Big Losses At Charlton Athletic
Relegation threatened Championship side Charlton Athletic have reported big losses in the year to June 2008. Losses were up 16 per cent, £11.5m compared with £9.9m in 2007 (operating losses were £8.6m). Turnover was down 26 per cent from £35.9m to £26.7m, a figure that includes parachute payments which run out at the end of the season. Ticket income, sponsorship / banqueting and retail income was down 21 per cent from £16.8m to £13.2m.