Monday, June 25, 2007
Charlton close women's teams
Charlton are set to close down their entire women's set-up - the second biggest in the country - following the relegation of the men's team from the Premier League, in a cost-cutting exercise.
As part of a major cost-cutting exercise whose full extent will be revealed by the club this week, management staff and 140 female players from senior teams down to centre of excellence level will be left to look for new clubs.
The measure will give Charlton an annual saving of around £250,000, a large amount compared to the budgets of most women's clubs, but small change in the running of a professional men's club. Despite their relegation, Charlton will receive parachute payments of £11million a year for the next two seasons, while the impending sale of Darren Bent to Tottenham is set to bring in £16m.
As part of a major cost-cutting exercise whose full extent will be revealed by the club this week, management staff and 140 female players from senior teams down to centre of excellence level will be left to look for new clubs.
The measure will give Charlton an annual saving of around £250,000, a large amount compared to the budgets of most women's clubs, but small change in the running of a professional men's club. Despite their relegation, Charlton will receive parachute payments of £11million a year for the next two seasons, while the impending sale of Darren Bent to Tottenham is set to bring in £16m.
