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Big losses at Charlton

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-football staff numbers were static.

Accounts disclose an £8.9m investment in the squad for 2025/26 (fees and contracts). That is £8m net of commitments to players who have left. Directors received £308k in 24/25.


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