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CAFC Company Accounts

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    There for possible shit sponsorship not for investment. Point of origin Kuwait I understand.
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    Heaven forbid they might have been there to watch a football match!
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    There for possible shit sponsorship ...

    lol
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    stonemuse said:

    There for possible shit sponsorship ...

    lol
    ;-) yep...still not sure if that's a Freudian slip or not!!
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    I meant SHIRT sponsorship. Sorry
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    Heaven forbid they might have been there to watch a football match!


    this. why is it when there are "foreigners" in the directors box people assume they are potential new owners.
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    Heaven forbid they might have been there to watch a football match!

    i don't think The Valley is the place to be , well certainly on Saturday it wasn't , if you're looking to just watch and possibly enjoy a football match, endure yes
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    I meant SHIRT sponsorship. Sorry

    That's what I heard also
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    I have not heard anything further since there were 4, maybe 5 interested parties and they were reviewing the validity of one (the best) option. They are in no hurry and felt before Christmas that an end of season deal would leave them in a stronger position as the club looked like consolidating in mid table without any significant playing staff changes.

    I doubt we'll have massive influx or outflux of people in the next 39 hours ...
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    Here's another summary :-

    Charlton Athletic made an operating loss of just under £7.5m in its League 1 promotion season, compared with £6.13m the preceding season according to accounts lodged at Companies House. Profit of just over £1m on the disposal of players reduced the operating loss to £6.45m. However, the preceding year, £2.8m in profit was realised from player sales, reducing the operating loss to £3.3m.

    Turnover increased by 2.4 per cent or £202,000 to £8.549m, largely due to an increase in match day ticket and hospitality sales. Attendances increased by 12 per cent from 15,582 to 17,428, a club record in the third tier. Ticket income and match day activities accounted for 60 per cent of revenue, followed by commercial revenue at 22 per cent. The amounts realised from commercial activities and broadcasting were down slightly.

    An area of concern is that staff costs amounted to 104 per cent of turnover. The figure recommended by Deloitte Sports Business is 50 per cent, but few clubs achieve that. Many Premiership clubs have ratios in the seventies and eighties and this figure puts the Addicks at the higher end of the spectrum.

    The company had total bank loans of £5.77m. An amount of £9.94m (£2.6m in 2011) is owed to the immediate parent company, Baton 2010 Limited. The company's utimate holding company is CAFC Holdings Limited, a company registerered in the British Virgin Islands. The identity of the club's ultimate benefactors is thus unknown
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    If TJ and co have serious options to sell at end of season, then that would go a long way to explaining why nothing is being spent this window.
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