Parker sale boosts Charlton profits

Charlton made a net profit of £11.1m (€16m) last year – due almost entirely to the sale of Scott Parker to Chelsea in January.

The annual report released to the Stock Exchange this morning for the 12-month period to June 20 2004 showed turnover increased to £42.6m (€61.3m) – a rise of 21% - and the club made an operating profit of £4.6m (€6.6m) but a net loss of £500,000 (€720,000) was incurred before player transfers were taken into account.