Post by Zos on Apr 1, 2020 11:47:35 GMT
Charlton's debt to controversial Belgian owner Roland Duchatelet stood at £67m last June, newly published accounts for 2018/19 state. It should be noted that this includes what he paid the previous owners for the club in January 2014. Duchatelet left that sum on the books as debt and charged the club interest on its own purchase price.
Operating loss for 2018/19 was £11.9m compared to £13.3m in 17/18, mainly the result of additional income from play-offs and reduced operating expenses. Turnover was £7.9m, up from £7.3m. Staff costs were £10.4m from £10.2m, probably reflecting player bonuses.
The club reports it has received £4.2m for player disposals since June 30th last year and paid out £221k. This is up to date as the accounts were not finalised until March 24th. Profit on player disposals was £2.9m in 18/19, down from £4.0m in 17/18.
"includes what he paid the previous owners for the club in January 2014. Duchatelet left that sum on the books as debt and charged the club interest on its own purchase price."
Beggars fucking belief what these parasites are allowed to do to our clubs.
Operating loss for 2018/19 was £11.9m compared to £13.3m in 17/18, mainly the result of additional income from play-offs and reduced operating expenses. Turnover was £7.9m, up from £7.3m. Staff costs were £10.4m from £10.2m, probably reflecting player bonuses.
The club reports it has received £4.2m for player disposals since June 30th last year and paid out £221k. This is up to date as the accounts were not finalised until March 24th. Profit on player disposals was £2.9m in 18/19, down from £4.0m in 17/18.
"includes what he paid the previous owners for the club in January 2014. Duchatelet left that sum on the books as debt and charged the club interest on its own purchase price."
Beggars fucking belief what these parasites are allowed to do to our clubs.