Charlton Athletic Football Club this week filed financial statements for the period ending 30th June 2018 at Companies House.
The key points from these accounts have been summarised from the notes below.
Key Points
- Charlton Athletic made a loss of £10.1m compared to the profit of £1.4m the previous year. The report references this was in-part because the club “did not see a repeat of the level generated on player sales during 2016/17”. Profit on disposal of player registrations amounted to £4m, compared to £16.2m the previous year
- Revenue from central income dropped from £1.8m to £1.4m because of a decrease in EFL distributions
- Matchday income increased from £3.2m to £3.4m in-part because of the additional revenue from playing in the play-offs
- Commercial income rose by £104,000 to £1.345m and was also helped by the club’s run into the play-offs
The report also notes the academy performance for the 2017/18 season continued to be productive:
- There were seven Academy debutants in the first team over the course of the season
- By the end of the season there were nine Academy graduates in the first team squad of 26
- Academy Manager Steve Avory received the 2018 Eamon Dolan Award at the Premier League Youth Development Conference for recognition and service to youth development
- The U18s became national champions for the third time in five years and the Under 23s were league runners-up and national semi-finalists
- The U13s reached the inaugural national competition at that age group before narrowly losing to Liverpool in the final