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Charlton Athletic

Charlton Athletic secure significant off-field agreement



Charlton Athletic have reportedly agreed a pay deferral deal with their players and senior management, while some other staff are likely to be furloughed.

The EFL season has been suspended for more than a month and it remains unclear if, how, and when the 2019/20 campaign will be concluded.

The delay and the uncertainty over the conclusion to the season has caused some significant financial issues for clubs up and down the EFL.

Many clubs have taken action in an attempt to mitigate the current situation, including agreeing wage deferral deals and putting staff on the government’s furlough scheme.

It appears Charlton are the latest to do so, as, according to reputable journalist Alan Nixon, the South London club have agreed a wage deferral deal with players and senior management.

It has been a particularly difficult few months for the Addicks, who were battling relegation before the delay to the season and have had a string of off-field issues.

An ugly boardroom dispute between majority shareholder Tahnoon Nimer and ex-chairman Matt Southall has played out publicly and led to the latter being removed from his role.

ESI, the investment consortium led by Nimer, completed their takeover of Charlton in January but it was announced earlier this month that the EFL is now investigating that deal for misconduct.

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The Verdict

This looks like good news for Charlton. The current situation is a difficult one for all EFL clubs but it’s even worse for the Addicks given their other off-field issues.

Given there are question marks over whether any funds have been put into the club since the takeover, not having the gate receipts over the last month or so is far from ideal.

This agreement should give the club a little more financial flexibility.

London-based sports journalist at Snack Media EFL accredited, graduate of New Associates and the University of Brighton

ScoopDragon Football News Network

Article title: Charlton Athletic secure significant off-field agreement

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