So in summary, in this groups first year of operating turnover was down and annual losses rose £9.5m to £13.9m
Excellent work Charlie & co. Strange how none of the PowerPoint slides ever suggested that.
Hence why the January transfer window was all about "slimming" down the squad.
Next will be player sales in the summer.
Player sales to help the club survive have to happen time to time, there aren’t many clubs where that’s not the case. The key is to get good value and use some of it to bring in new players and repeat the cycle. I’ve got more faith in our recruitment to do that well than in recent seasons.
The positive thing is we have most of the squad under contract and didn’t sell anyone in January at the first sign of a decent offer.
If and when we sell an important player or two I’m hopeful it’ll be for bigger fees than we’ve seen for a while. Time will tell on that.
On slimming the squad, even if we pick up more injuries, the likes of Edun, Allan Campbell and REG would never have saved our season. I don’t think making room for u21s like Dixon, Enslin and Zach Mitchell (next season) was a bad choice.
So in summary, in this groups first year of operating turnover was down and annual losses rose £9.5m to £13.9m
Excellent work Charlie & co. Strange how none of the PowerPoint slides ever suggested that.
Hence why the January transfer window was all about "slimming" down the squad.
Next will be player sales in the summer.
Different financial year.
Yes I know, but the books have to be balanced somewhere along the line. You dont just write off a growing debt just because you've gone into a new fiscal year. Just ask Rachel.Reeves 😀.
This is a real concern. Methven and co are just as bad as Southall and co. Hands in the troth and no accountability. Parasites
Whether you like or dislike Methven (clearly most dislike him), i think it's pretty harsh to say he's as bad as Southall. Methven i still believe had some good intentions, but Southall is just a scumbag.
So in summary, in this groups first year of operating turnover was down and annual losses rose £9.5m to £13.9m
Excellent work Charlie & co. Strange how none of the PowerPoint slides ever suggested that.
Hence why the January transfer window was all about "slimming" down the squad.
Next will be player sales in the summer.
Different financial year.
Yes I know, but the books have to be balanced somewhere along the line. You dont just write off a growing debt just because you've gone into a new fiscal year. Just ask Rachel.Reeves 😀.
They don’t have to be if there was an agreement up front to invest in promotion.
Just under 2 million and 80 per cent rise in executive pay is shocking. Since Gavin Carter was appointed as non executive chairman in November we have seen the back of 2 of those so fingers crossed that figure drops considerably when the next set of accounts come out in 12 months time
Comments
I guess confirmation of what most of us suspected
This severance pay will be for the 2 managers and coaches this SMT employed then sacked
Total losses £75m
Even split between four or maybe five exec directors that seems huge for a league 1 club.
Excellent work Charlie & co. Strange how none of the PowerPoint slides ever suggested that.
Next will be player sales in the summer.
https://find-and-update.company-information.service.gov.uk/company/01788466/filing-history
What do say Charlie boy?
If and when we sell an important player or two I’m hopeful it’ll be for bigger fees than we’ve seen for a while. Time will tell on that.
On slimming the squad, even if we pick up more injuries, the likes of Edun, Allan Campbell and REG would never have saved our season. I don’t think making room for u21s like Dixon, Enslin and Zach Mitchell (next season) was a bad choice.
There is no way Methven would have been involved without a massive salary attached.
Lost MORE than previous years.
I mean those who questioned their financial plans as very difficult to achieve can see in black and white their total mismanagement.
Nothing Charlton surprises me.
you have to invest to get out of the league which is what they’ve done on and off the pitch.
now they have done it’s now management?
Also the only noticeable investment/growth is in executive salaries, funny that…