Charlton preparing for relegation with move to reduce staff

Thursday 02 April 2009 00:00 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Charlton Athletic are continuing their plans for life in League One next season by placing up to 25 members of staff at risk of redundancy.

The move is part of efforts to cut costs ahead of the reduced income they will earn next season, with the end of the two years of parachute payments following their relegation from the Premier League in 2007. Charlton, managed by Phil Parkinson, are 14 points adrift of safety with just seven games remaining.

The Charlton plc chairman, Derek Chappell, said: "The loss of the final parachute payment at the end of this season, along with our situation of facing relegation from the Championship, will reduce our revenue by at least £10million."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Charlton preparing for relegation with move to reduce staff

Join our commenting forum

Thank you for registering