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Big losses at Charlton

Charlton lost over £10m in 21/22 from operations, player sales reduced this by £3.3m.  Charlton bought players for £1.7m in 21/22. Sales were £3.7m.

Charlton had loans of £20m at 30 June 2022and have since borrowed a further £6m from the owner. Charlton borrowed £3.5m in the year.

Interest costs £12,000 a week in 21/22.  Wages £108 for every £100 of income.

Income up as tickets sold via end of lockdown. This offset lower commercial and broadcast income. Over £500k in severance pay costs arose in year.

Charlton total losses over the years now exceed £48m.

Fan website editor Rick Everitt comments: ''The £10.1m operating loss announced by Charlton for 2021/22 is virtually identical to the previous season if you take into account an adjustment made as part of the takeover in 20/21.  Generally comparisons with 20/21 are complicated because of lockdowns. An operating loss of £10m is actually better than the club managed in L1 in the prior spell at that level under [Belgian owner] Roland Duchatelet.'

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