Charlton Athletic: League One club reports 拢10m losses for 2017-18 season
- Published
Charlton finished sixth in the League One table in 2017-18
Charlton Athletic made losses of 拢10.1m for the 2017-18 season, having reported profits for the first time in eight years 12 months earlier.
The League One club, which posted a profit of 拢1.4m in 2016-17, attributed the downturn to a fall in revenue from player sales from 拢16.2m to 拢4m.
Reaching the play-offs ensured ticket sales were up 拢0.2m to 拢3.4m last term.
Charlton, up for sale since late 2017, also owed Belgian owner Roland Duchatelet 拢62m as of 30 June 2018.
The losses are the second largest reported by the club since his takeover in January 2014, with the Addicks losing 拢13.5m in 2015-16 when they were relegated from the Championship.
Staff costs, while at their lowest level since 2013, still accounted for 拢140 for every 拢100 generated by the club.
Earlier this season, Charlton were involved in a dispute over bonus payments, leading Duchatelet to say that it had hindered the sale of the club.
The 72-year-old, whose ownership has been subject to numerous fan protests in recent years, recently "demanded" that the English Football League acquire the club - a proposal rejected earlier this month.