Sandgaard expects to lose £20m

Thomas Sandgaard expects to lose £20m in his first year as Charlton Athletic owner, twice the £10m loss forecast by VOTV editor Rick Everitt.  However, the pandemic has taken its toll: there will be no bail out money from the Government and Sandgaard thinks that funds from the Premier League will not make much difference.  Additional legal expenses probably haven't helped: https://www.bbc.co.uk/sport/football/54994484

However, in eight years he expects Charlton to be not just a Premier League side, but playing regularly in Europe.