Thursday, March 23, 2006

Not quite an ill octopus

The sixth monthly financials for Charlton have just been released, and they don't appear to make very good reading. An interim loss of £5.1m is not what we, the fans, would have hoped for, but I guess with the problems over all:sports, the increased wages of carrying a larger-than-ever Premiership squad, and the loss of a large number of season-ticket holders has all combined to hurt the bank balance. Luckily, the share issue earlier in the season will have helped, and Richard Murray's statement is far from doom and gloom laden.

It's fair to say that Charlton cannot afford to run at a loss like this for very long, and the chance of a sustained FA Cup run will help, especially if we win tonight and in a semi-final too. However, the doom merchants should not suppose that these figures will automatically mean that players will have to be sold (and we all know that the only player of "real" value at The Valley at the moment is Darren Bent!).

After all, what's sick squids (or six million) between friends?

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