Financial Report: Charlton reveal £10 million loss amidst ownership uncertainty
1 April 2020
Charlton's owner, Tahnoon Nimer, in March threatened to pull out of the club over a conflict with Matt Southall - the executive chairman whom he appointed.
Southall and another director, Jonathan Heller, have since been removed from the board.
The club made a pre-tax loss of £10.1 million last season – exactly the same as the year before.
Despite being embroiled in uncertainty regarding the status of their ownership, Charlton have revealed their financial results for last season, in which the club made a £10.1 million loss but secured promotion to the Championship.
The announcement was made shortly after two of the club's directors, Matt Southall and Jonathan Heller, were removed from Charlton's board due to a conflict with their new owner, Tahnoon Nimer.
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