. At York, they have become popular owners, investing more than £6 million in the past two years in pursuit of promotion. Should the Ugglas be unsuccessful in challenging McGill’s demand, it could be ruinous for the club. As detailed in the High Court clai...
Charlton Athletic have published their annual accounts for 2024/25. A big loss of £16.8m is slightly offset by player sales: https://www.charltonafc.com/news/charlton-submits-annual-accounts-report Revenue was up from £8.8m to £11.2m, but the wages to turnover level was 141 per cent, double the recommended level. Turnover was up £2.3m to £11.1m. No single cause - broadcast revenue, matchday and commercial all up about £0.5m and “other” up £0.7m. Some of that reflects reaching the play-off final against the very poor 2023/24 season. Commercial is big increase relative to a very low base. Commercial increase probably relates at least in part to bringing retail in house, which means all sales appear in the club’s turnover and not just commission. It would be partially offset by increased cost. The operating loss is shown as debt to the parent company, interest free, repayable on demand, now £25m. Salary costs were up £3.6m to £15.7m, reflecting increased turnover, but non-f...