Charlton Athletic have been unable to reach an agreement with manager Lee Bowyer regarding the extension of his contract.
The fact the club is for sale has not helped with finding an agreement. The current owner needs to take into account that a new owner may want to appoint his own manager. However, this concern did not stop the current owner proposing a contract extension of one year to Lee Bowyer, even though the club may be sold in a few weeks. Under those circumstances a multi-year extension would not be good business practice.
In addition, since the club is still losing money, which is one of the reasons why the club has not been sold yet, the focus on reducing costs means that we are extremely limited on payroll increases.
Lee has been offered a one-year extension to his contract at a level which is approximately three times what he had since his last increase when he became permanent manager in September.
It is six times what he earned when he started as assistant manager in 2017 and 50 per cent more than what any Charlton manager previously had (excluding the Premier League years). This reflects the strong desire we have to continue to
