Business of Sport: Business of Sport Ep.35: Charlie Methven, Co-Owner @ Charlton Athletic, The real cost of football club ownership
This week, we are delighted to welcome Charlie Methven to the show. Charlie is the co-owner and CEO of Charlton Athletic. He was part of the consortium that bought the London club in 2023, and was appointed CEO earlier this year. But as many of you will have seen in the infamous ‘Sunderland til I Die’ Netflix documentary, this isn’t his first dabble in football club ownership. He was part of the group that took over Sunderland as they attempted to recover from back to back relegations. What followed was the most transparent insight into what happens when it all goes wrong at a club, both on and off the pitch. You can’t rely on the owner to pick up the tab at the end of every month; you have to build a sustainable business behind the passion and fanfare. That’s not as easy as it sounds. It’s the realities of decision making at the highest level, the understanding that universal popularity is impossible, underpinned by what goes into running a sports entity as a business. We’re delighted to welcome Charlie to the Business of Sport. On today’s show, we discussed: Navigating Football Finances: What did the business of Sunderland look like when Charlie and the new owners bought the club in 2018? How to manage going from £200m a year revenues to £20m. Owners cannot be left to pick up the bill. A club has to be sustainable if it wants to progress. What does it cost to buy a team outside of the Premier League? How are budgets spent? The cost of running the academy, first team, women’s team, behind the scenes staff. The problem with relegation clauses; why they’re very important but often hard to implement when attracting the top talent. The Sunderland Experience Balancing the business objectives of a football club alongside fan expectation can be the hardest job of an owner. How do you navigate it? There were ingrained cultural issues at the club. How did Charlie go about changing these? Managing a player wage bill that was more similar to a Premier League club than a League One club. How did they go about turning a £27m a year loss making club into a breakeven Championship team in just a few years. Buying Charlton What did the new ownership buy Charlton for and how does that compare to the current revenues across the club? The unique academy set-up that plays a huge part in the successful running of Charlton, and the strength of the local population that feeds it. What are the ambitions of the team over the coming years and how are the ownership looking to achieve them? The challenge with running a women’s team in an environment that isn’t set up for success; how the FA missed a golden opportunity to make women’s football great.
U21 PREVIEW | Charlton v Hull City | Charlton Athletic Football Club
Charlton’s U21s are in action at The Valley on Tuesday afternoon when they host Hull City in their third game of the season (KO 2pm BST). Tickets are on sale for the match and cost just £3 for adults and £2 for O65s and U18s. Click here to purchase yours now.
‘We encourage him to do that’ – Charlton boss Nathan Jones on attacking qualities of skipper Greg Docherty
The Scot opened his account for the South Londoners in Saturday’s 2-0 victory over Bolton Wanderers, rifling a superb shot home from the edge of the box.
The final week of the summer transfer window started well for Nathan Jones as his old compatriot Allan Campbell signed from Luton Town on loan for the season. Campbell played 43 times in Luton’s pr…
Charlton Athletic kick week off with incoming transfer business as Luton midfielder Campbell signs on loan
The Scot, who spent last season with the Lions but struggled to hold down a first-team spot, is the ninth signing made in the summer transfer window by the League One club.
Allan Campbell is a red! | Charlton Athletic Football Club
Charlton Athletic are delighted to announce the signing of Scotland international Allan Campbell on a season-long loan from Luton Town. The tireless midfielder only missed four league games during the 2022/23 season, when the Hatters were promoted to the Premier League. Luton fans will remember Campbell in particular for a crucial goal against rivals Watford during the run-in that season.
What Allan Campbell said previously about Nathan Jones as pair set for Charlton Athletic reunion - southlondon.co.uk
CHARLTON Athletic are set to make Luton Town’s Allan Campbell their eighth signing of the summer as the midfielder links up again with Nathan Jones. Campbell, 26, has passed a medical and will join on loan, according to Football Insider. Jones signed Scotland international Campbell from Motherwell in 2021 when…