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Charlton accounts 2024/25

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  • Airman Brown
    Airman Brown Posts: 15,853

  • Crispywood
    Crispywood Posts: 1,527
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
  • fenaddick
    fenaddick Posts: 17,204
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
  • Airman Brown
    Airman Brown Posts: 15,853

  • Crispywood
    Crispywood Posts: 1,527
    fenaddick said:
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
    Then where’s that 1.4M profit come from is what I want to know. Ahadme cost us 750k Godden was 250k, Mitchell was 300k + 20% sell on Edwards cost us 90k and the only players we got money for was May which was 1M and REG/Ness where no leaked figures have been given. I’m concerned to make that amount of money we must have given up one of the best youngsters in the country. 

    15M operating loss for L1 in a promotion campaign is absurd though can see why the owners are looking for sustainability 
  • shirty5
    shirty5 Posts: 19,706
    Wages to revenue ratio 

    2025 - 141%

    2024 - 138%
  • Airman Brown
    Airman Brown Posts: 15,853

  • fenaddick
    fenaddick Posts: 17,204
    fenaddick said:
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
    Then where’s that 1.4M profit come from is what I want to know. Ahadme cost us 750k Godden was 250k, Mitchell was 300k + 20% sell on Edwards cost us 90k and the only players we got money for was May which was 1M and REG/Ness where no leaked figures have been given. I’m concerned to make that amount of money we must have given up one of the best youngsters in the country. 

    15M operating loss for L1 in a promotion campaign is absurd though can see why the owners are looking for sustainability 
    Player spends will be amortised over the contract length so if we spent 750k on Ahadme and his deal is 4 years (from memory) so only £187.5k will be included in the accounts 
  • se9addick
    se9addick Posts: 32,585
    fenaddick said:
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
    Then where’s that 1.4M profit come from is what I want to know. Ahadme cost us 750k Godden was 250k, Mitchell was 300k + 20% sell on Edwards cost us 90k and the only players we got money for was May which was 1M and REG/Ness where no leaked figures have been given. I’m concerned to make that amount of money we must have given up one of the best youngsters in the country. 

    15M operating loss for L1 in a promotion campaign is absurd though can see why the owners are looking for sustainability 
    If by “sustainability” you mean at least breaking even every year, I’m not really sure it’s possible in English football apart from a couple of very rare cases. 
  • NabySarr
    NabySarr Posts: 5,291
    fenaddick said:
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
    Then where’s that 1.4M profit come from is what I want to know. Ahadme cost us 750k Godden was 250k, Mitchell was 300k + 20% sell on Edwards cost us 90k and the only players we got money for was May which was 1M and REG/Ness where no leaked figures have been given. I’m concerned to make that amount of money we must have given up one of the best youngsters in the country. 

    15M operating loss for L1 in a promotion campaign is absurd though can see why the owners are looking for sustainability 
    Might have been a pretty decent promotion add on for the Birmingham Alfie May deal 

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  • cabbles
    cabbles Posts: 15,490
    I see these from time to time when Kieran Maguire tweets other clubs financial statements.  I am guessing this is a similar picture for a lot of championship clubs, although I saw Millwall’s a couple of weeks ago, they were very good.

    finances, certainly football finances are beyond me in general.  In the short term it’s key to stay up this season, but long term, we hope our backers have got the staying power and can cover these losses and lay the foundations to get us run as sustainable as possible (comparatively speaking)

    the only way I think we make up any short term gains is finding a couple of gems to come through the youth team.  

    The whole football finance thing has really frustrated me over the years.  The wages at the top of the game trickled down to our level and below.  Suddenly you’ve got bang average players that can make 6/7k a week in league one.  300k a year.  In a normal business you pay senior leaders that sort of money who create profit.  In football you pay crap players that sort of money, just because that’s how it is.

    You look at someone like Kaminski.  Costing us 20k a week.  Insane 
  • killerandflash
    killerandflash Posts: 71,402
    NabySarr said:
    fenaddick said:
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
    Then where’s that 1.4M profit come from is what I want to know. Ahadme cost us 750k Godden was 250k, Mitchell was 300k + 20% sell on Edwards cost us 90k and the only players we got money for was May which was 1M and REG/Ness where no leaked figures have been given. I’m concerned to make that amount of money we must have given up one of the best youngsters in the country. 

    15M operating loss for L1 in a promotion campaign is absurd though can see why the owners are looking for sustainability 
    Might have been a pretty decent promotion add on for the Birmingham Alfie May deal 
    The REG deal (as per the accounts) also included an add on for Orient reaching the playoff final.
  • Crispywood
    Crispywood Posts: 1,527
    NabySarr said:
    fenaddick said:
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
    Then where’s that 1.4M profit come from is what I want to know. Ahadme cost us 750k Godden was 250k, Mitchell was 300k + 20% sell on Edwards cost us 90k and the only players we got money for was May which was 1M and REG/Ness where no leaked figures have been given. I’m concerned to make that amount of money we must have given up one of the best youngsters in the country. 

    15M operating loss for L1 in a promotion campaign is absurd though can see why the owners are looking for sustainability 
    Might have been a pretty decent promotion add on for the Birmingham Alfie May deal 
    1M was with the promotion bonus we were only paid 775k up front
  • Airman Brown
    Airman Brown Posts: 15,853
    I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
  • killerandflash
    killerandflash Posts: 71,402
    I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
    Did we even make money from bringing it in house? 
  • I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
    Maybe you are going to see a big change in the hospitality offerings next season, partly explaining why some long serving fans are being "relocated" in the west stand next season.
  • JohnnyJoeyDeeDee
    JohnnyJoeyDeeDee Posts: 1,065
    We really need Liverpool to sell Gomez for £30m+ in the near future
  • clive said:
    Interesting that Warrick talks about trying to grow revenue, among other things , by streaming.
  • Crispywood
    Crispywood Posts: 1,527
    We really need Liverpool to sell Gomez for £30m+ in the near future
    We’ve been waiting for that for 5 years now he’s not going to go for a lot unfortunately if he does leave 

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  • CaptainRobbo
    CaptainRobbo Posts: 1,771
    fenaddick said:
    What I want to know is firstly how on earth did we make a 1.4M profit on players in 24/25. We spent 1.3-1.4M according to accurate sources and only made 1M from May I doubt we sold REG for 1.7M did we sell some academy prospects? 

    In addition some people saying are owners don’t back us the average operating loss in L1 is 5M a year and they happily lost 15M last season were very lucky to have them 
    There will be some compensation from academy players but won’t be 1.7m worth 
    Didn't we get some money in for Nick Pope going to Newcastle at some point?
  • cabbles
    cabbles Posts: 15,490
    I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
    Maybe you are going to see a big change in the hospitality offerings next season, partly explaining why some long serving fans are being "relocated" in the west stand next season.
    I’m one of the seats affected.  Viewing our alternative seats offered today.  There’s not much we can do, but a little gutted, as had a season ticket in my current seat since the start of the 98/99 season 
  • valleynick66
    valleynick66 Posts: 5,301
    I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
    Ahh but now we are trying to recruit a marketing manager aren’t we at c£30k pa versus the CM included extra directors fees this time (£194k?)so we can expect an uplift in net contribution there next season ! 🤔😉
  • cabbles said:
    I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
    Maybe you are going to see a big change in the hospitality offerings next season, partly explaining why some long serving fans are being "relocated" in the west stand next season.
    I’m one of the seats affected.  Viewing our alternative seats offered today.  There’s not much we can do, but a little gutted, as had a season ticket in my current seat since the start of the 98/99 season 
    Quite understandable to be gutted in those circumstances. Could well understand if you felt more strongly about it.

    Moving long serving fans like yourself doesn't sit well with me.

    Are the seats they are offering you in the same vicinity?
  • Bailey
    Bailey Posts: 3,786
    I haven't read the accounts yet but I am wondering what the cost of the playing squad amounted to, at one point last season we had thirty players on the books, this season has been similar, and in both cases it could be argued that quantity won out above quality, that might need to change. 
  • cabbles
    cabbles Posts: 15,490
    cabbles said:
    I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
    Maybe you are going to see a big change in the hospitality offerings next season, partly explaining why some long serving fans are being "relocated" in the west stand next season.
    I’m one of the seats affected.  Viewing our alternative seats offered today.  There’s not much we can do, but a little gutted, as had a season ticket in my current seat since the start of the 98/99 season 
    Quite understandable to be gutted in those circumstances. Could well understand if you felt more strongly about it.

    Moving long serving fans like yourself doesn't sit well with me.

    Are the seats they are offering you in the same vicinity?
    Yeah, block over in block E.

    currently block D, the row just in front of the Directors area 

    Sat in numerous places in the 6 years prior, east, south and north stand.  Sat there the night of the play off semi against Ipswich the promotion season and really liked the view as it was half way up at the centre of the pitch.

    the seat changed slightly for the start of the following season as they added the upper tier, but will definitely feel odd not being there next year.  If we’d have ended up nowhere near, I would’ve probably kicked off 

    still waiting to see if they offer some sort of gesture, even if it’s a bit of money off next year’s season ticker or a free meal in the lounge.  Just something to recognize the fact a lot of people have been moved on - they may well do 
  • LargeAddick
    LargeAddick Posts: 33,548
    the kick in the teeth will be if you see your old seat empty week in week out if there isn't an uptake in hospitality 
  • shirty5
    shirty5 Posts: 19,706
    edited March 22
    cabbles said:
    I think it’s quite telling that the commercial income shows little growth once you account for bringing all the retail sales (and costs) onto the books. This isn’t surprising but it does contradict what was coming out of the club while Methven was there. The commercial income is the real weakness in the business relative to similar clubs outside London.
    Maybe you are going to see a big change in the hospitality offerings next season, partly explaining why some long serving fans are being "relocated" in the west stand next season.
    I’m one of the seats affected.  Viewing our alternative seats offered today.  There’s not much we can do, but a little gutted, as had a season ticket in my current seat since the start of the 98/99 season 

    Did you pop down to the Valley on Wednesday (18th) or was it all online or over the phone and did someone senior from the club deal with your concerns? Ie: Warrick
  • msomerton
    msomerton Posts: 3,377
    cabbles said:
    I see these from time to time when Kieran Maguire tweets other clubs financial statements.  I am guessing this is a similar picture for a lot of championship clubs, although I saw Millwall’s a couple of weeks ago, they were very good.

    finances, certainly football finances are beyond me in general.  In the short term it’s key to stay up this season, but long term, we hope our backers have got the staying power and can cover these losses and lay the foundations to get us run as sustainable as possible (comparatively speaking)

    the only way I think we make up any short term gains is finding a couple of gems to come through the youth team.  

    The whole football finance thing has really frustrated me over the years.  The wages at the top of the game trickled down to our level and below.  Suddenly you’ve got bang average players that can make 6/7k a week in league one.  300k a year.  In a normal business you pay senior leaders that sort of money who create profit.  In football you pay crap players that sort of money, just because that’s how it is.

    You look at someone like Kaminski.  Costing us 20k a week.  Insane 
    Our accounts are for the 2024/2025 season , so for league 1 and the summer prep for the Championship, though still in league 1 for that period.