News Now: Charlton Athletic Reported An Operational Loss Of £9.6 Million During….

Charlton Athletic reported an operational deficit of £9.6 million during 2022–2023; Global Football Partners contributed £8.9 million.

In 2022–2023 Charlton Athletic lost £9.6 million on operations, or around £190,000 every week.

During that time, the Addicks’ income, which ended at the end of June, remained at £9.8 million, the same amount as in the previous accounts, but their salaries decreased by 8% to £10.3 million.

In July, Thomas Sandgaard sold the football team to Global Football Partners, but before that could happen, the American Dane had to invest cash; his loans were canceled as part of the deal.

According to the recently released financial statements, GFP has contributed an extra £8.9 million to offset operational losses.

The £148k in severance compensation, which also included manager Ben Garner’s termination after less than six months in the position before he was replaced, was another financial blow December 2022, written by Dean Holden.

That amount is a lot less than the £546k that was spent in 2021–2022 to split between Nigel Adkins and Johnnie Jackson, even if the majority of that money went to the former.

According to newly revealed FA records, Charlton paid £228,948 in agency and intermediaries fees this season.

To put things in perspective, there were nine teams that paid more than the Addicks, with the largest outlays going to Derby County (£434,465), Reading (£397,788), Blackpool (395,345), and Barnsley (£379,108).

Charlton’s summer transfer for Alfie May of Cheltenham is valued at £250,000, while Terry Taylor’s transfer from Burton was settled for a fee of about £150,000.

Although May has scored 27 goals this season in all competitions, midfielder Taylor has only made two starts in his seven games for the South London team.

Taylor, who moved to SE7 and was hailed as one of the best lower-league talents, hasn’t played since September 30. In October, he had ankle surgery.

Taylor signed a deal with Charlton until the summer of 2026 but although back fit he has not featured under Jones.

Conor Coventry was another noteworthy arrival during the January transfer window. He came from West Ham on a free transfer, although the Premier League team negotiated a substantial sell-on percentage; this was virtually the same agreement that Sheffield Wednesday had reached.

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