Tuesday 5 June 2018

Charlton with biggest debts in League One

Kieran Maguire of the Price of Football has been taking a look at the finances of League One. It's perhaps no surprise that Charlton have the biggest debts, but it is striking by how much they out distance other clubs.

Charlton's debts are £65.3m. Next in line are Coventry City, owned by hedge fund Sisu, followed by Bolton Wanderers at £22m (remember these are last season's figures). Rochdale and Shrewsbury are debt free.

Charlton also paid out £140 in wages for every £100 of income, a 'distinction' matched only by Scunthorpe.

Figures like these remind us why the sale of the club has not been straightforward. There have also been rumours that the Football League has raised queries during the fit and proper persons process, although I cannot confirm these.

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